Ask about Hyperliquid · freeTotal Value Locked$8.184b
TVL by Chain
Hyperliquid L1$7.893b
Arbitrum$290.75m
Key Metrics
Fees 30d$86.48m
Fees 30d by chain
Hyperliquid L1$86.48m
Fees 7d$23.39m
Hyperliquid L1$23.39m
Fees 24h$4.86m
Hyperliquid L1$4.86m
Cumulative Fees$1.713b
Hyperliquid L1$1.713b
Revenue 30d$67.89m
Revenue 30d by chain
Hyperliquid L1$67.89m
Revenue 7d$17.84m
Hyperliquid L1$17.84m
Revenue 24h$3.74m
Hyperliquid L1$3.74m
Cumulative Revenue$1.384b
Hyperliquid L1$1.384b
Holders Revenue 30d$67.89m
Holders Revenue 30d by chain
Hyperliquid L1$67.89m
Holders Revenue 7d$17.84m
Hyperliquid L1$17.84m
Holders Revenue 24h$3.74m
Hyperliquid L1$3.74m
Cumulative Holders Revenue$1.384b
Hyperliquid L1$1.384b
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$686.96m
Earnings 30d$67.89m
Earnings 7d$17.84m
Earnings 24h$3.74m
Cumulative Earnings$1.384b
DEX Volume 30d$4.128b
DEX Volume 30d by chain
Hyperliquid L1$4.128b
DEX Volume 7d$1.187b
Hyperliquid L1$1.187b
DEX Volume 24h$286.6m
Hyperliquid L1$286.6m
Cumulative DEX Volume$173.495b
Hyperliquid L1$173.495b
DEX Notional Volume 30d$172.16m
DEX Notional Volume 30d by chain
Hyperliquid L1$172.16m
DEX Notional Volume 7d$56.93m
Hyperliquid L1$56.93m
DEX Notional Volume 24h$11.23m
Hyperliquid L1$11.23m
Cumulative DEX Notional Volume$685.54m
Hyperliquid L1$685.54m
Perp Volume 30d$226.25b
Perp Volume 30d by chain
Hyperliquid L1$226.25b
Perp Volume 7d$62.499b
Hyperliquid L1$62.499b
Perp Volume 24h$13.709b
Hyperliquid L1$13.709b
Cumulative Perp Volume$5.644t
Hyperliquid L1$5.644t
Bridge Volume 30d$1.526b
Bridge Volume 30d by chain
Hyperliquid L1$807.08m
Arbitrum$718.77m
Bridge Volume 7d$522.1m
Hyperliquid L1$310.39m
Arbitrum$211.71m
Bridge Volume 24h$125.36m
Arbitrum$67.93m
Hyperliquid L1$57.43m
Liquidation Volume 30d$2.187b
Liquidation Volume 30d by chain
Hyperliquid L1$2.187b
Liquidation Volume 7d$716.45m
Hyperliquid L1$716.45m
Liquidation Volume 24h$215.72m
Hyperliquid L1$215.72m
Cumulative Liquidation Volume$36.214b
Hyperliquid L1$36.214b
Open Interest$7.712b
Market Cap$21.076b
$HYPE Price$88.09
Fully Diluted Valuation$83.768b
Outstanding FDV$34.414b
$HYPE Volume 24h$1.734b
CEX Volume$474.62m
DEX Volume$1.317b(75.96% of total)
Active Loans$484.27m
Hyperliquid October revenue exceeds $60M?
Quotes fetched just now.
Revenue so far: completed UTC days from Oct 1, 2026 00:00 UTC to Oct 31, 2026 00:00 UTC
Market details
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 EarnLending
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
- Hyperliquid OutcomesPrediction Market
Latest from DefiLlama Research
Visit DefiLlama Research
Yields
Pools Tracked6
Average Supply APY2.48%
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
Notional Volume: Notional volume of all trades on protocol
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Bridge Volume: Value of assets sent through the bridge, counted once on the chain they leave from
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
Hyperliquid history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jun 9, 2023 to Oct 31, 2026.
All-time high TVL: $9.069b on Sep 24, 2026. All-time low TVL: $2.8m on Jul 10, 2023.
Daily TVL, Oct 2, 2026 to Oct 31, 2026
| Date | TVL |
|---|---|
| Oct 2, 2026 | $8.75b |
| Oct 3, 2026 | $8.762b |
| Oct 4, 2026 | $8.807b |
| Oct 5, 2026 | $8.825b |
| Oct 6, 2026 | $8.913b |
| Oct 7, 2026 | $8.907b |
| Oct 8, 2026 | $8.769b |
| Oct 9, 2026 | $8.548b |
| Oct 10, 2026 | $8.577b |
| Oct 11, 2026 | $8.629b |
| Oct 12, 2026 | $8.635b |
| Oct 13, 2026 | $8.557b |
| Oct 14, 2026 | $8.511b |
| Oct 15, 2026 | $8.421b |
| Oct 16, 2026 | $8.456b |
| Oct 17, 2026 | $8.342b |
| Oct 18, 2026 | $8.321b |
| Oct 19, 2026 | $8.392b |
| Oct 20, 2026 | $8.295b |
| Oct 21, 2026 | $8.347b |
| Oct 22, 2026 | $8.42b |
| Oct 23, 2026 | $8.32b |
| Oct 24, 2026 | $8.3b |
| Oct 25, 2026 | $8.202b |
| Oct 26, 2026 | $8.194b |
| Oct 27, 2026 | $8.167b |
| Oct 28, 2026 | $8.257b |
| Oct 29, 2026 | $8.241b |
| Oct 30, 2026 | $8.383b |
| Oct 31, 2026 | $8.291b |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.28b |
| Dec 31, 2024 | $2.036b |
| Jan 31, 2025 | $2.417b |
| Feb 28, 2025 | $2.633b |
| Mar 31, 2025 | $2.079b |
| Apr 30, 2025 | $2.308b |
| May 31, 2025 | $3.552b |
| Jun 30, 2025 | $3.71b |
| Jul 31, 2025 | $4.913b |
| Aug 31, 2025 | $5.764b |
| Sep 30, 2025 | $5.839b |
| Oct 31, 2025 | $4.887b |
| Nov 30, 2025 | $4.382b |
| Dec 31, 2025 | $4.149b |
| Jan 31, 2026 | $4.573b |
| Feb 28, 2026 | $4.232b |
| Mar 31, 2026 | $4.899b |
| Apr 30, 2026 | $4.714b |
| May 31, 2026 | $5.561b |
| Jun 30, 2026 | $5.724b |
| Jul 31, 2026 | $6.131b |
| Aug 31, 2026 | $6.723b |
| Sep 30, 2026 | $8.827b |
| Oct 31, 2026 | $8.291b |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $57.25m |
| Dec 31, 2024 | $2.036b |
| Dec 31, 2025 | $4.149b |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $11.12m | $10.51m | $10.51m |
| Jan 2025 | $52.17m | $49.13m | $49.13m |
| Feb 2025 | $46.59m | $44.21m | $44.21m |
| Mar 2025 | $40.93m | $38.69m | $38.69m |
| Apr 2025 | $44.24m | $41.66m | $41.66m |
| May 2025 | $72.98m | $68.73m | $68.73m |
| Jun 2025 | $63.14m | $59.46m | $59.46m |
| Jul 2025 | $96.41m | $90.79m | $90.79m |
| Aug 2025 | $144.97m | $113.86m | $113.86m |
| Sep 2025 | $115.28m | $85.2m | $85.2m |
| Oct 2025 | $124.84m | $97.2m | $97.2m |
| Nov 2025 | $101.38m | $77.65m | $77.65m |
| Dec 2025 | $68.75m | $51.21m | $51.21m |
| Jan 2026 | $77.29m | $59.84m | $59.84m |
| Feb 2026 | $70.7m | $54m | $54m |
| Mar 2026 | $69.49m | $51.51m | $51.51m |
| Apr 2026 | $58.67m | $42.36m | $42.36m |
| May 2026 | $62.18m | $46.33m | $46.33m |
| Jun 2026 | $80.98m | $59.96m | $59.96m |
| Jul 2026 | $55.14m | $38.42m | $38.42m |
| Aug 2026 | $77.77m | $61.36m | $61.36m |
| Sep 2026 | $91.33m | $74.19m | $74.19m |
| Oct 2026 (to date) | $86.48m | $67.89m | $67.89m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperliquid
Frequently asked questions
What is Hyperliquid's TVL?
As of Oct 31, 2026, Hyperliquid has $8.184b in total value locked. TVL has decreased 7.2% 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 96.4%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $86.48m in fees. Of that, $67.89m was protocol revenue. Based on the trailing year, the annualized rate is $903.09m in fees and $686.96m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $88.09. Its circulating market capitalization is $21.076b, ranking it #12. Its fully diluted valuation is $83.768b. Supply currently stands at 239.41m circulating, 951.54m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is up 16.4% over the past 7 days and down 1.6% over the past 30 days. Its all-time high is $97.96, reached on Sep 23, 2026. The token is currently 10.1% below that level.
Which protocols are included in Hyperliquid?
Hyperliquid is a parent protocol whose tracked products include Hyperliquid Bridge, Hyperliquid Earn, Hyperliquid HLP, Hyperliquid Spot Orderbook, and Hyperliquid Perps and 1 others.
How much has been borrowed through Hyperliquid?
As of Oct 31, 2026, Hyperliquid has $484.27m in active loans.