Key Metrics
Fees (Annualized)$952.02m
Fees 30d$66.69m
Hyperliquid L1$66.69m
Fees 7d$19.49m
Hyperliquid L1$19.49m
Fees 24h$2.49m
Hyperliquid L1$2.49m
Cumulative Fees$1.525b
Hyperliquid L1$1.525b
Revenue (Annualized)$715.15m
Revenue 30d$50.97m
Hyperliquid L1$50.97m
Revenue 7d$15.34m
Hyperliquid L1$15.34m
Revenue 24h$1.93m
Hyperliquid L1$1.93m
Cumulative Revenue$1.232b
Hyperliquid L1$1.232b
Holders Revenue (Annualized)$715.15m
Holders Revenue 30d$50.97m
Hyperliquid L1$50.97m
Holders Revenue 7d$15.34m
Hyperliquid L1$15.34m
Holders Revenue 24h$1.93m
Hyperliquid L1$1.93m
Cumulative Holders Revenue$1.232b
Hyperliquid L1$1.232b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$715.15m
$50.97m
$15.34m
$1.93m
$1.232b
DEX Volume 30d$3.865b
DEX Volume 30d by chain
Hyperliquid L1$3.865b
DEX Volume 7d$1.433b
Hyperliquid L1$1.433b
DEX Volume 24h$193.15m
Hyperliquid L1$193.15m
Cumulative DEX Volume$164.341b
Hyperliquid L1$164.341b
Perp Volume 30d$210.779b
Perp Volume 30d by chain
Hyperliquid L1$210.779b
Perp Volume 7d$55.727b
Hyperliquid L1$55.727b
Perp Volume 24h$7.702b
Hyperliquid L1$7.702b
Cumulative Perp Volume$5.202t
Hyperliquid L1$5.202t
Liquidation Volume 30d$2.238b
Liquidation Volume 30d by chain
Hyperliquid L1$2.238b
Liquidation Volume 7d$310m
Hyperliquid L1$310m
Liquidation Volume 24h$19.99m
Hyperliquid L1$19.99m
Cumulative Liquidation Volume$32.624b
Hyperliquid L1$32.624b
$13.277b
Market Cap$18.126b
$HYPE Price$81.43
$77.843b
$31.6b
$HYPE Volume 24h$1.328b
CEX Volume$349.1m
DEX Volume$1.025b(77.18% 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 $6.715b in total value locked. TVL has increased 10.9% 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 94.8%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $66.69m in fees. Of that, $50.97m was protocol revenue. Based on the trailing year, the annualized rate is $952.02m in fees and $715.15m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $81.43. Its circulating market capitalization is $18.126b, ranking it #11. Its fully diluted valuation is $77.843b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 0.2% over the past 7 days and up 56.6% over the past 30 days. Its all-time high is $86.71, reached on Aug 27, 2026. The token is currently 6.1% 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 $3.865b in DEX volume over the past 30 days.
