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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.053b

TVL by Chain

Hyperliquid L1$5.633b

Arbitrum$419.94m

Key Metrics

Fees (Annualized)$1.024b
Fees 30d$50.15m

Hyperliquid L1$50.15m

Fees 7d$12.02m

Hyperliquid L1$12.02m

Fees 24h$641,079

Hyperliquid L1$641,079

Cumulative Fees$1.458b

Hyperliquid L1$1.458b

Revenue (Annualized)$772.99m
Revenue 30d$34.98m

Hyperliquid L1$34.98m

Revenue 7d$8.23m

Hyperliquid L1$8.23m

Revenue 24h$513,764

Hyperliquid L1$513,764

Cumulative Revenue$1.181b

Hyperliquid L1$1.181b

Holders Revenue (Annualized)$772.99m
Holders Revenue 30d$34.98m

Hyperliquid L1$34.98m

Holders Revenue 7d$8.23m

Hyperliquid L1$8.23m

Holders Revenue 24h$513,764

Hyperliquid L1$513,764

Cumulative Holders Revenue$1.181b

Hyperliquid L1$1.181b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$772.99m

$34.98m

$8.23m

$513,764

$1.181b

DEX Volume 30d$2.455b
DEX Volume 30d by chain

Hyperliquid L1$2.455b

DEX Volume 7d$533.31m

Hyperliquid L1$533.31m

DEX Volume 24h$44.28m

Hyperliquid L1$44.28m

Cumulative DEX Volume$160.476b

Hyperliquid L1$160.476b

Perp Volume 30d$192.493b
Perp Volume 30d by chain

Hyperliquid L1$192.493b

Perp Volume 7d$55.147b

Hyperliquid L1$55.147b

Perp Volume 24h$1.869b

Hyperliquid L1$1.869b

Cumulative Perp Volume$4.992t

Hyperliquid L1$4.992t

Liquidation Volume 30d$1.255b
Liquidation Volume 30d by chain

Hyperliquid L1$1.255b

Liquidation Volume 7d$466.19m

Hyperliquid L1$466.19m

Liquidation Volume 24h$27.95m

Hyperliquid L1$27.95m

Cumulative Liquidation Volume$30.385b

Hyperliquid L1$30.385b

$10.173b

Market Cap$11.442b

$HYPE Price$51.4

All Time High$76.7

All Time Low$3.81

View $HYPE token page

$49.14b

$19.924b

$HYPE Volume 24h$228.2m

CEX Volume$84.7m

DEX Volume$156.24m(68.46% 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.

Category:Bridge

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

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

Competitors

Frequently Asked Questions

What is Hyperliquid?

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.

What is Hyperliquid's TVL?

Hyperliquid currently has $6.053b in total value locked. TVL has increased 5% 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 93.1%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $50.15m in fees. Of that, $34.98m was protocol revenue. Based on the trailing year, the annualized rate is $1.024b in fees and $772.99m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $51.26. Its circulating market capitalization is $11.403b, ranking it #11. Its fully diluted valuation is $48.972b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is down 12.5% over the past 7 days and down 26% over the past 30 days. Its all-time high is $76.7, reached on Jun 16, 2026. The token is currently 33.2% 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 $2.455b in DEX volume over the past 30 days.