Key Metrics
Fees (Annualized)$993.2m
Fees 30d$45.54m
Hyperliquid L1$45.54m
Fees 7d$8.93m
Hyperliquid L1$8.93m
Fees 24h$1.64m
Hyperliquid L1$1.64m
Cumulative Fees$1.474b
Hyperliquid L1$1.474b
Revenue (Annualized)$746.77m
Revenue 30d$31.64m
Hyperliquid L1$31.64m
Revenue 7d$6.23m
Hyperliquid L1$6.23m
Revenue 24h$1.16m
Hyperliquid L1$1.16m
Cumulative Revenue$1.193b
Hyperliquid L1$1.193b
Holders Revenue (Annualized)$746.77m
Holders Revenue 30d$31.64m
Hyperliquid L1$31.64m
Holders Revenue 7d$6.23m
Hyperliquid L1$6.23m
Holders Revenue 24h$1.16m
Hyperliquid L1$1.16m
Cumulative Holders Revenue$1.193b
Hyperliquid L1$1.193b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$746.77m
$31.64m
$6.23m
$1.16m
$1.193b
DEX Volume 30d$2.07b
DEX Volume 30d by chain
Hyperliquid L1$2.07b
DEX Volume 7d$382.09m
Hyperliquid L1$382.09m
DEX Volume 24h$60.59m
Hyperliquid L1$60.59m
Cumulative DEX Volume$161.155b
Hyperliquid L1$161.155b
Perp Volume 30d$187.505b
Perp Volume 30d by chain
Hyperliquid L1$187.505b
Perp Volume 7d$33.018b
Hyperliquid L1$33.018b
Perp Volume 24h$6.661b
Hyperliquid L1$6.661b
Cumulative Perp Volume$5.057t
Hyperliquid L1$5.057t
Liquidation Volume 30d$1.094b
Liquidation Volume 30d by chain
Hyperliquid L1$1.094b
Liquidation Volume 7d$132.76m
Hyperliquid L1$132.76m
Liquidation Volume 24h$23.77m
Hyperliquid L1$23.77m
Cumulative Liquidation Volume$30.67b
Hyperliquid L1$30.67b
$11.401b
Market Cap$12.675b
$HYPE Price$56.98
$56.973b
$22.112b
$HYPE Volume 24h$291.65m
CEX Volume$126.66m
DEX Volume$171.43m(58.78% 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
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
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 $6.004b in total value locked. TVL has decreased 0.8% 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 92.8%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $45.54m in fees. Of that, $31.64m was protocol revenue. Based on the trailing year, the annualized rate is $993.2m in fees and $746.77m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $56.98. Its circulating market capitalization is $12.675b, ranking it #11. Its fully diluted valuation is $56.973b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 2.2% over the past 7 days and down 12.3% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 25.9% 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 $2.07b in DEX volume over the past 30 days.

