Key Metrics
Fees (Annualized)$959.58m
Fees 30d$63.29m
Hyperliquid L1$63.29m
Fees 7d$27.94m
Hyperliquid L1$27.94m
Fees 24h$2.93m
Hyperliquid L1$2.93m
Cumulative Fees$1.512b
Hyperliquid L1$1.512b
Revenue (Annualized)$721.16m
Revenue 30d$47.41m
Hyperliquid L1$47.41m
Revenue 7d$22.15m
Hyperliquid L1$22.15m
Revenue 24h$2.3m
Hyperliquid L1$2.3m
Cumulative Revenue$1.223b
Hyperliquid L1$1.223b
Holders Revenue (Annualized)$721.16m
Holders Revenue 30d$47.41m
Hyperliquid L1$47.41m
Holders Revenue 7d$22.15m
Hyperliquid L1$22.15m
Holders Revenue 24h$2.3m
Hyperliquid L1$2.3m
Cumulative Holders Revenue$1.223b
Hyperliquid L1$1.223b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$721.16m
$47.41m
$22.15m
$2.3m
$1.223b
DEX Volume 30d$3.324b
DEX Volume 30d by chain
Hyperliquid L1$3.324b
DEX Volume 7d$1.71b
Hyperliquid L1$1.71b
DEX Volume 24h$234.43m
Hyperliquid L1$234.43m
Cumulative DEX Volume$163.4b
Hyperliquid L1$163.4b
Perp Volume 30d$219.455b
Perp Volume 30d by chain
Hyperliquid L1$219.455b
Perp Volume 7d$76.087b
Hyperliquid L1$76.087b
Perp Volume 24h$8.859b
Hyperliquid L1$8.859b
Cumulative Perp Volume$5.168t
Hyperliquid L1$5.168t
Liquidation Volume 30d$2.344b
Liquidation Volume 30d by chain
Hyperliquid L1$2.344b
Liquidation Volume 7d$904.43m
Hyperliquid L1$904.43m
Liquidation Volume 24h$26.25m
Hyperliquid L1$26.25m
Cumulative Liquidation Volume$32.445b
Hyperliquid L1$32.445b
$12.877b
Market Cap$18.008b
$HYPE Price$80.97
$77.339b
$31.421b
$HYPE Volume 24h$1.166b
CEX Volume$330.86m
DEX Volume$818.25m(70.2% of total)
$HYPE Liquidity$363,675
Raydium AMM$363,675
Protocol Information
Hyperliquid is a Layer 1 blockchain best known for perpetual futures and spot trading. Beyond its flagship decentralized exchange (DEX), the ecosystem supports borrowing, lending, RWAs, and a full-fledged EVM.
- Hyperliquid BridgeBridge
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Liquidation Volume: USD value of positions liquidated by the protocol
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Frequently Asked Questions
What is Hyperliquid's TVL?
Hyperliquid currently has $6.633b in total value locked. TVL has increased 8.3% over the past 30 days.
What chains does Hyperliquid operate on?
Hyperliquid operates on 2 chains: Hyperliquid L1 and Arbitrum. Hyperliquid L1 holds the largest share at 95.5%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $63.29m in fees. Of that, $47.41m was protocol revenue. Based on the trailing year, the annualized rate is $959.58m in fees and $721.16m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $80.95. Its circulating market capitalization is $18.014b, ranking it #11. Its fully diluted valuation is $77.361b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 16.2% over the past 7 days and up 43.6% over the past 30 days. Its all-time high is $83.53, reached on Aug 26, 2026. The token is currently 3.1% below that level.
Which protocols are included in Hyperliquid?
Hyperliquid is a parent protocol whose tracked products include Hyperliquid Bridge, Hyperliquid HLP, Hyperliquid Spot Orderbook, and Hyperliquid Perps.
How much trading volume does Hyperliquid process?
Hyperliquid processed $3.324b in DEX volume over the past 30 days.
