What is Hyperliquid?

Hyperliquid (HYPE) is an altcoin currently ranked 9th by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.

Market position

At the current price of $54.49, Hyperliquid carries a market capitalization of $18.19B. Daily trading volume across exchanges sits at roughly $853.09M. That works out to a 24-hour turnover of about 4.69% of the float — consistent with healthy market activity for a mid-to-large cap asset.

Price action across timeframes

Over the past 24 hours, Hyperliquid has moved -7.76%; over the past week, Hyperliquid has moved -25.07%; over the past 30 days, Hyperliquid has moved +79.24%.

Cycle position

Hyperliquid is currently trading well below its all-time high (all-time high of $75.46, -27.8% from peak). . From its all-time low of $0.00000130, current pricing represents a +4,191,538,362% recovery.

Supply & dilution

The circulating supply stands at 999,993,930 HYPE. With 100.0% of the maximum supply already issued, future dilution is near-zero — almost all token issuance is behind us.

Volatility profile

Recent price action puts Hyperliquid in the High-volatility bucket. The asset has been actively trading, with daily moves that would be unusual in traditional equities. Over the past 30 days, the 30-day move totals +79.24%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate Hyperliquid

A balanced read on HYPE typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is HYPE performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Hyperliquid (HYPE) is a decentralized perpetual exchange designed for trading cryptocurrency derivatives with high efficiency and low latency. It aims to provide users with a seamless trading experience while ensuring liquidity and security. Source: CoinPaprika.com