Key Metrics
Fees 30d$75.7m
Fees 30d by chain
Hyperliquid L1$75.7m
Fees 7d$11.02m
Hyperliquid L1$11.02m
Fees 24h$1.36m
Hyperliquid L1$1.36m
Cumulative Fees$1.551b
Hyperliquid L1$1.551b
Revenue 30d$59.21m
Revenue 30d by chain
Hyperliquid L1$59.21m
Revenue 7d$8.48m
Hyperliquid L1$8.48m
Revenue 24h$1.07m
Hyperliquid L1$1.07m
Cumulative Revenue$1.253b
Hyperliquid L1$1.253b
Holders Revenue 30d$59.21m
Holders Revenue 30d by chain
Hyperliquid L1$59.21m
Holders Revenue 7d$8.48m
Hyperliquid L1$8.48m
Holders Revenue 24h$1.07m
Hyperliquid L1$1.07m
Cumulative Holders Revenue$1.253b
Hyperliquid L1$1.253b
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$699.4m
$59.21m
$8.48m
$1.07m
$1.253b
DEX Volume 30d$5.1b
DEX Volume 30d by chain
Hyperliquid L1$5.1b
DEX Volume 7d$949.47m
Hyperliquid L1$949.47m
DEX Volume 24h$157.05m
Hyperliquid L1$157.05m
Cumulative DEX Volume$166.337b
Hyperliquid L1$166.337b
Perp Volume 30d$229.082b
Perp Volume 30d by chain
Hyperliquid L1$229.082b
Perp Volume 7d$44.361b
Hyperliquid L1$44.361b
Perp Volume 24h$9.353b
Hyperliquid L1$9.353b
Cumulative Perp Volume$5.295t
Hyperliquid L1$5.295t
Liquidation Volume 30d$2.485b
Liquidation Volume 30d by chain
Hyperliquid L1$2.485b
Liquidation Volume 7d$249.07m
Hyperliquid L1$249.07m
Liquidation Volume 24h$50.39m
Hyperliquid L1$50.39m
Cumulative Liquidation Volume$33.171b
Hyperliquid L1$33.171b
$13.81b
Market Cap$17.86b
$HYPE Price$80.27
$76.7b
$31.159b
$HYPE Volume 24h$816.08m
CEX Volume$233.4m
DEX Volume$584.26m(71.59% 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.
- Hyperliquid BridgeBridge
- Hyperliquid HLPDerivatives
- Hyperliquid PerpsDerivatives
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
Perp Volume: Notional volume of all trades including leverage on the perp exchange
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
Frequently Asked Questions
What is Hyperliquid's TVL?
Hyperliquid currently has $6.77b in total value locked. TVL has increased 12.3% 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 93.4%.
How much has Hyperliquid generated in fees and revenue?
Over the past 30 days, Hyperliquid generated $75.7m in fees. Of that, $59.21m was protocol revenue. Based on the trailing year, the annualized rate is $928.12m in fees and $699.4m in revenue.
What is the HYPE token price and valuation?
HYPE is currently trading at $80.27. Its circulating market capitalization is $17.86b, ranking it #12. Its fully diluted valuation is $76.7b. Supply currently stands at 222.45m circulating, 955.31m total supply, 1b maximum supply.
How has HYPE performed recently?
HYPE is down 5.6% over the past 7 days and up 41.1% over the past 30 days. Its all-time high is $89.6, reached on Sep 6, 2026. The token is currently 10.4% below that level.
Which protocols are included in Hyperliquid?
Hyperliquid is a parent protocol whose tracked products include Hyperliquid Bridge, Hyperliquid HLP, Hyperliquid Spot Orderbook, and Hyperliquid Perps.
How much trading volume does Hyperliquid process?
Hyperliquid processed $5.1b in DEX volume over the past 30 days.

