Hyperliquid (HYPE)

Total Value Locked$534.25m

TVL by Chain

Hyperliquid L1$534.25m

Key Metrics

Fees (Annualized)$1.021b

Fees 30d$83.68m

Fees 7d$26.03m

Fees 24h$1.95m

Cumulative Fees$526.36m

Revenue (Annualized)$949.42m

Revenue 30d$77.82m

Revenue 7d$24.2m

Revenue 24h$1.81m

Cumulative Revenue$511.27m

Holders Revenue (Annualized)$949.42m

Holders Revenue 30d$77.82m

Holders Revenue 7d$24.2m

Holders Revenue 24h$1.81m

Cumulative Holders Revenue$200.49m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$949.42m

Earnings 30d$77.82m

Earnings 7d$24.2m

Earnings 24h$1.81m

Cumulative Earnings$511.27m

DEX Volume 30d$10.003b

DEX Volume 7d$2.775b

DEX Volume 24h$407.7m

Cumulative DEX Volume$59.274b

Perp Volume 30d$284.512b

Perp Volume 7d$92.731b

Perp Volume 24h$6.434b

Cumulative Perp Volume$2.099t

Market Cap$14.69b

$HYPE Price$43.99

All Time High$49.75

All Time Low$3.81

Fully Diluted Valuation$44.018b

$HYPE Volume 24h$189.29m

CEX Volume$47.79m

DEX Volume$141.54m(74.77% 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$78.86m$176.16m$136.48m$10.34m
Revenue$73.34m$166.59m$136.48m$10.34m
Earnings$73.34m$166.59m$136.48m$10.34m
Token Holder Net Income$73.34m$127.15m$0$0