Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.731b

TVL by Chain

Hyperliquid L1$5.409b

Arbitrum$322.36m

Key Metrics

Fees (Annualized)$1.072b
Fees 30d$80.21m

Hyperliquid L1$80.21m

Fees 7d$15.02m

Hyperliquid L1$15.02m

Fees 24h$2.9m

Hyperliquid L1$2.9m

Cumulative Fees$1.405b

Hyperliquid L1$1.405b

Revenue (Annualized)$830.2m
Revenue 30d$59.28m

Hyperliquid L1$59.28m

Revenue 7d$10.8m

Hyperliquid L1$10.8m

Revenue 24h$2.06m

Hyperliquid L1$2.06m

Cumulative Revenue$1.144b

Hyperliquid L1$1.144b

Holders Revenue (Annualized)$830.2m
Holders Revenue 30d$59.28m

Hyperliquid L1$59.28m

Holders Revenue 7d$10.8m

Hyperliquid L1$10.8m

Holders Revenue 24h$2.06m

Hyperliquid L1$2.06m

Cumulative Holders Revenue$1.144b

Hyperliquid L1$1.144b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$830.2m

Earnings 30d$59.28m

Earnings 7d$10.8m

Earnings 24h$2.06m

Cumulative Earnings$1.144b

DEX Volume 30d$5.474b
DEX Volume 30d by chain

Hyperliquid L1$5.474b

DEX Volume 7d$879.71m

Hyperliquid L1$879.71m

DEX Volume 24h$144.04m

Hyperliquid L1$144.04m

Cumulative DEX Volume$157.909b

Hyperliquid L1$157.909b

Perp Volume 30d$249.227b
Perp Volume 30d by chain

Hyperliquid L1$249.227b

Perp Volume 7d$46.082b

Hyperliquid L1$46.082b

Perp Volume 24h$9.012b

Hyperliquid L1$9.012b

Cumulative Perp Volume$4.799t

Hyperliquid L1$4.799t

Open Interest$9.319b

Market Cap$14.028b

$HYPE Price$63.09

All Time High$76.7

All Time Low$3.81

Fully Diluted Valuation$60.244b

Outstanding FDV$24.427b

$HYPE Volume 24h$575.56m

CEX Volume$207.85m

DEX Volume$358.72m(62.33% 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:

Hyperliquid HLP - Fees going to governance token holdersView 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

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