Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.86b

TVL by Chain

Hyperliquid L1$3.195b

Arbitrum$2.665b

Key Metrics

Fees (Annualized)$783.11m
Fees 30d$64.19m

Hyperliquid L1$64.19m

Fees 7d$16.17m

Hyperliquid L1$16.17m

Fees 24h$4.8m

Hyperliquid L1$4.8m

Cumulative Fees$1.32b

Hyperliquid L1$1.32b

Revenue (Annualized)$620.17m
Revenue 30d$50.83m

Hyperliquid L1$50.83m

Revenue 7d$13.06m

Hyperliquid L1$13.06m

Revenue 24h$3.99m

Hyperliquid L1$3.99m

Cumulative Revenue$1.131b

Hyperliquid L1$1.131b

Holders Revenue (Annualized)$620.17m
Holders Revenue 30d$50.83m

Hyperliquid L1$50.83m

Holders Revenue 7d$13.06m

Hyperliquid L1$13.06m

Holders Revenue 24h$3.99m

Hyperliquid L1$3.99m

Cumulative Holders Revenue$1.131b

Hyperliquid L1$1.131b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$620.17m

Earnings 30d$50.83m

Earnings 7d$13.06m

Earnings 24h$3.99m

Cumulative Earnings$1.131b

DEX Volume 30d$5.418b
DEX Volume 30d by chain

Hyperliquid L1$5.418b

DEX Volume 7d$1.762b

Hyperliquid L1$1.762b

DEX Volume 24h$342.04m

Hyperliquid L1$342.04m

Cumulative DEX Volume$153.12b

Hyperliquid L1$153.12b

Perp Volume 30d$204.42b
Perp Volume 30d by chain

Hyperliquid L1$204.42b

Perp Volume 7d$57.375b

Hyperliquid L1$57.375b

Perp Volume 24h$12.564b

Hyperliquid L1$12.564b

Cumulative Perp Volume$4.576t

Hyperliquid L1$4.576t

Open Interest$9.822b

Market Cap$16.639b

$HYPE Price$74.82

All Time High$75.48

All Time Low$3.81

Fully Diluted Valuation$71.455b

Outstanding FDV$28.928b

$HYPE Volume 24h$1.329b

CEX Volume$445.4m

DEX Volume$970.56m(73.01% 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