Hyperliquid (HYPE)
Total Value Locked$529.31m
| ||
Market Cap | $12.377b |
---|---|
$37.07 | |
Fully Diluted Valuation | $37.065b |
$166.07m | |
$170.98m | |
$5.447b | |
$818.14m | |
$760.87m | |
$760.87m |
Protocol Information
Hyperliquid is a decentralized perpetual exchange with best-in-class speed, liquidity, and price

Hyperliquid rival Aster smashes its monthly trading record with $33bn haul and fulfils CZ’s dark pool wishes
June 25, 2025
Read on DL News

New Hyperliquid protocol goes full throttle with 1,000X leverage trades
June 19, 2025
Read on DL News
Development Activity
(updated at 26/05/25)
Weekly commits: 2
Monthly commits: 29
Weekly developers: 2
Monthly developers: 11
Last commit: a month ago (2025-05-26)
Methodology
Fees: Trade fees and Ticker auction proceeds. Note this excludes the HLP vault and HyperEVM fees.
Revenue: Percentage of swap fees going to treasury and/or token holders