Key Metrics
Fees (Annualized)$962.69m
Fees 30d$62.58m
Hyperliquid L1$62.58m
Fees 7d$30.11m
Hyperliquid L1$30.11m
Fees 24h$4.3m
Hyperliquid L1$4.3m
Cumulative Fees$1.509b
Hyperliquid L1$1.509b
Revenue (Annualized)$723.54m
Revenue 30d$46.61m
Hyperliquid L1$46.61m
Revenue 7d$23.91m
Hyperliquid L1$23.91m
Revenue 24h$3.42m
Hyperliquid L1$3.42m
Cumulative Revenue$1.22b
Hyperliquid L1$1.22b
Holders Revenue (Annualized)$723.54m
Holders Revenue 30d$46.61m
Hyperliquid L1$46.61m
Holders Revenue 7d$23.91m
Hyperliquid L1$23.91m
Holders Revenue 24h$3.42m
Hyperliquid L1$3.42m
Cumulative Holders Revenue$1.22b
Hyperliquid L1$1.22b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$723.54m
$46.61m
$23.91m
$3.42m
$1.22b
DEX Volume 30d$3.185b
DEX Volume 30d by chain
Hyperliquid L1$3.185b
DEX Volume 7d$1.756b
Hyperliquid L1$1.756b
DEX Volume 24h$257.81m
Hyperliquid L1$257.81m
Cumulative DEX Volume$163.166b
Hyperliquid L1$163.166b
Perp Volume 30d$219.888b
Perp Volume 30d by chain
Hyperliquid L1$219.888b
Perp Volume 7d$82.433b
Hyperliquid L1$82.433b
Perp Volume 24h$12.427b
Hyperliquid L1$12.427b
Cumulative Perp Volume$5.159t
Hyperliquid L1$5.159t
Liquidation Volume 30d$2.468b
Liquidation Volume 30d by chain
Hyperliquid L1$2.468b
Liquidation Volume 7d$1.63b
Hyperliquid L1$1.63b
Liquidation Volume 24h$105.42m
Hyperliquid L1$105.42m
Cumulative Liquidation Volume$32.419b
Hyperliquid L1$32.419b
$13.384b
Market Cap$18.021b
$HYPE Price$81.08
$77.39b
$31.464b
$HYPE Volume 24h$1.168b
CEX Volume$375.47m
DEX Volume$784.33m(67.15% 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.
- Hyperliquid BridgeBridge
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
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
Frequently Asked Questions
What is Hyperliquid's TVL?
Hyperliquid currently has $6.605b in total value locked. TVL has increased 7.7% 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 95.4%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $62.58m in fees. Of that, $46.61m was protocol revenue. Based on the trailing year, the annualized rate is $962.69m in fees and $723.54m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $81.08. Its circulating market capitalization is $18.021b, ranking it #11. Its fully diluted valuation is $77.39b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 30.5% over the past 7 days and up 41.9% over the past 30 days. Its all-time high is $83.53, reached on Aug 26, 2026. The token is currently 2.9% 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 $3.185b in DEX volume over the past 30 days.
