Hyperliquid

Hyperliquid HYPE

Status: ListedPerpetuals DEX
Token GradeA
Overall Score: 35.1 /100Rank: 40 of 128
Disclosures BBB4.70 /10
Performance AA7.47 /10

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Disclosures Overview

Core Contributors

Legal & Financial

Tokenomics

Service Providers

Performance Overview: Market Quality

Total Volume (as % of Market Cap)

Market Cap (USD)

Trade Volume (USD)

Trade Volume (prev. 30D avg.)$3,571,384,988
Market Capitalization (prev. 30D avg.)$15,182,310,401
Trade Volume / Market Capitalization26.40%
GradeAAAScore10.00Percentile100.00%

Depth +/- 2% (as a % of Market Capitalization)

Depth +/- 2% (USD) | Market Cap (USD)

Depth (+/- 2%)Market Cap
Depth +/- 2% (prev. 30D avg.)$108,146,989
Market Capitalization (prev. 30D avg.)$15,182,310,401
Depth / Market Capitalization0.98%
GradeAAScore7.00Percentile11.81%

Bid / Ask Spread (Volume weighted spreads)

Bid / Ask Spread (%)

Hyperliquid-SpotBybit SpotCoinbase
Exchange with Tightest SpreadsBybit Spot
Volume Weighted Bid / Ask Spread (prev. 30 days)0.0259%
GradeAAAScore10.00Percentile100.00%

Price Performance

30D Change: 34.94%

Price (USD)

Count Green Candles18
Count Red Candles12
Candle "Win Rate"60.00%
GradeAAAScore8.00Percentile99.19%

Open Interest (as a % of Market Capitalization)

Top Venues by OI (prev. 30D avg.)

Hyperliquid$1,400,825,465
Binance (Futures)$298,352,867
Bybit (Futures)$254,690,892
Total (All Exchanges)$2,939,991,984
Open Interest / Market Capitalization18.93%
GradeAAAScore9.00Percentile57.98%

Funding Rate

Funding Rate (%)

HyperliquidBinance (Futures)Bybit (Futures)
Open Interest-Weighted Funding Rate0.0155%
GradeAAAScore9.00Percentile92.37%

Performance Overview: Liquidity Footprint

Total Volume (CEX vs DEX)

Volume (USD)

CEX Volume (avg)$412,311,458
DEX Volume (avg)$70,293,123
CEX Volume share78.55%
GradeAAAScore10.00Percentile100.00%

Total +/- 2% Depth (CEX vs DEX)

+/- 2% Depth (USD)

CEX Depth (avg)$39,864,012
DEX Depth (avg)$662,738
CEX Depth share99.23%
GradeAScore5.00Percentile66.14%

Total Volume (Spot vs Perps)

Volume (USD)

Spot Volume (avg)$482,604,581
Perps Volume (avg)$3,113,514,377
Spot Volume share12.23%
GradeAAScore6.00Percentile7.87%

Total +/- 2% Depth (Spot vs Perps)

+/- 2% Depth (USD)

Spot Depth (avg)$40,526,750
Perps Depth (avg)$37,721,930
Spot Depth share50.15%
GradeAAAScore10.00Percentile100.00%

Performance Overview: Tokenomics

Disclosed Token Vesting vs Actual Vesting

Disclosed TGE DateN/A
Disclosed DurationN/A
Disclosed Total GroupsN/A
Disclosed Max. SupplyN/A

Commentary versus actual token vesting

N/A

GradeCCCScore0.00Percentile100.00%

Market Cap vs. FDV (Ratio)

0.23:1
GradeBB
Score4.00
Percentile20.47%

Fully Diluted Valuation (FDV) (USD)

$77,899,050,549
GradeAAA
Score10.00
Percentile100.00%

Annualized Rate of Inflation

53.50%
GradeCCC
Score1.00
Percentile41.67%

Buyback & Burn Events

92,858,372 tokens
GradeAAA
Score10.00
Percentile100.00%

Data as of 2026-08-26 · Scoring config v4 · Rated 128 of 128 projects