Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.02b

TVL by Chain

Hyperliquid L1$5.451b

Arbitrum$568.2m

Key Metrics

Fees (Annualized)$1.063b
Fees 30d$80.92m

Hyperliquid L1$80.92m

Fees 7d$15.87m

Hyperliquid L1$15.87m

Fees 24h$3.08m

Hyperliquid L1$3.08m

Cumulative Fees$1.366b

Hyperliquid L1$1.366b

Revenue (Annualized)$880.48m
Revenue 30d$64.25m

Hyperliquid L1$64.25m

Revenue 7d$11.95m

Hyperliquid L1$11.95m

Revenue 24h$2.28m

Hyperliquid L1$2.28m

Cumulative Revenue$1.166b

Hyperliquid L1$1.166b

Holders Revenue (Annualized)$880.48m
Holders Revenue 30d$64.25m

Hyperliquid L1$64.25m

Holders Revenue 7d$11.95m

Hyperliquid L1$11.95m

Holders Revenue 24h$2.28m

Hyperliquid L1$2.28m

Cumulative Holders Revenue$1.166b

Hyperliquid L1$1.166b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$880.48m

Earnings 30d$64.25m

Earnings 7d$11.95m

Earnings 24h$2.28m

Cumulative Earnings$1.166b

DEX Volume 30d$6.625b
DEX Volume 30d by chain

Hyperliquid L1$6.625b

DEX Volume 7d$1.16b

Hyperliquid L1$1.16b

DEX Volume 24h$215.28m

Hyperliquid L1$215.28m

Cumulative DEX Volume$156.1b

Hyperliquid L1$156.1b

Perp Volume 30d$245.512b
Perp Volume 30d by chain

Hyperliquid L1$245.512b

Perp Volume 7d$52.109b

Hyperliquid L1$52.109b

Perp Volume 24h$9.62b

Hyperliquid L1$9.62b

Cumulative Perp Volume$4.706t

Hyperliquid L1$4.706t

Open Interest$9.67b

Market Cap$15.031b

$HYPE Price$67.57

All Time High$76.7

All Time Low$3.81

Fully Diluted Valuation$64.552b

Outstanding FDV$26.161b

$HYPE Volume 24h$1.409b

CEX Volume$470.01m

DEX Volume$929.1m(65.95% of total)

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.

CategoryBridge
WebsiteGitHubTwitter

Methodology

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

Fees:

Hyperliquid HLP - 1% of perp and spot trading revenue (excluding builders and unit revenue) share for HLP.View code on GitHubHyperliquid Perps - Include perps trading fees on crypto and HIP-3 deployed markets + builders fees, excluding all spot fees.View code on GitHubHyperliquid Spot Orderbook - Include spot trading fees and unit protocol fees, excluding perps fees.View code on GitHub

Revenue:

Hyperliquid HLP - No revenue.View code on GitHubHyperliquid Perps - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees.View code on GitHubHyperliquid Spot Orderbook - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees.View code on GitHub

Holders Revenue:

Hyperliquid HLP - Fees going to governance token holdersView code on GitHubHyperliquid Perps - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees.View code on GitHubHyperliquid Spot Orderbook - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees.View code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

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