Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.006b

TVL by Chain

Hyperliquid L1$5.429b

Arbitrum$576.57m

Key Metrics

Fees (Annualized)$1.063b
Fees 30d$82.04m

Hyperliquid L1$82.04m

Fees 7d$16.21m

Hyperliquid L1$16.21m

Fees 24h$2.79m

Hyperliquid L1$2.79m

Cumulative Fees$1.368b

Hyperliquid L1$1.368b

Revenue (Annualized)$880.35m
Revenue 30d$65.13m

Hyperliquid L1$65.13m

Revenue 7d$12.21m

Hyperliquid L1$12.21m

Revenue 24h$2.16m

Hyperliquid L1$2.16m

Cumulative Revenue$1.169b

Hyperliquid L1$1.169b

Holders Revenue (Annualized)$880.35m
Holders Revenue 30d$65.13m

Hyperliquid L1$65.13m

Holders Revenue 7d$12.21m

Hyperliquid L1$12.21m

Holders Revenue 24h$2.16m

Hyperliquid L1$2.16m

Cumulative Holders Revenue$1.169b

Hyperliquid L1$1.169b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$880.35m

Earnings 30d$65.13m

Earnings 7d$12.21m

Earnings 24h$2.16m

Cumulative Earnings$1.169b

DEX Volume 30d$6.706b
DEX Volume 30d by chain

Hyperliquid L1$6.706b

DEX Volume 7d$1.261b

Hyperliquid L1$1.261b

DEX Volume 24h$226.38m

Hyperliquid L1$226.38m

Cumulative DEX Volume$156.326b

Hyperliquid L1$156.326b

Perp Volume 30d$248.813b
Perp Volume 30d by chain

Hyperliquid L1$248.813b

Perp Volume 7d$51.833b

Hyperliquid L1$51.833b

Perp Volume 24h$9.109b

Hyperliquid L1$9.109b

Cumulative Perp Volume$4.715t

Hyperliquid L1$4.715t

Open Interest$9.329b

Market Cap$15.11b

$HYPE Price$67.93

All Time High$76.7

All Time Low$3.81

Fully Diluted Valuation$64.893b

Outstanding FDV$26.301b

$HYPE Volume 24h$1.232b

CEX Volume$395.59m

DEX Volume$810.78m(65.81% 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