Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.988b

TVL by Chain

Hyperliquid L1$5.413b

Arbitrum$574.74m

Key Metrics

Fees (Annualized)$1.063b
Fees 30d$81.51m

Hyperliquid L1$81.51m

Fees 7d$15.65m

Hyperliquid L1$15.65m

Fees 24h$1.57m

Hyperliquid L1$1.57m

Cumulative Fees$1.37b

Hyperliquid L1$1.37b

Revenue (Annualized)$880.08m
Revenue 30d$64.71m

Hyperliquid L1$64.71m

Revenue 7d$11.87m

Hyperliquid L1$11.87m

Revenue 24h$1.24m

Hyperliquid L1$1.24m

Cumulative Revenue$1.17b

Hyperliquid L1$1.17b

Holders Revenue (Annualized)$880.08m
Holders Revenue 30d$64.71m

Hyperliquid L1$64.71m

Holders Revenue 7d$11.87m

Hyperliquid L1$11.87m

Holders Revenue 24h$1.24m

Hyperliquid L1$1.24m

Cumulative Holders Revenue$1.17b

Hyperliquid L1$1.17b

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$880.08m

Earnings 30d$64.71m

Earnings 7d$11.87m

Earnings 24h$1.24m

Cumulative Earnings$1.17b

DEX Volume 30d$6.632b
DEX Volume 30d by chain

Hyperliquid L1$6.632b

DEX Volume 7d$1.216b

Hyperliquid L1$1.216b

DEX Volume 24h$126.74m

Hyperliquid L1$126.74m

Cumulative DEX Volume$156.453b

Hyperliquid L1$156.453b

Perp Volume 30d$246.189b
Perp Volume 30d by chain

Hyperliquid L1$246.189b

Perp Volume 7d$48.286b

Hyperliquid L1$48.286b

Perp Volume 24h$4.491b

Hyperliquid L1$4.491b

Cumulative Perp Volume$4.719t

Hyperliquid L1$4.719t

Open Interest$9.001b

Market Cap$15.369b

$HYPE Price$69.1

All Time High$76.7

All Time Low$3.81

Fully Diluted Valuation$66.002b

Outstanding FDV$26.754b

$HYPE Volume 24h$893.76m

CEX Volume$298.16m

DEX Volume$536.57m(60.03% 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:

Hyperliquid HLP - Fees going to governance token holdersView 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

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