Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.876b

TVL by Chain

Hyperliquid L1$6.339b

Arbitrum$537.34m

Key Metrics

Fees 30d$83.39m
Fees 30d by chain

Hyperliquid L1$83.39m

Fees 7d$14.8m

Hyperliquid L1$14.8m

Fees 24h$2.5m

Hyperliquid L1$2.5m

Cumulative Fees$1.563b

Hyperliquid L1$1.563b

Revenue 30d$65.33m
Revenue 30d by chain

Hyperliquid L1$65.33m

Revenue 7d$11.53m

Hyperliquid L1$11.53m

Revenue 24h$1.94m

Hyperliquid L1$1.94m

Cumulative Revenue$1.262b

Hyperliquid L1$1.262b

Holders Revenue 30d$65.33m
Holders Revenue 30d by chain

Hyperliquid L1$65.33m

Holders Revenue 7d$11.53m

Hyperliquid L1$11.53m

Holders Revenue 24h$1.94m

Hyperliquid L1$1.94m

Cumulative Holders Revenue$1.262b

Hyperliquid L1$1.262b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$696.44m

$65.33m

$11.53m

$1.94m

$1.262b

DEX Volume 30d$5.481b
DEX Volume 30d by chain

Hyperliquid L1$5.481b

DEX Volume 7d$1.032b

Hyperliquid L1$1.032b

DEX Volume 24h$235.5m

Hyperliquid L1$235.5m

Cumulative DEX Volume$166.891b

Hyperliquid L1$166.891b

Perp Volume 30d$240.168b
Perp Volume 30d by chain

Hyperliquid L1$240.168b

Perp Volume 7d$44.73b

Hyperliquid L1$44.73b

Perp Volume 24h$7.181b

Hyperliquid L1$7.181b

Cumulative Perp Volume$5.326t

Hyperliquid L1$5.326t

Liquidation Volume 30d$2.549b
Liquidation Volume 30d by chain

Hyperliquid L1$2.549b

Liquidation Volume 7d$261.96m

Hyperliquid L1$261.96m

Liquidation Volume 24h$35.03m

Hyperliquid L1$35.03m

Cumulative Liquidation Volume$33.338b

Hyperliquid L1$33.338b

$7.135b

Market Cap$19.776b

$HYPE Price$88.93

All Time High$89.6

All Time Low$3.81

View $HYPE token page

$84.931b

$34.52b

$HYPE Volume 24h$1.499b

CEX Volume$437.83m

DEX Volume$1.216b(81.12% 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.

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

Frequently Asked Questions

What is Hyperliquid's TVL?

Hyperliquid currently has $6.876b in total value locked. TVL has increased 14.5% 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 92.2%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $83.39m in fees. Of that, $65.33m was protocol revenue. Based on the trailing year, the annualized rate is $922.69m in fees and $696.44m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $90.8. Its circulating market capitalization is $20.199b, ranking it #12. Its fully diluted valuation is $86.746b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is up 10.8% over the past 7 days and up 52.6% over the past 30 days. Its all-time high is $90.92, reached on Sep 18, 2026. The token is currently 0.1% 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 $5.481b in DEX volume over the past 30 days.