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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.07b

TVL by Chain

Hyperliquid L1$5.642b

Arbitrum$428.19m

Key Metrics

Fees (Annualized)$1.019b
Fees 30d$49.3m

Hyperliquid L1$49.3m

Fees 7d$10.02m

Hyperliquid L1$10.02m

Fees 24h$1.65m

Hyperliquid L1$1.65m

Cumulative Fees$1.464b

Hyperliquid L1$1.464b

Revenue (Annualized)$767.9m
Revenue 30d$34.3m

Hyperliquid L1$34.3m

Revenue 7d$7.18m

Hyperliquid L1$7.18m

Revenue 24h$1.15m

Hyperliquid L1$1.15m

Cumulative Revenue$1.185b

Hyperliquid L1$1.185b

Holders Revenue (Annualized)$767.9m
Holders Revenue 30d$34.3m

Hyperliquid L1$34.3m

Holders Revenue 7d$7.18m

Hyperliquid L1$7.18m

Holders Revenue 24h$1.15m

Hyperliquid L1$1.15m

Cumulative Holders Revenue$1.185b

Hyperliquid L1$1.185b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$767.9m

$34.3m

$7.18m

$1.15m

$1.185b

DEX Volume 30d$2.345b
DEX Volume 30d by chain

Hyperliquid L1$2.345b

DEX Volume 7d$463.52m

Hyperliquid L1$463.52m

DEX Volume 24h$78.9m

Hyperliquid L1$78.9m

Cumulative DEX Volume$160.721b

Hyperliquid L1$160.721b

Perp Volume 30d$199.876b
Perp Volume 30d by chain

Hyperliquid L1$199.876b

Perp Volume 7d$46.892b

Hyperliquid L1$46.892b

Perp Volume 24h$7.122b

Hyperliquid L1$7.122b

Cumulative Perp Volume$5.018t

Hyperliquid L1$5.018t

Liquidation Volume 30d$1.244b
Liquidation Volume 30d by chain

Hyperliquid L1$1.244b

Liquidation Volume 7d$250.14m

Hyperliquid L1$250.14m

Liquidation Volume 24h$31.23m

Hyperliquid L1$31.23m

Cumulative Liquidation Volume$30.521b

Hyperliquid L1$30.521b

$10.893b

Market Cap$12.404b

$HYPE Price$55.76

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$55.751b

$21.614b

$HYPE Volume 24h$264.05m

CEX Volume$96.55m

DEX Volume$172.67m(65.39% 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 $6.07b in total value locked. TVL has increased 3.7% 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 92.9%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $49.3m in fees. Of that, $34.3m was protocol revenue. Based on the trailing year, the annualized rate is $1.019b in fees and $767.9m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $56.25. Its circulating market capitalization is $12.513b, ranking it #11. Its fully diluted valuation is $56.244b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is up 3.3% over the past 7 days and down 21.9% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 26.8% 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 $2.345b in DEX volume over the past 30 days.