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Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.054b

TVL by Chain

Hyperliquid L1$5.628b

Arbitrum$426.72m

Key Metrics

Fees (Annualized)$1.015b
Fees 30d$48.3m

Hyperliquid L1$48.3m

Fees 7d$9.57m

Hyperliquid L1$9.57m

Fees 24h$1.63m

Hyperliquid L1$1.63m

Cumulative Fees$1.467b

Hyperliquid L1$1.467b

Revenue (Annualized)$764.98m
Revenue 30d$33.59m

Hyperliquid L1$33.59m

Revenue 7d$6.81m

Hyperliquid L1$6.81m

Revenue 24h$1.13m

Hyperliquid L1$1.13m

Cumulative Revenue$1.188b

Hyperliquid L1$1.188b

Holders Revenue (Annualized)$764.98m
Holders Revenue 30d$33.59m

Hyperliquid L1$33.59m

Holders Revenue 7d$6.81m

Hyperliquid L1$6.81m

Holders Revenue 24h$1.13m

Hyperliquid L1$1.13m

Cumulative Holders Revenue$1.188b

Hyperliquid L1$1.188b

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$764.98m

$33.59m

$6.81m

$1.13m

$1.188b

DEX Volume 30d$2.248b
DEX Volume 30d by chain

Hyperliquid L1$2.248b

DEX Volume 7d$415.39m

Hyperliquid L1$415.39m

DEX Volume 24h$74.07m

Hyperliquid L1$74.07m

Cumulative DEX Volume$160.847b

Hyperliquid L1$160.847b

Perp Volume 30d$198.383b
Perp Volume 30d by chain

Hyperliquid L1$198.383b

Perp Volume 7d$41.178b

Hyperliquid L1$41.178b

Perp Volume 24h$6.859b

Hyperliquid L1$6.859b

Cumulative Perp Volume$5.031t

Hyperliquid L1$5.031t

Liquidation Volume 30d$1.204b
Liquidation Volume 30d by chain

Hyperliquid L1$1.204b

Liquidation Volume 7d$205.82m

Hyperliquid L1$205.82m

Liquidation Volume 24h$25.75m

Hyperliquid L1$25.75m

Cumulative Liquidation Volume$30.563b

Hyperliquid L1$30.563b

$10.767b

Market Cap$12.017b

$HYPE Price$54.02

All Time High$76.87

All Time Low$3.81

View $HYPE token page

$54.013b

$20.963b

$HYPE Volume 24h$324.02m

CEX Volume$120.58m

DEX Volume$205.49m(63.42% 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 $6.054b in total value locked. TVL has increased 3.6% 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 93%.

How much has Hyperliquid generated in fees and revenue?

Over the past 30 days, Hyperliquid generated $48.3m in fees. Of that, $33.59m was protocol revenue. Based on the trailing year, the annualized rate is $1.015b in fees and $764.98m in revenue.

What is the HYPE token price and valuation?

HYPE is currently trading at $54.33. Its circulating market capitalization is $12.089b, ranking it #11. Its fully diluted valuation is $54.337b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.

How has HYPE performed recently?

HYPE is up 3% over the past 7 days and down 19.5% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 29.3% 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 $2.248b in DEX volume over the past 30 days.