Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.515b

TVL by Chain

Arbitrum$4.025b

Hyperliquid L1$1.489b

Key Metrics

Fees (Annualized)$697.1m
Fees 30d$57.14m

Hyperliquid L1$57.14m

Fees 7d$15.05m

Hyperliquid L1$15.05m

Fees 24h$2.24m

Hyperliquid L1$2.24m

Cumulative Fees$1.292b

Hyperliquid L1$1.292b

Revenue (Annualized)$624.22m
Revenue 30d$51.17m

Hyperliquid L1$51.17m

Revenue 7d$13.59m

Hyperliquid L1$13.59m

Revenue 24h$2.01m

Hyperliquid L1$2.01m

Cumulative Revenue$1.17b

Hyperliquid L1$1.17b

Holders Revenue (Annualized)$624.22m
Holders Revenue 30d$51.17m

Hyperliquid L1$51.17m

Holders Revenue 7d$13.59m

Hyperliquid L1$13.59m

Holders Revenue 24h$2.01m

Hyperliquid L1$2.01m

Cumulative Holders Revenue$1.17b

Hyperliquid L1$1.17b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$624.22m

Earnings 30d$51.17m

Earnings 7d$13.59m

Earnings 24h$2.01m

Cumulative Earnings$1.17b

DEX Volume 30d$3.831b
DEX Volume 30d by chain

Hyperliquid L1$3.831b

DEX Volume 7d$1.436b

Hyperliquid L1$1.436b

DEX Volume 24h$168.42m

Hyperliquid L1$168.42m

Cumulative DEX Volume$150.585b

Hyperliquid L1$150.585b

Perp Volume 30d$177.332b
Perp Volume 30d by chain

Hyperliquid L1$177.332b

Perp Volume 7d$46.145b

Hyperliquid L1$46.145b

Perp Volume 24h$5.949b

Hyperliquid L1$5.949b

Cumulative Perp Volume$4.494t

Hyperliquid L1$4.494t

Open Interest$9.473b

Market Cap$15.258b

$HYPE Price$64

All Time High$64.27

All Time Low$3.81

Fully Diluted Valuation$61.592b

Outstanding FDV$24.745b

$HYPE Volume 24h$1.215b

CEX Volume$483.85m

DEX Volume$740.73m(60.97% of total)

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.

CategoryBridge
WebsiteGitHubTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Hyperliquid HLP - 1% of perp and spot trading revenue (excluding builders and unit revenue) share for HLP.View code on GitHubHyperliquid Perps - Include perps trading fees on crypto and HIP-3 deployed markets + builders fees, excluding all spot fees.View code on GitHubHyperliquid Spot Orderbook - Include spot trading fees and unit protocol fees, excluding perps fees.View code on GitHub

Revenue:

Hyperliquid HLP - No revenue.View code on GitHubHyperliquid Perps - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding builders fees.View code on GitHubHyperliquid Spot Orderbook - 99% of fees go to Assistance Fund for buying HYPE tokens, excluding unit protocol fees.View code on GitHub
Holders Revenue: Fees going to governance token holdersView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

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