Hyperliquid

HYPE Price

What is Hyperliquid about?

Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading. Beyond its flagship DEX trading platform, the ecosystem supports borrowing, lending, real world assets (RWAs), and a full-fledged Ethereum Virtual Machine (EVM), making it a leading force in decentralized finance (defi).

Just as electronic trading dramatically improved markets in the 2000s, Hyperliquid offers an opportunity for a massive technical upgrade of the existing financial system through a transparent, efficient, and resilient blockchain. HYPE is the native token of the Hyperliquid blockchain, with a maximum supply of 1 billion.

What makes Hyperliquid unique?

The Hyperliquid blockchain is comprised of two components, HyperCore and the HyperEVM. They are secured by the same underlying consensus mechanism, HyperBFT. Both the algorithm and blockchain are optimized from the ground up to support the unique demands of the L1 blockchain. Every order, cancel, trade, and liquidation happens transparently and the chain currently supports 200k orders/second. The order book is fully onchain, ensuring greater transparency and security, as all transactions and cancellations are verifiable on the blockchain.

Hyperliquid Labs leads core development of the Hyperliquid blockchain. Hyperliquid Labs is entirely self-funded and has not taken any external capital. This independence allows the team to focus on technical and product excellence and remain committed to upgrading the global financial system.

What can Hyperliquid be used for?

Hyperliquid is best known for perpetual futures and spot trading of crypto, equities, commodities, FX, and more. Users can also borrow, lend, issue, and send assets. There is a full-fledged Ethereum Virtual Machine (EVM) that enables users and builders to access and build apps using smart contracts. This broad functionality underscores its versatility in the decentralized finance ecosystem.

Where can you buy Hyperliquid?

HYPE tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Hyperliquid is OKX, where the most active trading pair HYPE/USDT has a trading volume of $41,325,494.68 in the last 24 hours. Other popular options include Gate and Hyperliquid.

What is the daily trading volume of Hyperliquid (HYPE)?

The trading volume of Hyperliquid (HYPE) is $1,116,442,316.87 in the last 24 hours, representing a -8.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Hyperliquid (HYPE)?

Hyperliquid (HYPE) reached an all-time high of $97.96 and an all-time low of $3.81. It’s now trading -6.00% below that peak and 2,317.00% above its lowest price.

What is the market cap of Hyperliquid (HYPE)?

Market capitalization of Hyperliquid (HYPE) is $20,485,651,319 and is ranked #11 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of HYPE tokens (220 Million tokens are tradable on the market today).

What is the fully diluted valuation of Hyperliquid (HYPE)?

The fully diluted valuation (FDV) of Hyperliquid (HYPE) is $87,976,915,237. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion HYPE tokens are in circulation today. Depending on how the emission schedule of HYPE tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Hyperliquid compare against its peers?

With a price increase of 17.50% in the last 7 days, Hyperliquid (HYPE) is outperforming the global cryptocurrency market which is up 9.70%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 10.50%.