Key Metrics
Fees (Annualized)$975.04m
Fees 30d$53.05m
Hyperliquid L1$53.05m
Fees 7d$19.5m
Hyperliquid L1$19.5m
Fees 24h$6.2m
Hyperliquid L1$6.2m
Cumulative Fees$1.495b
Hyperliquid L1$1.495b
Revenue (Annualized)$732.33m
Revenue 30d$38.43m
Hyperliquid L1$38.43m
Revenue 7d$15.26m
Hyperliquid L1$15.26m
Revenue 24h$4.94m
Hyperliquid L1$4.94m
Cumulative Revenue$1.209b
Hyperliquid L1$1.209b
Holders Revenue (Annualized)$732.33m
Holders Revenue 30d$38.43m
Hyperliquid L1$38.43m
Holders Revenue 7d$15.26m
Hyperliquid L1$15.26m
Holders Revenue 24h$4.94m
Hyperliquid L1$4.94m
Cumulative Holders Revenue$1.209b
Hyperliquid L1$1.209b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$732.33m
$38.43m
$15.26m
$4.94m
$1.209b
DEX Volume 30d$2.524b
DEX Volume 30d by chain
Hyperliquid L1$2.524b
DEX Volume 7d$1.083b
Hyperliquid L1$1.083b
DEX Volume 24h$334.68m
Hyperliquid L1$334.68m
Cumulative DEX Volume$162.292b
Hyperliquid L1$162.292b
Perp Volume 30d$200.019b
Perp Volume 30d by chain
Hyperliquid L1$200.019b
Perp Volume 7d$58.172b
Hyperliquid L1$58.172b
Perp Volume 24h$16.256b
Hyperliquid L1$16.256b
Cumulative Perp Volume$5.12t
Hyperliquid L1$5.12t
Liquidation Volume 30d$2.327b
Liquidation Volume 30d by chain
Hyperliquid L1$2.327b
Liquidation Volume 7d$1.468b
Hyperliquid L1$1.468b
Liquidation Volume 24h$380.95m
Hyperliquid L1$380.95m
Cumulative Liquidation Volume$32.153b
Hyperliquid L1$32.153b
$12.554b
Market Cap$17.682b
$HYPE Price$79.49
$79.475b
$30.847b
$HYPE Volume 24h$1.557b
CEX Volume$594.03m
DEX Volume$946.82m(60.8% 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?
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.
What is Hyperliquid's TVL?
Hyperliquid currently has $6.665b in total value locked. TVL has increased 9.3% 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 92.3%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $53.05m in fees. Of that, $38.43m was protocol revenue. Based on the trailing year, the annualized rate is $975.04m in fees and $732.33m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $79.49. Its circulating market capitalization is $17.682b, ranking it #11. Its fully diluted valuation is $79.475b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 39.2% over the past 7 days and up 35.9% over the past 30 days. Its all-time high is $82.43, reached on Aug 22, 2026. The token is currently 3.6% 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 $2.524b in DEX volume over the past 30 days.
