Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$5.512b

TVL by Chain

Arbitrum$3.923b

Hyperliquid L1$1.589b

Key Metrics

Fees (Annualized)$714.64m
Fees 30d$58.58m

Hyperliquid L1$58.58m

Fees 7d$14.7m

Hyperliquid L1$14.7m

Fees 24h$1.56m

Hyperliquid L1$1.56m

Cumulative Fees$1.296b

Hyperliquid L1$1.296b

Revenue (Annualized)$640.45m
Revenue 30d$52.5m

Hyperliquid L1$52.5m

Revenue 7d$13.26m

Hyperliquid L1$13.26m

Revenue 24h$1.38m

Hyperliquid L1$1.38m

Cumulative Revenue$1.173b

Hyperliquid L1$1.173b

Holders Revenue (Annualized)$640.45m
Holders Revenue 30d$52.5m

Hyperliquid L1$52.5m

Holders Revenue 7d$13.26m

Hyperliquid L1$13.26m

Holders Revenue 24h$1.38m

Hyperliquid L1$1.38m

Cumulative Holders Revenue$1.173b

Hyperliquid L1$1.173b

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$640.45m

Earnings 30d$52.5m

Earnings 7d$13.26m

Earnings 24h$1.38m

Cumulative Earnings$1.173b

DEX Volume 30d$4.1b
DEX Volume 30d by chain

Hyperliquid L1$4.1b

DEX Volume 7d$1.506b

Hyperliquid L1$1.506b

DEX Volume 24h$142.8m

Hyperliquid L1$142.8m

Cumulative DEX Volume$150.98b

Hyperliquid L1$150.98b

Perp Volume 30d$180.156b
Perp Volume 30d by chain

Hyperliquid L1$180.156b

Perp Volume 7d$43.589b

Hyperliquid L1$43.589b

Perp Volume 24h$4.324b

Hyperliquid L1$4.324b

Cumulative Perp Volume$4.504t

Hyperliquid L1$4.504t

Open Interest$9.356b

Market Cap$13.507b

$HYPE Price$60.76

All Time High$64.44

All Time Low$3.81

Fully Diluted Valuation$58.006b

Outstanding FDV$23.492b

$HYPE Volume 24h$1.076b

CEX Volume$405.82m

DEX Volume$687.11m(63.89% 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