Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)Buy Now
Total Value Locked$5.049b

TVL by Chain

Arbitrum$3.665b

Hyperliquid L1$1.384b

Key Metrics

Fees (Annualized)$702.56m
Fees 30d$57.59m

Hyperliquid L1$57.59m

Fees 7d$13.02m

Hyperliquid L1$13.02m

Fees 24h$1.98m

Hyperliquid L1$1.98m

Cumulative Fees$1.271b

Hyperliquid L1$1.271b

Revenue (Annualized)$627.18m
Revenue 30d$51.41m

Hyperliquid L1$51.41m

Revenue 7d$11.65m

Hyperliquid L1$11.65m

Revenue 24h$1.76m

Hyperliquid L1$1.76m

Cumulative Revenue$1.151b

Hyperliquid L1$1.151b

Holders Revenue (Annualized)$627.18m
Holders Revenue 30d$51.41m

Hyperliquid L1$51.41m

Holders Revenue 7d$11.65m

Hyperliquid L1$11.65m

Holders Revenue 24h$1.76m

Hyperliquid L1$1.76m

Cumulative Holders Revenue$1.151b

Hyperliquid L1$1.151b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$627.18m

Earnings 30d$51.41m

Earnings 7d$11.65m

Earnings 24h$1.76m

Cumulative Earnings$1.151b

DEX Volume 30d$3.106b
DEX Volume 30d by chain

Hyperliquid L1$3.106b

DEX Volume 7d$648.11m

Hyperliquid L1$648.11m

DEX Volume 24h$111.45m

Hyperliquid L1$111.45m

Cumulative DEX Volume$148.62b

Hyperliquid L1$148.62b

Perp Volume 30d$176.412b
Perp Volume 30d by chain

Hyperliquid L1$176.412b

Perp Volume 7d$41.053b

Hyperliquid L1$41.053b

Perp Volume 24h$6.16b

Hyperliquid L1$6.16b

Cumulative Perp Volume$4.421t

Hyperliquid L1$4.421t

Open Interest$8.891b

Market Cap$9.301b

$HYPE Price$39.03

All Time High$59.3

All Time Low$3.81

Fully Diluted Valuation$37.547b

Outstanding FDV$15.091b

$HYPE Volume 24h$299.53m

CEX Volume$88.9m

DEX Volume$134.13m(44.78% 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