Key Metrics
Fees (Annualized)$964.34m
Fees 30d$54.99m
Hyperliquid L1$54.99m
Fees 7d$23.01m
Hyperliquid L1$23.01m
Fees 24h$3.1m
Hyperliquid L1$3.1m
Cumulative Fees$1.501b
Hyperliquid L1$1.501b
Revenue (Annualized)$724.71m
Revenue 30d$40.5m
Hyperliquid L1$40.5m
Revenue 7d$18.15m
Hyperliquid L1$18.15m
Revenue 24h$2.4m
Hyperliquid L1$2.4m
Cumulative Revenue$1.213b
Hyperliquid L1$1.213b
Holders Revenue (Annualized)$724.71m
Holders Revenue 30d$40.5m
Hyperliquid L1$40.5m
Holders Revenue 7d$18.15m
Hyperliquid L1$18.15m
Holders Revenue 24h$2.4m
Hyperliquid L1$2.4m
Cumulative Holders Revenue$1.213b
Hyperliquid L1$1.213b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$724.71m
$40.5m
$18.15m
$2.4m
$1.213b
DEX Volume 30d$2.751b
DEX Volume 30d by chain
Hyperliquid L1$2.751b
DEX Volume 7d$1.356b
Hyperliquid L1$1.356b
DEX Volume 24h$204.36m
Hyperliquid L1$204.36m
Cumulative DEX Volume$162.693b
Hyperliquid L1$162.693b
Perp Volume 30d$210.2b
Perp Volume 30d by chain
Hyperliquid L1$210.2b
Perp Volume 7d$76.198b
Hyperliquid L1$76.198b
Perp Volume 24h$12.416b
Hyperliquid L1$12.416b
Cumulative Perp Volume$5.147t
Hyperliquid L1$5.147t
Liquidation Volume 30d$2.334b
Liquidation Volume 30d by chain
Hyperliquid L1$2.334b
Liquidation Volume 7d$1.518b
Hyperliquid L1$1.518b
Liquidation Volume 24h$45.52m
Hyperliquid L1$45.52m
Cumulative Liquidation Volume$32.253b
Hyperliquid L1$32.253b
$13.888b
Market Cap$17.347b
$HYPE Price$78
$74.5b
$30.269b
$HYPE Volume 24h$947.74m
CEX Volume$372.71m
DEX Volume$583.06m(61.52% 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 $6.698b in total value locked. TVL has increased 10% 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 94.7%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $54.99m in fees. Of that, $40.5m was protocol revenue. Based on the trailing year, the annualized rate is $964.34m in fees and $724.71m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $78. Its circulating market capitalization is $17.347b, ranking it #11. Its fully diluted valuation is $74.5b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 31.8% over the past 7 days and up 34% over the past 30 days. Its all-time high is $83.27, reached on Aug 23, 2026. The token is currently 6.3% 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 $2.751b in DEX volume over the past 30 days.
