Ask about Hyperliquid · freeTotal Value Locked$7.555b
TVL by Chain
Hyperliquid L1$7.435b
Arbitrum$119.61m
Key Metrics
Fees 30d$90.51m
Fees 30d by chain
Hyperliquid L1$90.51m
Fees 7d$20.34m
Hyperliquid L1$20.34m
Fees 24h$4.37m
Hyperliquid L1$4.37m
Cumulative Fees$1.754b
Hyperliquid L1$1.754b
Revenue 30d$69.33m
Revenue 30d by chain
Hyperliquid L1$69.33m
Revenue 7d$15.52m
Hyperliquid L1$15.52m
Revenue 24h$3.29m
Hyperliquid L1$3.29m
Cumulative Revenue$1.415b
Hyperliquid L1$1.415b
Holders Revenue 30d$69.33m
Holders Revenue 30d by chain
Hyperliquid L1$69.33m
Holders Revenue 7d$15.52m
Hyperliquid L1$15.52m
Holders Revenue 24h$3.29m
Hyperliquid L1$3.29m
Cumulative Holders Revenue$1.415b
Hyperliquid L1$1.415b
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$679.34m
Earnings 30d$69.33m
Earnings 7d$15.52m
Earnings 24h$3.29m
Cumulative Earnings$1.415b
DEX Volume 30d$4.526b
DEX Volume 30d by chain
Hyperliquid L1$4.526b
DEX Volume 7d$1.052b
Hyperliquid L1$1.052b
DEX Volume 24h$243.36m
Hyperliquid L1$243.36m
Cumulative DEX Volume$175.646b
Hyperliquid L1$175.646b
DEX Notional Volume 30d$308.22m
DEX Notional Volume 30d by chain
Hyperliquid L1$308.22m
DEX Notional Volume 7d$108.23m
Hyperliquid L1$108.23m
DEX Notional Volume 24h$18.75m
Hyperliquid L1$18.75m
Cumulative DEX Notional Volume$868.77m
Hyperliquid L1$868.77m
Perp Volume 30d$261.432b
Perp Volume 30d by chain
Hyperliquid L1$261.432b
Perp Volume 7d$61.58b
Hyperliquid L1$61.58b
Perp Volume 24h$12.939b
Hyperliquid L1$12.939b
Cumulative Perp Volume$5.771t
Hyperliquid L1$5.771t
Bridge Volume 30d$2.022b
Bridge Volume 30d by chain
Hyperliquid L1$1.15b
Arbitrum$872.25m
Bridge Volume 7d$412.77m
Hyperliquid L1$245.41m
Arbitrum$167.36m
Bridge Volume 24h$58.55m
Arbitrum$30.23m
Hyperliquid L1$28.32m
Liquidation Volume 30d$3.12b
Liquidation Volume 30d by chain
Hyperliquid L1$3.12b
Liquidation Volume 7d$1.16b
Hyperliquid L1$1.16b
Liquidation Volume 24h$314.42m
Hyperliquid L1$314.42m
Cumulative Liquidation Volume$37.947b
Hyperliquid L1$37.947b
Open Interest$6.505b
Market Cap$16.355b
$HYPE Price$68.80
Fully Diluted Valuation$65.349b
Outstanding FDV$26.878b
$HYPE Volume 24h$1.126b
CEX Volume$382.5m
DEX Volume$726.83m(64.57% of total)
Active Loans$429.74m
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 EarnLending
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
- Hyperliquid OutcomesPrediction Market
Will Hyperliquid’s revenue increase this week?
Quotes fetched just now.
Daily revenue, UTC · Revenue rose week over week in 2 of the last 4 weeks
Market details
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
Notional Volume: Notional volume of all trades on protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Bridge Volume: Value of assets sent through the bridge, counted once on the chain they leave from
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
Latest from DefiLlama Research
Visit DefiLlama Research
Yields
Pools Tracked6
Average Supply APY4.54%
Largest Pools by TVL
HYPEHyperliquid L1$1.054b
USDCHyperliquid L1$638.26m
UBTCHyperliquid L1$181.89m
USDCHyperliquid L1$150.78m
USD₮0Hyperliquid L1$3.51m
Hyperliquid history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jun 9, 2023 to Nov 14, 2026.
All-time high TVL: $9.069b on Sep 24, 2026. All-time low TVL: $2.8m on Jul 10, 2023.
Daily TVL, Oct 16, 2026 to Nov 14, 2026
| Date | TVL |
|---|---|
| Oct 16, 2026 | $8.456b |
| Oct 17, 2026 | $8.342b |
| Oct 18, 2026 | $8.321b |
| Oct 19, 2026 | $8.392b |
| Oct 20, 2026 | $8.295b |
| Oct 21, 2026 | $8.347b |
| Oct 22, 2026 | $8.42b |
| Oct 23, 2026 | $8.32b |
| Oct 24, 2026 | $8.3b |
| Oct 25, 2026 | $8.202b |
| Oct 26, 2026 | $8.194b |
| Oct 27, 2026 | $8.167b |
| Oct 28, 2026 | $8.257b |
| Oct 29, 2026 | $8.241b |
| Oct 30, 2026 | $8.383b |
| Oct 31, 2026 | $8.291b |
| Nov 1, 2026 | $8.155b |
| Nov 2, 2026 | $8.153b |
| Nov 3, 2026 | $8.124b |
| Nov 4, 2026 | $8.061b |
| Nov 5, 2026 | $8.189b |
| Nov 6, 2026 | $8.059b |
| Nov 7, 2026 | $8.108b |
| Nov 8, 2026 | $8.062b |
| Nov 9, 2026 | $7.951b |
| Nov 10, 2026 | $7.824b |
| Nov 11, 2026 | $7.735b |
| Nov 12, 2026 | $7.712b |
| Nov 13, 2026 | $7.738b |
| Nov 14, 2026 | $7.741b |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $2.036b |
| Jan 31, 2025 | $2.417b |
| Feb 28, 2025 | $2.633b |
| Mar 31, 2025 | $2.079b |
| Apr 30, 2025 | $2.308b |
| May 31, 2025 | $3.552b |
| Jun 30, 2025 | $3.71b |
| Jul 31, 2025 | $4.913b |
| Aug 31, 2025 | $5.764b |
| Sep 30, 2025 | $5.839b |
| Oct 31, 2025 | $4.887b |
| Nov 30, 2025 | $4.382b |
| Dec 31, 2025 | $4.149b |
| Jan 31, 2026 | $4.573b |
| Feb 28, 2026 | $4.232b |
| Mar 31, 2026 | $4.899b |
| Apr 30, 2026 | $4.714b |
| May 31, 2026 | $5.561b |
| Jun 30, 2026 | $5.724b |
| Jul 31, 2026 | $6.131b |
| Aug 31, 2026 | $6.723b |
| Sep 30, 2026 | $8.827b |
| Oct 31, 2026 | $8.291b |
| Nov 14, 2026 (latest) | $7.741b |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $57.25m |
| Dec 31, 2024 | $2.036b |
| Dec 31, 2025 | $4.149b |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $11.12m | $10.51m | $10.51m |
| Jan 2025 | $52.17m | $49.13m | $49.13m |
| Feb 2025 | $46.59m | $44.21m | $44.21m |
| Mar 2025 | $40.93m | $38.69m | $38.69m |
| Apr 2025 | $44.24m | $41.66m | $41.66m |
| May 2025 | $72.98m | $68.73m | $68.73m |
| Jun 2025 | $63.14m | $59.46m | $59.46m |
| Jul 2025 | $96.41m | $90.79m | $90.79m |
| Aug 2025 | $144.97m | $113.86m | $113.86m |
| Sep 2025 | $115.28m | $85.2m | $85.2m |
| Oct 2025 | $124.84m | $97.2m | $97.2m |
| Nov 2025 | $101.38m | $77.65m | $77.65m |
| Dec 2025 | $68.75m | $51.21m | $51.21m |
| Jan 2026 | $77.29m | $59.84m | $59.84m |
| Feb 2026 | $70.7m | $54m | $54m |
| Mar 2026 | $69.49m | $51.51m | $51.51m |
| Apr 2026 | $58.67m | $42.36m | $42.36m |
| May 2026 | $62.18m | $46.33m | $46.33m |
| Jun 2026 | $80.98m | $59.96m | $59.96m |
| Jul 2026 | $55.14m | $38.42m | $38.42m |
| Aug 2026 | $77.77m | $61.36m | $61.36m |
| Sep 2026 | $91.33m | $74.19m | $74.19m |
| Oct 2026 | $87.95m | $69.13m | $69.13m |
| Nov 2026 (to date) | $39.26m | $29.73m | $29.73m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperliquid
Frequently asked questions
What is Hyperliquid's TVL?
As of Nov 14, 2026, Hyperliquid has $7.555b in total value locked. TVL has decreased 10.3% 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 98.4%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $90.51m in fees. Of that, $69.33m was protocol revenue. Based on the trailing year, the annualized rate is $893.4m in fees and $679.34m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $69.07. Its circulating market capitalization is $16.42b, ranking it #11. Its fully diluted valuation is $65.608b. Supply currently stands at 237.73m circulating, 949.86m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is down 15.1% over the past 7 days and down 15.1% over the past 30 days. Its all-time high is $97.96, reached on Sep 23, 2026. The token is currently 29.5% below that level.
Which protocols are included in Hyperliquid?
Hyperliquid is a parent protocol whose tracked products include Hyperliquid Bridge, Hyperliquid Earn, Hyperliquid HLP, Hyperliquid Spot Orderbook, and Hyperliquid Perps and 1 others.
How much has been borrowed through Hyperliquid?
As of Nov 14, 2026, Hyperliquid has $429.74m in active loans.