New to markets — prices, yields, market cap? We explain every term as you browse, in plain English. Same data, with the help built in.
You already know the market. Just the data — clean, fast and compact, with no extra explanations. This is the default view.
Every figure on this site is available as JSON, with its period and source attached.
Read the API docsHyperliquid is a layer one blockchain designed to host a high-performance decentralized exchange for perpetual futures and spot trading, alongside borrowing, lending, and support for real-world assets. It targets traders and DeFi participants who want the speed and reliability of a centralized exchange combined with the transparency of a public blockchain. The native token, HYPE, has a maximum supply of one billion tokens and serves as the foundational asset of the network.
Hyperliquid operates as a proof-of-stake layer one blockchain, meaning validators stake tokens to participate in reaching consensus on the state of the network, with blocks produced approximately every zero minutes as recorded in the data — suggesting sub-second or near-instant finality. The chain includes an Ethereum Virtual Machine, allowing developers to deploy smart contracts compatible with the broader Ethereum ecosystem. HYPE functions as the native token used within this system, though the specific mechanics of staking rewards and validator incentives are not detailed in the available data.
Hyperliquid generated 600,226 dollars in fees over the trailing 30 days, annualizing to approximately 7,302,750 dollars, and the same figures apply to protocol revenue because the take rate is 100 percent, meaning the protocol retains all fees collected and passes none to a supply side such as liquidity providers. Over the trailing 12 months, fees and revenue both totaled 9,757,681 dollars. Fee and revenue growth over the last 30 days was 4.07 percent. At current figures, the market capitalization stands at roughly 2,497 times annualized fees, and the fully diluted valuation at roughly 10,722 times annualized fees.
Written from the figures on this page by an AI language model and reviewed against them. It contains no view on price.
Ripple has expanded its institutional prime brokerage offering by enabling clients to trade real-world asset (RWA) perpetual swaps that track traditional financial…
A bitcoin trader is staring down a potential $98 million liquidation after a punishing week wiped nearly $9.8 million from a Hyperliquid account.
Hyperliquid tests new order priority fee rules, introducing a 10 HYPE delegation threshold and tighter transaction processing requirements.
Pump.fun has expanded beyond its Solana meme coin business, introducing perpetual futures trading powered by Hyperliquid.
Will PUMP reverse its October pullback ahead of likely perps-driven revenue?
