Hyperliquid (HYPE)

Total Value Locked$541.52m

TVL by Chain

Hyperliquid L1$541.52m

fetching perp volume...

Key Metrics

Fees (Annualized)$1.026b

Fees 30d$84.08m

Fees 7d$24.83m

Fees 24h$2.02m

Cumulative Fees$528.09m

Revenue (Annualized)$955.18m

Revenue 30d$78.29m

Revenue 7d$23.18m

Revenue 24h$1.97m

Cumulative Revenue$512.98m

Holders Revenue (Annualized)$954m

Holders Revenue 30d$78.2m

Holders Revenue 7d$23.09m

Holders Revenue 24h$1.88m

Cumulative Holders Revenue$202.1m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$955.18m

Earnings 30d$78.29m

Earnings 7d$23.18m

Earnings 24h$1.97m

Cumulative Earnings$512.98m

DEX Volume 30d$10.096b

DEX Volume 7d$2.717b

DEX Volume 24h$283m

Cumulative DEX Volume$59.791b

Perp Volume 30d$285.985b

Perp Volume 7d$88.799b

Perp Volume 24h$7.468b

Cumulative Perp Volume$2.105t

Market Cap$14.586b

$HYPE Price$43.71

All Time High$49.75

All Time Low$3.81

Fully Diluted Valuation$43.707b

$HYPE Volume 24h$234.37m

CEX Volume$67.56m

DEX Volume$166.83m(71.18% 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

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

Development Activity

Updated at May 26, 2025

Weekly commits2

Monthly commits29

Weekly developers2

Monthly developers11

Last commit26/05/25 (2 months ago)

Income Statement for Hyperliquid

Q3 2025*Q2 2025Q1 2025Q4 2024
Fees$80.7m$176.16m$136.48m$10.34m
Revenue$75.05m$166.59m$136.48m$10.34m
Earnings$75.05m$166.59m$136.48m$10.34m
Token Holder Net Income$74.95m$127.15m$0$0