Key Metrics
Fees 30d$72.94m
Fees 30d by chain
Hyperliquid L1$72.94m
Fees 7d$15.8m
Hyperliquid L1$15.8m
Fees 24h$1.83m
Hyperliquid L1$1.83m
Cumulative Fees$1.54b
Hyperliquid L1$1.54b
Revenue 30d$56.57m
Revenue 30d by chain
Hyperliquid L1$56.57m
Revenue 7d$12.28m
Hyperliquid L1$12.28m
Revenue 24h$1.42m
Hyperliquid L1$1.42m
Cumulative Revenue$1.244b
Hyperliquid L1$1.244b
Holders Revenue 30d$56.57m
Holders Revenue 30d by chain
Hyperliquid L1$56.57m
Holders Revenue 7d$12.28m
Hyperliquid L1$12.28m
Holders Revenue 24h$1.42m
Hyperliquid L1$1.42m
Cumulative Holders Revenue$1.244b
Hyperliquid L1$1.244b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$710.18m
$56.57m
$12.28m
$1.42m
$1.244b
DEX Volume 30d$4.514b
DEX Volume 30d by chain
Hyperliquid L1$4.514b
DEX Volume 7d$1.046b
Hyperliquid L1$1.046b
DEX Volume 24h$124.39m
Hyperliquid L1$124.39m
Cumulative DEX Volume$165.387b
Hyperliquid L1$165.387b
Perp Volume 30d$210.478b
Perp Volume 30d by chain
Hyperliquid L1$210.478b
Perp Volume 7d$45.409b
Hyperliquid L1$45.409b
Perp Volume 24h$4.982b
Hyperliquid L1$4.982b
Cumulative Perp Volume$5.251t
Hyperliquid L1$5.251t
Liquidation Volume 30d$2.354b
Liquidation Volume 30d by chain
Hyperliquid L1$2.354b
Liquidation Volume 7d$297.85m
Hyperliquid L1$297.85m
Liquidation Volume 24h$29.64m
Hyperliquid L1$29.64m
Cumulative Liquidation Volume$32.922b
Hyperliquid L1$32.922b
$14.75b
Market Cap$18.933b
$HYPE Price$85.11
$81.308b
$33.037b
$HYPE Volume 24h$1.12b
CEX Volume$233.5m
DEX Volume$884.72m(78.98% 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.
- 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 $6.892b in total value locked. TVL has increased 14% 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 93.4%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $72.94m in fees. Of that, $56.57m was protocol revenue. Based on the trailing year, the annualized rate is $946.49m in fees and $710.18m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $84.1. Its circulating market capitalization is $18.708b, ranking it #11. Its fully diluted valuation is $80.342b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is down 0.1% over the past 7 days and up 52.7% over the past 30 days. Its all-time high is $89.6, reached on Sep 6, 2026. The token is currently 6.1% 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 $4.514b in DEX volume over the past 30 days.