Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.843b

TVL by Chain

Hyperliquid L1$4.054b

Arbitrum$1.789b

Key Metrics

Fees (Annualized)$1.058b
Fees 30d$75.37m

Hyperliquid L1$75.37m

Fees 7d$27.67m

Hyperliquid L1$27.67m

Fees 24h$6.61m

Hyperliquid L1$6.61m

Cumulative Fees$1.337b

Hyperliquid L1$1.337b

Revenue (Annualized)$881.48m
Revenue 30d$60.09m

Hyperliquid L1$60.09m

Revenue 7d$22.51m

Hyperliquid L1$22.51m

Revenue 24h$5.36m

Hyperliquid L1$5.36m

Cumulative Revenue$1.144b

Hyperliquid L1$1.144b

Holders Revenue (Annualized)$881.48m
Holders Revenue 30d$60.09m

Hyperliquid L1$60.09m

Holders Revenue 7d$22.51m

Hyperliquid L1$22.51m

Holders Revenue 24h$5.36m

Hyperliquid L1$5.36m

Cumulative Holders Revenue$1.144b

Hyperliquid L1$1.144b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$881.48m

Earnings 30d$60.09m

Earnings 7d$22.51m

Earnings 24h$5.36m

Cumulative Earnings$1.144b

DEX Volume 30d$6.124b
DEX Volume 30d by chain

Hyperliquid L1$6.124b

DEX Volume 7d$2.343b

Hyperliquid L1$2.343b

DEX Volume 24h$479.09m

Hyperliquid L1$479.09m

Cumulative DEX Volume$154.096b

Hyperliquid L1$154.096b

Perp Volume 30d$222.453b
Perp Volume 30d by chain

Hyperliquid L1$222.453b

Perp Volume 7d$77.535b

Hyperliquid L1$77.535b

Perp Volume 24h$19.465b

Hyperliquid L1$19.465b

Cumulative Perp Volume$4.61t

Hyperliquid L1$4.61t

Open Interest$9.15b

Market Cap$12.766b

$HYPE Price$57.39

All Time High$75.48

All Time Low$3.81

Fully Diluted Valuation$54.823b

Outstanding FDV$22.208b

$HYPE Volume 24h$693.61m

CEX Volume$233.47m

DEX Volume$487.1m(70.23% 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