Key Metrics
Fees (Annualized)$972.92m
Fees 30d$48.39m
Hyperliquid L1$48.39m
Fees 7d$14.51m
Hyperliquid L1$14.51m
Fees 24h$4.25m
Hyperliquid L1$4.25m
Cumulative Fees$1.489b
Hyperliquid L1$1.489b
Revenue (Annualized)$730.56m
Revenue 30d$34.52m
Hyperliquid L1$34.52m
Revenue 7d$11.15m
Hyperliquid L1$11.15m
Revenue 24h$3.35m
Hyperliquid L1$3.35m
Cumulative Revenue$1.204b
Hyperliquid L1$1.204b
Holders Revenue (Annualized)$730.56m
Holders Revenue 30d$34.52m
Hyperliquid L1$34.52m
Holders Revenue 7d$11.15m
Hyperliquid L1$11.15m
Holders Revenue 24h$3.35m
Hyperliquid L1$3.35m
Cumulative Holders Revenue$1.204b
Hyperliquid L1$1.204b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$730.56m
$34.52m
$11.15m
$3.35m
$1.204b
DEX Volume 30d$2.266b
DEX Volume 30d by chain
Hyperliquid L1$2.266b
DEX Volume 7d$802.37m
Hyperliquid L1$802.37m
DEX Volume 24h$267.15m
Hyperliquid L1$267.15m
Cumulative DEX Volume$161.958b
Hyperliquid L1$161.958b
Perp Volume 30d$189.956b
Perp Volume 30d by chain
Hyperliquid L1$189.956b
Perp Volume 7d$46.974b
Hyperliquid L1$46.974b
Perp Volume 24h$12.19b
Hyperliquid L1$12.19b
Cumulative Perp Volume$5.104t
Hyperliquid L1$5.104t
Liquidation Volume 30d$1.976b
Liquidation Volume 30d by chain
Hyperliquid L1$1.976b
Liquidation Volume 7d$1.102b
Hyperliquid L1$1.102b
Liquidation Volume 24h$230.89m
Hyperliquid L1$230.89m
Cumulative Liquidation Volume$31.772b
Hyperliquid L1$31.772b
$11.94b
Market Cap$16.472b
$HYPE Price$74.04
$74.037b
$28.732b
$HYPE Volume 24h$1.313b
CEX Volume$527.37m
DEX Volume$853.96m(65.02% 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?
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 $6.384b in total value locked. TVL has increased 4.5% 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 91.8%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $48.39m in fees. Of that, $34.52m was protocol revenue. Based on the trailing year, the annualized rate is $972.92m in fees and $730.56m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $72.01. Its circulating market capitalization is $16.021b, ranking it #11. Its fully diluted valuation is $72.009b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 29.5% over the past 7 days and up 21.8% over the past 30 days. Its all-time high is $76.87, reached on Jun 16, 2026. The token is currently 6.3% 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 $2.266b in DEX volume over the past 30 days.
