Hyperliquid
HYPE
High-performance L1
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.47% | 4.82% | 4.13% | 1.29% | 56.04% | 164.76% |
Revenue & Burn
Protocol income
$54.64MBuyback funds
$54.64MBurn funds
--Buyback ratio
100.0%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Sep 2026 | $54.64M | $54.64M | -- | 100.0% |
| Aug 2026 | $51.48M | $51.48M | -- | 100.0% |
| Jul 2026 | $38.41M | $38.41M | -- | 100.0% |
| Jun 2026 | $59.96M | $59.96M | -- | 100.0% |
| May 2026 | $46.32M | $46.32M | -- | 100.0% |
| Apr 2026 | $42.35M | $42.35M | -- | 100.0% |
Comparison
Asset List
| Ticker | Price | |||||
|---|---|---|---|---|---|---|
| XYZ100USDC | $30,756 1.25% | 0.003% | $8.78M | $89.09M | $485.9M | +0.0006% |
| CLUSDC | $90.64 2.02% | 0.004% | $961.72K | $67.55M | $265.41M | -0.0039% |
| SP500USDC | $7,775.2 0.22% | 0.001% | $4.22M | $175.24M | $225.63M | +0.0006% |
| SKHXUSDC | $1,212.9 7.02% | 0.008% | $3.01M | $131.57M | $222.52M | -0.0049% |
| SNDKUSDC | $1,614.4 5.36% | 0.006% | $2.85M | $54.07M | $206.88M | +0.0006% |
| SPCXUSDC | $164.72 1.91% | 0.006% | $4.1M | $59.59M | $194.09M | +0.0006% |
| BRENTOILUSDC | $102.1 1.69% | 0.009% | $5.21M | $97.99M | $176.77M | -0.0136% |
| NVDAUSDC | $231.16 2.71% | 0.004% | $1.09M | $51.89M | $165.55M | +0.0006% |
Fundraising
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Oct 29, 2026 | 9.91M HYPE | $836.57M | 4.46% | 1 Allocation |
| Nov 29, 2026 | 9.91M HYPE | $836.57M | 4.46% | 1 Allocation |
| Dec 29, 2026 | 9.91M HYPE | $836.57M | 4.46% | 1 Allocation |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | BBybitCEX | HYPE/USDT | $24.65 | $175,305 | $196,111 | $81,684,447 | 7.65% |
| 2 | OOKXCEX | HYPE/USDT | $24.58 | $118,558 | $217,817 | $24,421,352 | 2.29% |
| 3 | BBitgetCEX | HYPE/USDT | $24.68 | $135,452 | $274,889 | $17,209,512 | 1.61% |
| 4 | BBingXCEX | HYPE/USDT | $24.71 | $88,578 | $185,548 | $10,703,279 | 1.00% |
| 5 | PPhemexCEX | HYPE/USDT | $24.79 | $5,616 | $4,699 | $956,000 | 0.09% |
| 6 | OOKXCEX | HYPE/USD | $24.55 | $5,004 | $13,295 | $35,513 | 0.00% |
| 7 | BBinance USCEX | HYPE/USDT | $24.95 | $16,901 | $1,798 | $27,029 | 0.00% |
| 8 | BBitfinexCEX | HYPE/USDT | $24.86 | $76 | $170 | $13,917 | 0.00% |
| 9 | BBitfinexCEX | HYPE/USD | $24.9 | $356 | $940 | $12,348 | 0.00% |
| 10 | BBinance USCEX | HYPE/USD | $24.83 | $15,418 | $904 | $4,020 | 0.00% |
Follow Updates
Follow Lists
People
About Hyperliquid
Hyperliquid has recently reached several milestones with long-term significance. At the protocol level, HIP-4 has been implemented, with the first Outcome DEX "OUT" deployed on this standard, advancing the integration of prediction markets and perpetual contracts; HIP-3 enables permissionless perpetual market creation, allowing developers to stake 500,000 HYPE to deploy markets independently. On the ecosystem front, Kinetiq launched Elysium L2 based on Hyperliquid, while Linera announced minute-level prediction markets targeting Hyperliquid. Compliance is another key direction: Trump publicly stated that the CFTC chairman is pushing to bring Hyperliquid to the United States, and research suggests it may enter the U.S. compliant market through a licensed HIP-3 DEX, potentially intensifying competition with platforms like Coinbase. In tokenomics, Hyperliquid introduced a USDC yield mechanism, using protocol revenue to repurchase and burn HYPE. Coinbase has introduced perpetual contracts through Hyperliquid in its Base app, supporting up to 50x leverage; Zhao Changpeng also noted that if Hyperliquid enters the U.S. or opens market space for more decentralized products, it would be a significant boost for the entire cryptocurrency industry.
Co-founders and core executives:
Jeffrey Yan (Co-founder & CEO): Harvard graduate with a Master's in Math and CS, gold/silver medalist at the International Physics Olympiad. After Harvard, he worked at Hudson River Trading in HFT, then founded Chameleon Trading for crypto market making. In 2022, he co-founded Hyperliquid Labs with iliensinc, leading exchange architecture and execution optimization.
iliensinc (Co-founder & CTO, pseudonymous): Harvard classmate, distributed systems expert. Designed Hyperliquid L1 and HyperBFT consensus, enabling a high-performance on-chain order book.
Xulian (Core contributor): Member of Hyperliquid core team, involved in ecosystem growth and strategic investments, including cross-chain protocol Squid.