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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.054b

TVL by Chain

Hyperliquid L1$5.625b

Arbitrum$428.72m

Key Metrics

Fees (Annualized)$1.009b
Fees 30d$46.17m

Hyperliquid L1$46.17m

Fees 7d$9.37m

Hyperliquid L1$9.37m

Fees 24h$842,720

Hyperliquid L1$842,720

Cumulative Fees$1.468b

Hyperliquid L1$1.468b

Revenue (Annualized)$759.93m
Revenue 30d$32.03m

Hyperliquid L1$32.03m

Revenue 7d$6.44m

Hyperliquid L1$6.44m

Revenue 24h$534,851

Hyperliquid L1$534,851

Cumulative Revenue$1.188b

Hyperliquid L1$1.188b

Holders Revenue (Annualized)$759.93m
Holders Revenue 30d$32.03m

Hyperliquid L1$32.03m

Holders Revenue 7d$6.44m

Hyperliquid L1$6.44m

Holders Revenue 24h$534,851

Hyperliquid L1$534,851

Cumulative Holders Revenue$1.188b

Hyperliquid L1$1.188b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$759.93m

$32.03m

$6.44m

$534,851

$1.188b

DEX Volume 30d$2.151b
DEX Volume 30d by chain

Hyperliquid L1$2.151b

DEX Volume 7d$377.34m

Hyperliquid L1$377.34m

DEX Volume 24h$38.73m

Hyperliquid L1$38.73m

Cumulative DEX Volume$160.912b

Hyperliquid L1$160.912b

Perp Volume 30d$187.28b
Perp Volume 30d by chain

Hyperliquid L1$187.28b

Perp Volume 7d$38.909b

Hyperliquid L1$38.909b

Perp Volume 24h$1.735b

Hyperliquid L1$1.735b

Cumulative Perp Volume$5.034t

Hyperliquid L1$5.034t

Liquidation Volume 30d$1.158b
Liquidation Volume 30d by chain

Hyperliquid L1$1.158b

Liquidation Volume 7d$164.38m

Hyperliquid L1$164.38m

Liquidation Volume 24h$3.99m

Hyperliquid L1$3.99m

Cumulative Liquidation Volume$30.571b

Hyperliquid L1$30.571b

$10.672b

Market Cap$12.33b

$HYPE Price$55.43

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$55.421b

$21.51b

$HYPE Volume 24h$248.6m

CEX Volume$112.43m

DEX Volume$142.28m(57.23% of total)

$HYPE Liquidity$363,675

Raydium AMM$363,675

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.

Category:Bridge

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

Competitors

Frequently Asked Questions

What is Hyperliquid?

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.

What is Hyperliquid's TVL?

Hyperliquid currently has $6.054b in total value locked. TVL has increased 1.4% 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 92.9%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $46.17m in fees. Of that, $32.03m was protocol revenue. Based on the trailing year, the annualized rate is $1.009b in fees and $759.93m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $55.3. Its circulating market capitalization is $12.319b, ranking it #11. Its fully diluted valuation is $55.369b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is up 1% over the past 7 days and down 18% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 28.1% 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 $2.151b in DEX volume over the past 30 days.