Overview
Hyperliquid(HYPE)
Token Price$61.04
24h Change+1.56%
All Time HighJun 16, 2026$76.7
All Time LowNov 29, 2024$3.81
Key Metrics
$13.578b
$58.312b
222.45m HYPE
1b HYPE
$23.661b
Volume 24h$240.15m
CEX Volume$110.77m
DEX Volume$133.91m
Token Liquidity$363,675
Raydium AMM · Solana$363,675
Total RaisedUndisclosed
Sep 16, 2025Undisclosed
Income Statement for Hyperliquid
| Q3 2026* | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $33.47M | $204.03M | $219.33M | $298.69M | $359.70M | $182.01M | $139.84M | $11.11M |
| Perp Fees | $29.25M | $178.71M | $192.64M | $257.69M | $314.51M | $175.83M | $137.36M | $10.69M |
| Spot Fees | $729.74K | $5.64M | $5.50M | $10.83M | $19.39M | $4.51M | $2.31M | $421.35K |
| Builder Code Fees | $3.03M | $16.38M | $17.92M | $23.12M | $16.23M | |||
| Spot fees on Unit markets | $171.04K | $1.09M | $1.39M | $3.31M | $6.51M | |||
| Transaction Gas Fees | $293.71K | $2.20M | $1.85M | $3.71M | $3.05M | $1.65M | $162.41K | |
Cost of Revenue | $6.75M | $36.77M | $34.17M | $45.73M | $50.53M | $10.50M | $7.65M | $605.90K |
| Perp Fees | $229.09K | $1.44M | $1.61M | $2.17M | $6.78M | $5.12M | $3.51M | $271.39K |
| Spot Fees | $7.22K | $55.92K | $54.27K | $109.26K | $367.65K | $131.64K | $58.80K | $9.45K |
| HLP | $236.32K | $1.50M | $1.67M | $2.28M | $7.15M | $5.25M | $4.08M | $325.06K |
| Builder Code Distribution | $3.03M | $16.38M | $17.92M | $23.12M | $16.23M | |||
| Maker Rebates | $1.29M | $8.80M | $10.40M | $14.72M | $13.48M | |||
| Unit Revenue | $171.04K | $1.09M | $1.39M | $3.31M | $6.51M | |||
| HIP-3 Deployer Distribution | $1.78M | $7.49M | $1.10M | |||||
Gross Profit | $23.68M | $150.85M | $167.20M | $229.77M | $292.89M | $171.50M | $132.18M | $10.51M |
| Perp Fees | $22.68M | $143.11M | $159.94M | $215.43M | $271.28M | $165.59M | $130.42M | $10.25M |
| Spot Fees | $715.29K | $5.52M | $5.39M | $10.62M | $18.66M | $4.25M | $2.19M | $407.34K |
| Transaction Gas Fees | $293.71K | $2.20M | $1.85M | $3.71M | $3.05M | $1.65M | $162.41K | |
Earnings | $23.68M | $150.85M | $167.20M | $229.77M | $292.89M | $171.50M | $132.18M | $10.51M |
Token Holder Net Income | $23.68M | $150.85M | $167.20M | $229.77M | $292.89M | $171.50M | $132.18M | $10.51M |
| Token Buy Back | $23.39M | $148.64M | $165.34M | $226.06M | $289.84M | $169.84M | $132.02M | $10.51M |
| Transaction Gas Fees | $293.71K | $2.20M | $1.85M | $3.71M | $3.05M | $1.65M | $162.41K |
Risks
How much debt can be issued against HYPE as collateral across lending protocols.
Maximum possible exposure to HYPE
$20.5m
$0 (max additional borrows against HYPE) + $20.5m (bad debt if HYPE was hacked now)
Maple
$20.5m at-risk exposure = $20.5m bad debt if hacked + $0 additional borrowable against HYPE
Methodology and limitations
Showing collateral exposure for HYPE on Hyperliquid L1. Max Borrowableuses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for HYPE as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
HYPE0x0d01dc56dcaaca66ad901c959b4011ec | $0 | $20.5m |
Markets
Token Rights and Value Accrual
Hyperliquid
Value accrues through buybacks and token burns
Token Usage
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Liquidations
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Unlocks
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Yields
Tracking 2 pools, average APY 0.00%
Pool | Reference | Protocol | Chain | 30d Trend | ||||
|---|---|---|---|---|---|---|---|---|
| 1HYPEHYPE Market | HYPE | $889,095 | 0.00% | Stable100 | ||||
| 2HYPE | HYPE | $11,361 | <0.01% | Volatile22 |
Borrow
Tracking 1 route