Ask about Hyperliquid
Logo of HyperliquidHyperliquid(HYPE)
Total Value Locked$6.77b

TVL by Chain

Hyperliquid L1$6.324b

Arbitrum$446.28m

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

All Time High$89.6

All Time Low$3.81

View $HYPE token page

$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.

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

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.