Hyperliquid (HYPE)
Total Value Locked$6.525b
TVL by Chain
Arbitrum$5.878b
Hyperliquid L1$646.91m
Key Metrics
Fees (Annualized)$1.125b
Fees 30d$92.18m
Fees 7d$19.89m
Fees 24h$4.88m
Cumulative Fees$714.83m
Revenue (Annualized)$1.106b
Revenue 30d$90.65m
Revenue 7d$19.7m
Revenue 24h$4.83m
Cumulative Revenue$699.54m
Holders Revenue (Annualized)$1.106b
Holders Revenue 30d$90.65m
Holders Revenue 7d$19.7m
Holders Revenue 24h$4.83m
Cumulative Holders Revenue$526.56m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$1.106b
Earnings 30d$90.65m
Earnings 7d$19.7m
Earnings 24h$4.83m
Cumulative Earnings$699.54m
DEX Volume 30d$25.726b
DEX Volume 7d$4.831b
DEX Volume 24h$783.52m
Cumulative DEX Volume$99.033b
Perp Volume 30d$307.285b
Perp Volume 7d$65.162b
Perp Volume 24h$15.63b
Cumulative Perp Volume$2.75t
Open Interest$13.346b
Market Cap$12.804b
$HYPE Price$47.25
All Time High$59.3
All Time Low$3.81
Fully Diluted Valuation$47.278b
Outstanding FDV$30.572b
$HYPE Volume 24h$949.04m
CEX Volume$268.79m
DEX Volume$680.25m(71.68% of total)
Protocol Information
Hyperliquid is a decentralized perpetual exchange with best-in-class speed, liquidity, and price
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Holders Revenue:
Hyperliquid Spot Orderbook: 99% of fees go to Assistance Fund for bbuying HYPE tokens, before 30 Aug 2025 it was 97% of feesView code on GitHub
DEX Volume: Volume of all spot token swaps that go through the protocol
Perp Volume: Notional volume of all trades in the protocol, includes leverage
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
Income Statement for Hyperliquid
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | |
|---|---|---|---|---|
| Fees | $267.19m | $175.92m | $136.86m | $10.34m |
| Revenue | $260.17m | $170.61m | $133.9m | $10.34m |
| Earnings | $260.17m | $170.61m | $133.9m | $10.34m |
| Token Holder Net Income | $260.17m | $170.61m | $95.78m | $0 |