Key Metrics
Fees (Annualized)$950.65m
Fees 30d$68.29m
Hyperliquid L1$68.29m
Fees 7d$17.82m
Hyperliquid L1$17.82m
Fees 24h$2.63m
Hyperliquid L1$2.63m
Cumulative Fees$1.527b
Hyperliquid L1$1.527b
Revenue (Annualized)$713.86m
Revenue 30d$52.17m
Hyperliquid L1$52.17m
Revenue 7d$13.9m
Hyperliquid L1$13.9m
Revenue 24h$1.98m
Hyperliquid L1$1.98m
Cumulative Revenue$1.234b
Hyperliquid L1$1.234b
Holders Revenue (Annualized)$713.86m
Holders Revenue 30d$52.17m
Hyperliquid L1$52.17m
Holders Revenue 7d$13.9m
Hyperliquid L1$13.9m
Holders Revenue 24h$1.98m
Hyperliquid L1$1.98m
Cumulative Holders Revenue$1.234b
Hyperliquid L1$1.234b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$713.86m
$52.17m
$13.9m
$1.98m
$1.234b
DEX Volume 30d$3.956b
DEX Volume 30d by chain
Hyperliquid L1$3.956b
DEX Volume 7d$1.324b
Hyperliquid L1$1.324b
DEX Volume 24h$149.28m
Hyperliquid L1$149.28m
Cumulative DEX Volume$164.49b
Hyperliquid L1$164.49b
Perp Volume 30d$210.386b
Perp Volume 30d by chain
Hyperliquid L1$210.386b
Perp Volume 7d$51.445b
Hyperliquid L1$51.445b
Perp Volume 24h$8.145b
Hyperliquid L1$8.145b
Cumulative Perp Volume$5.213t
Hyperliquid L1$5.213t
Liquidation Volume 30d$2.271b
Liquidation Volume 30d by chain
Hyperliquid L1$2.271b
Liquidation Volume 7d$259.15m
Hyperliquid L1$259.15m
Liquidation Volume 24h$54.57m
Hyperliquid L1$54.57m
Cumulative Liquidation Volume$32.678b
Hyperliquid L1$32.678b
$13.771b
Market Cap$18.492b
$HYPE Price$83.15
$79.414b
$32.267b
$HYPE Volume 24h$1.392b
CEX Volume$350.11m
DEX Volume$1.053b(75.66% 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.
- Hyperliquid BridgeBridge
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
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
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
Frequently Asked Questions
What is Hyperliquid's TVL?
Hyperliquid currently has $6.701b in total value locked. TVL has increased 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 94.8%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $68.29m in fees. Of that, $52.17m was protocol revenue. Based on the trailing year, the annualized rate is $950.65m in fees and $713.86m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $83.15. Its circulating market capitalization is $18.492b, ranking it #11. Its fully diluted valuation is $79.414b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 1.9% over the past 7 days and up 60% over the past 30 days. Its all-time high is $86.71, reached on Aug 27, 2026. The token is currently 4.1% 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 $3.956b in DEX volume over the past 30 days.
