Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.339b

TVL by Chain

Arbitrum$3.905b

Hyperliquid L1$1.434b

Key Metrics

Fees (Annualized)$693.21m
Fees 30d$56.82m

Hyperliquid L1$56.82m

Fees 7d$14.19m

Hyperliquid L1$14.19m

Fees 24h$2.1m

Hyperliquid L1$2.1m

Cumulative Fees$1.285b

Hyperliquid L1$1.285b

Revenue (Annualized)$620.31m
Revenue 30d$50.85m

Hyperliquid L1$50.85m

Revenue 7d$12.8m

Hyperliquid L1$12.8m

Revenue 24h$1.9m

Hyperliquid L1$1.9m

Cumulative Revenue$1.164b

Hyperliquid L1$1.164b

Holders Revenue (Annualized)$620.31m
Holders Revenue 30d$50.85m

Hyperliquid L1$50.85m

Holders Revenue 7d$12.8m

Hyperliquid L1$12.8m

Holders Revenue 24h$1.9m

Hyperliquid L1$1.9m

Cumulative Holders Revenue$1.164b

Hyperliquid L1$1.164b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$620.31m

Earnings 30d$50.85m

Earnings 7d$12.8m

Earnings 24h$1.9m

Cumulative Earnings$1.164b

DEX Volume 30d$3.432b
DEX Volume 30d by chain

Hyperliquid L1$3.432b

DEX Volume 7d$1.201b

Hyperliquid L1$1.201b

DEX Volume 24h$200.44m

Hyperliquid L1$200.44m

Cumulative DEX Volume$149.821b

Hyperliquid L1$149.821b

Perp Volume 30d$178.007b
Perp Volume 30d by chain

Hyperliquid L1$178.007b

Perp Volume 7d$44.44b

Hyperliquid L1$44.44b

Perp Volume 24h$7.116b

Hyperliquid L1$7.116b

Cumulative Perp Volume$4.473t

Hyperliquid L1$4.473t

Open Interest$9.426b

Market Cap$13.6b

$HYPE Price$57.07

All Time High$59.3

All Time Low$3.81

Fully Diluted Valuation$54.9b

Outstanding FDV$22.066b

$HYPE Volume 24h$1.371b

CEX Volume$564.87m

DEX Volume$785.61m(57.29% 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