Ask about Hyperliquid · freeTotal Value Locked$7.717b
TVL by Chain
Hyperliquid L1$7.599b
Arbitrum$118.04m
Key Metrics
Fees 30d$88.23m
Fees 30d by chain
Hyperliquid L1$88.23m
Fees 7d$21.1m
Hyperliquid L1$21.1m
Fees 24h$3.38m
Hyperliquid L1$3.38m
Cumulative Fees$1.74b
Hyperliquid L1$1.74b
Revenue 30d$68.17m
Revenue 30d by chain
Hyperliquid L1$68.17m
Revenue 7d$16.06m
Hyperliquid L1$16.06m
Revenue 24h$2.53m
Hyperliquid L1$2.53m
Cumulative Revenue$1.405b
Hyperliquid L1$1.405b
Holders Revenue 30d$68.17m
Holders Revenue 30d by chain
Hyperliquid L1$68.17m
Holders Revenue 7d$16.06m
Hyperliquid L1$16.06m
Holders Revenue 24h$2.53m
Hyperliquid L1$2.53m
Cumulative Holders Revenue$1.405b
Hyperliquid L1$1.405b
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$681.19m
Earnings 30d$68.17m
Earnings 7d$16.06m
Earnings 24h$2.53m
Cumulative Earnings$1.405b
DEX Volume 30d$4.422b
DEX Volume 30d by chain
Hyperliquid L1$4.422b
DEX Volume 7d$1.103b
Hyperliquid L1$1.103b
DEX Volume 24h$189.75m
Hyperliquid L1$189.75m
Cumulative DEX Volume$174.972b
Hyperliquid L1$174.972b
DEX Notional Volume 30d$272.85m
DEX Notional Volume 30d by chain
Hyperliquid L1$272.85m
DEX Notional Volume 7d$84.94m
Hyperliquid L1$84.94m
DEX Notional Volume 24h$18.35m
Hyperliquid L1$18.35m
Cumulative DEX Notional Volume$804.44m
Hyperliquid L1$804.44m
Perp Volume 30d$248.409b
Perp Volume 30d by chain
Hyperliquid L1$248.409b
Perp Volume 7d$66.576b
Hyperliquid L1$66.576b
Perp Volume 24h$11.909b
Hyperliquid L1$11.909b
Cumulative Perp Volume$5.729t
Hyperliquid L1$5.729t
Bridge Volume 30d$1.92b
Bridge Volume 30d by chain
Hyperliquid L1$1.099b
Arbitrum$820.84m
Bridge Volume 7d$587.34m
Hyperliquid L1$337.79m
Arbitrum$249.55m
Bridge Volume 24h$43.44m
Hyperliquid L1$24.91m
Arbitrum$18.53m
Liquidation Volume 30d$2.608b
Liquidation Volume 30d by chain
Hyperliquid L1$2.608b
Liquidation Volume 7d$871.21m
Hyperliquid L1$871.21m
Liquidation Volume 24h$50.75m
Hyperliquid L1$50.75m
Cumulative Liquidation Volume$37.192b
Hyperliquid L1$37.192b
Open Interest$7.039b
Market Cap$17.26b
$HYPE Price$72.09
Fully Diluted Valuation$68.602b
Outstanding FDV$28.164b
$HYPE Volume 24h$1.23b
CEX Volume$388.25m
DEX Volume$826.42m(67.21% of total)
Active Loans$431.5m
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
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Yields
Pools Tracked6
Average Supply APY5.25%
Hyperliquid history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jun 9, 2023 to Nov 10, 2026.
All-time high TVL: $9.069b on Sep 24, 2026. All-time low TVL: $2.8m on Jul 10, 2023.
Daily TVL, Oct 12, 2026 to Nov 10, 2026
| Date | TVL |
|---|---|
| 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 |
| 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 |
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 10, 2026 (latest) | $7.824b |
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) | $25.84m | $19.68m | $19.68m |
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 10, 2026, Hyperliquid has $7.717b in total value locked. TVL has decreased 10.6% 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 98.5%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $88.23m in fees. Of that, $68.17m was protocol revenue. Based on the trailing year, the annualized rate is $895.45m in fees and $681.19m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $72.09. Its circulating market capitalization is $17.26b, ranking it #12. Its fully diluted valuation is $68.602b. Supply currently stands at 239.41m circulating, 951.54m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is down 17.1% over the past 7 days and down 17.6% over the past 30 days. Its all-time high is $97.96, reached on Sep 23, 2026. The token is currently 26.4% 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 10, 2026, Hyperliquid has $431.5m in active loans.