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Hyperliquid

HYPE

Hyperliquid

Performant L1

hyperfoundation

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Categories:

DeFi

Layer1

Derivatives

Infra

Founded:

2022

Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience. The Hyperliquid L1 is performant enough to operate an entire ecosystem of permissionless financial applications – every order, cancel, trade, and liquidation happens transparently on-chain with block latency <1 second. The flagship native application is a fully onchain order book perpetuals exchange, the Hyperliquid DEX.

Hyperliquid Team

Hyperliquid

HYPE

Add

-4.3%

Total dollar volume24H

$262,107,824

High24H

$35.378

Low24H

$33.089

Market Cap

#18$9,057,086,044

FDV

$33,443,487,939

Market Cap / FDV Ratio

0.27

Turnover rate

2.89%

Circulating supply

270,772,999

Total supply

999,835,210

Max supply

1,000,000,000

All time high

$59.406

All time high date

Sep 18, 2025

Down from All time high

-43.69%

Cycle low

$29.189

Cycle low date

Dec 01, 2025

Up from cycle low

14.59%

Official links

Socials

Introduction

Hyperliquid (HYPE) is a high-performance Layer 1 (L1) blockchain optimized from the ground up to support a fully on-chain, open financial system. Designed to enable user-built applications that interface with native, performant components, Hyperliquid prioritizes both scalability and user experience. The platform’s vision is to create a decentralized ecosystem where every financial transaction, including orders, cancellations, trades, and liquidations, happens transparently on-chain with sub-second latency.

The Hyperliquid L1 blockchain is designed to handle up to 100k orders per second, making it suitable for a wide range of permissionless financial applications. The chain leverages a custom consensus algorithm called HyperBFT, inspired by Hotstuff and its successors, and a networking stack that has been optimized specifically for high-performance operations.

The flagship application built on Hyperliquid is the Hyperliquid DEX, a fully on-chain order book perpetuals exchange. This exchange provides users with deep liquidity and low-latency execution for advanced trading strategies. Future developments for the platform include a native token standard, spot trading, and permissionless liquidity, further expanding its ecosystem and making it a powerful tool for DeFi enthusiasts.

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