Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.888b

TVL by Chain

Hyperliquid L1$5.041b

Arbitrum$846.83m

Key Metrics

Fees (Annualized)$1.066b
Fees 30d$78.56m

Hyperliquid L1$78.56m

Fees 7d$26.62m

Hyperliquid L1$26.62m

Fees 24h$2.83m

Hyperliquid L1$2.83m

Cumulative Fees$1.347b

Hyperliquid L1$1.347b

Revenue (Annualized)$887.07m
Revenue 30d$62.83m

Hyperliquid L1$62.83m

Revenue 7d$21.62m

Hyperliquid L1$21.62m

Revenue 24h$2.24m

Hyperliquid L1$2.24m

Cumulative Revenue$1.152b

Hyperliquid L1$1.152b

Holders Revenue (Annualized)$887.07m
Holders Revenue 30d$62.83m

Hyperliquid L1$62.83m

Holders Revenue 7d$21.62m

Hyperliquid L1$21.62m

Holders Revenue 24h$2.24m

Hyperliquid L1$2.24m

Cumulative Holders Revenue$1.152b

Hyperliquid L1$1.152b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$887.07m

Earnings 30d$62.83m

Earnings 7d$21.62m

Earnings 24h$2.24m

Cumulative Earnings$1.152b

DEX Volume 30d$6.457b
DEX Volume 30d by chain

Hyperliquid L1$6.457b

DEX Volume 7d$1.995b

Hyperliquid L1$1.995b

DEX Volume 24h$161.46m

Hyperliquid L1$161.46m

Cumulative DEX Volume$154.773b

Hyperliquid L1$154.773b

Perp Volume 30d$233.718b
Perp Volume 30d by chain

Hyperliquid L1$233.718b

Perp Volume 7d$80.331b

Hyperliquid L1$80.331b

Perp Volume 24h$10.743b

Hyperliquid L1$10.743b

Cumulative Perp Volume$4.643t

Hyperliquid L1$4.643t

Open Interest$8.916b

Market Cap$12.652b

$HYPE Price$56.85

All Time High$75.48

All Time Low$3.81

Fully Diluted Valuation$54.334b

Outstanding FDV$22.011b

$HYPE Volume 24h$1.017b

CEX Volume$349.04m

DEX Volume$741.44m(72.91% 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