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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.004b

TVL by Chain

Hyperliquid L1$5.571b

Arbitrum$432.13m

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

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$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

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.