Ask about Hyperliquid · freeTotal Value Locked$8.127b
TVL by Chain
Hyperliquid L1$7.928b
Arbitrum$198.96m
Key Metrics
Fees 30d$85.7m
Fees 30d by chain
Hyperliquid L1$85.7m
Fees 7d$23.04m
Hyperliquid L1$23.04m
Fees 24h$2.68m
Hyperliquid L1$2.68m
Cumulative Fees$1.722b
Hyperliquid L1$1.722b
Revenue 30d$66.87m
Revenue 30d by chain
Hyperliquid L1$66.87m
Revenue 7d$17.58m
Hyperliquid L1$17.58m
Revenue 24h$2.07m
Hyperliquid L1$2.07m
Cumulative Revenue$1.391b
Hyperliquid L1$1.391b
Holders Revenue 30d$66.87m
Holders Revenue 30d by chain
Hyperliquid L1$66.87m
Holders Revenue 7d$17.58m
Hyperliquid L1$17.58m
Holders Revenue 24h$2.07m
Hyperliquid L1$2.07m
Cumulative Holders Revenue$1.391b
Hyperliquid L1$1.391b
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$685.71m
Earnings 30d$66.87m
Earnings 7d$17.58m
Earnings 24h$2.07m
Cumulative Earnings$1.391b
DEX Volume 30d$4.223b
DEX Volume 30d by chain
Hyperliquid L1$4.223b
DEX Volume 7d$1.363b
Hyperliquid L1$1.363b
DEX Volume 24h$159.18m
Hyperliquid L1$159.18m
Cumulative DEX Volume$174.028b
Hyperliquid L1$174.028b
DEX Notional Volume 30d$209.53m
DEX Notional Volume 30d by chain
Hyperliquid L1$209.53m
DEX Notional Volume 7d$74.88m
Hyperliquid L1$74.88m
DEX Notional Volume 24h$9.06m
Hyperliquid L1$9.06m
Cumulative DEX Notional Volume$728.55m
Hyperliquid L1$728.55m
Perp Volume 30d$228.674b
Perp Volume 30d by chain
Hyperliquid L1$228.674b
Perp Volume 7d$64.009b
Hyperliquid L1$64.009b
Perp Volume 24h$8.198b
Hyperliquid L1$8.198b
Cumulative Perp Volume$5.672t
Hyperliquid L1$5.672t
Bridge Volume 30d$1.653b
Bridge Volume 30d by chain
Hyperliquid L1$919.6m
Arbitrum$733.43m
Bridge Volume 7d$555.57m
Hyperliquid L1$326.83m
Arbitrum$228.74m
Bridge Volume 24h$73.8m
Arbitrum$37.99m
Hyperliquid L1$35.81m
Liquidation Volume 30d$2.178b
Liquidation Volume 30d by chain
Hyperliquid L1$2.178b
Liquidation Volume 7d$666.58m
Hyperliquid L1$666.58m
Liquidation Volume 24h$31.61m
Hyperliquid L1$31.61m
Cumulative Liquidation Volume$36.352b
Hyperliquid L1$36.352b
Open Interest$7.375b
Market Cap$20.766b
$HYPE Price$86.74
Fully Diluted Valuation$82.536b
Outstanding FDV$33.887b
$HYPE Volume 24h$1.39b
CEX Volume$398.2m
DEX Volume$983.03m(70.7% of total)
Active Loans$487.83m
Hyperliquid November revenue exceeds $70M?
Quotes fetched just now.
Revenue so far: completed UTC days from Nov 1, 2026 00:00 UTC to Nov 4, 2026 00:00 UTC
Market details
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
Latest from DefiLlama Research
Visit DefiLlama Research
Yields
Pools Tracked6
Average Supply APY0.96%
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
Hyperliquid history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jun 9, 2023 to Nov 4, 2026.
All-time high TVL: $9.069b on Sep 24, 2026. All-time low TVL: $2.8m on Jul 10, 2023.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| Oct 6, 2026 | $8.913b |
| Oct 7, 2026 | $8.907b |
| Oct 8, 2026 | $8.769b |
| Oct 9, 2026 | $8.548b |
| Oct 10, 2026 | $8.577b |
| Oct 11, 2026 | $8.629b |
| Oct 12, 2026 | $8.635b |
| Oct 13, 2026 | $8.557b |
| Oct 14, 2026 | $8.511b |
| Oct 15, 2026 | $8.421b |
| 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 |
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 4, 2026 (latest) | $8.061b |
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) | $7.42m | $5.69m | $5.69m |
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 4, 2026, Hyperliquid has $8.127b in total value locked. TVL has decreased 7.9% 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 97.6%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $85.7m in fees. Of that, $66.87m was protocol revenue. Based on the trailing year, the annualized rate is $901.05m in fees and $685.71m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $84.35. Its circulating market capitalization is $20.193b, ranking it #12. Its fully diluted valuation is $80.26b. Supply currently stands at 239.41m circulating, 951.54m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 4.1% over the past 7 days and down 9.4% over the past 30 days. Its all-time high is $97.96, reached on Sep 23, 2026. The token is currently 13.9% 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 4, 2026, Hyperliquid has $487.83m in active loans.