Key Metrics
Fees 30d$74.45m
Fees 30d by chain
Hyperliquid L1$74.45m
Fees 7d$15.53m
Hyperliquid L1$15.53m
Fees 24h$2.35m
Hyperliquid L1$2.35m
Cumulative Fees$1.543b
Hyperliquid L1$1.543b
Revenue 30d$57.83m
Revenue 30d by chain
Hyperliquid L1$57.83m
Revenue 7d$12.1m
Hyperliquid L1$12.1m
Revenue 24h$1.8m
Hyperliquid L1$1.8m
Cumulative Revenue$1.246b
Hyperliquid L1$1.246b
Holders Revenue 30d$57.83m
Holders Revenue 30d by chain
Hyperliquid L1$57.83m
Holders Revenue 7d$12.1m
Hyperliquid L1$12.1m
Holders Revenue 24h$1.8m
Hyperliquid L1$1.8m
Cumulative Holders Revenue$1.246b
Hyperliquid L1$1.246b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$709.17m
$57.83m
$12.1m
$1.8m
$1.246b
DEX Volume 30d$4.624b
DEX Volume 30d by chain
Hyperliquid L1$4.624b
DEX Volume 7d$1.045b
Hyperliquid L1$1.045b
DEX Volume 24h$148.13m
Hyperliquid L1$148.13m
Cumulative DEX Volume$165.535b
Hyperliquid L1$165.535b
Perp Volume 30d$216.821b
Perp Volume 30d by chain
Hyperliquid L1$216.821b
Perp Volume 7d$45.343b
Hyperliquid L1$45.343b
Perp Volume 24h$8.079b
Hyperliquid L1$8.079b
Cumulative Perp Volume$5.259t
Hyperliquid L1$5.259t
Liquidation Volume 30d$2.392b
Liquidation Volume 30d by chain
Hyperliquid L1$2.392b
Liquidation Volume 7d$284.53m
Hyperliquid L1$284.53m
Liquidation Volume 24h$41.26m
Hyperliquid L1$41.26m
Cumulative Liquidation Volume$32.963b
Hyperliquid L1$32.963b
$14.694b
Market Cap$19.134b
$HYPE Price$86
$82.172b
$33.383b
$HYPE Volume 24h$1.065b
CEX Volume$265.42m
DEX Volume$795.56m(74.7% 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.
- 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 $6.844b in total value locked. TVL has increased 13.3% 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 93%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $74.45m in fees. Of that, $57.83m was protocol revenue. Based on the trailing year, the annualized rate is $945.23m in fees and $709.17m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $86.87. Its circulating market capitalization is $19.329b, ranking it #11. Its fully diluted valuation is $83.01b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 6.1% over the past 7 days and up 58.4% over the past 30 days. Its all-time high is $89.6, reached on Sep 6, 2026. The token is currently 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 $4.624b in DEX volume over the past 30 days.