Hyperliquid Price

Coin Prices

1INCH

$0.090385

-2.27%

Price data by

DecryptHyperliquid

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Hyperliquid

hype

$57.57

0.13%

Decentralized Exchange (DEX)

Smart Contract Platform

Exchange-based Tokens

Decentralized Finance (DeFi)

24-Hour Range

$54.30

$58.25

Low

High

Market Cap (Mcap)

Rank

#11

Mcap

$13.72B

Fully Diluted Mcap

$55.39B

Supply

Circulating

238,385,316

Total

1,000,000,000

Created On

N/A

All Time High (ATH)

ATH

$62.18

ATH Change

-7.423%

ATH Date

May 21st, 2026

Total Value Locked (TVL)

TVL

$5.85B

MCap to TVL Ratio

2.35

FDV to TVL Ratio

9.47

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Hyperliquid Chart

Price

Volume

Market Cap

Other coins

Learn about Hyperliquid

What Is Hyperliquid? The Decentralized Exchange With Its Own Blockchain

Hyperliquid’s decentralized exchange has rapidly grown to become one of the biggest projects in crypto. Here’s how it works.

Hyperliquid News

May 21, 2026

Markets

HYPE Jumps Double Digits as Hyperliquid ETFs Add $25.5M

Hyperliquid's sustained uptrend continued into Thursday, as the decentralized exchange's token surged to an intraday high of $58.97. HYPE is currently trading at $57.20, up 15.3% on the day according to CoinGecko data. Its explosive gains outpaced those of Zcash (12%) and Worldcoin (7%), and comes amid renewed institutional interest. The newly launched Hyperliquid ETFs logged $25.5 million in net buying on Wednesday. That figure is 17 times higher than the token's daily Assistance Fund burn of...

by Akash Girimath · 3 min read

May 20, 2026

Coins

HYPE Surges 101% This Year: What’s Driving Hyperliquid’s Growth?

Hyperliquid's native token HYPE has surged 101% year-to-date while Bitcoin is down 12% over the same period, highlighting a decoupling that Wall Street is starting to pay close attention to. HYPE’s run looks set to continue, with users of prediction market Myriad, owned by Decrypt's parent company Dastan, seeing an 85% chance the token reaches $52 in May, up from just 14% on May 15. The token is currently trading at $51.26, less than 2% shy of the target figure, per CoinGecko data. HYPE’s diver...

by Akash Girimath · 4 min read

May 20, 2026

Opinion

Morning Minute: Markets Flip Green Overnight Ahead of NVDA Earnings

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors are slightly green with Hype leading; BTC at $77.4k HYPE jumps another 5% to $49.8; VVV leads all movers +26% Truth Social withdraws its BTC ETF filing ZEC spikes to $585 after news...

by Tyler Warner · 7 min read

May 18, 2026

Markets

Hyperliquid Defies Market Downturn as SpaceX, Anthropic, OpenAI IPOs Loom

Hyperliquid's native token HYPE is outperforming the broader crypto market slump as its pre-IPO perpetual futures ecosystem gains momentum ahead of a historic wave of technology listings. HYPE is trading at $45.17 on Monday, up roughly 5% over the past 24 hours and 69% over the past year, according to CoinGecko data. The divergence is tied to Hyperliquid’s HIP-3 marketplace, where traders are betting on pre-IPO shares of SpaceX, Anthropic, and OpenAI, a $120 billion volume opportunity that trad...

by Akash Girimath · 3 min read

May 15, 2026

DeFi

Hyperliquid Policy Arm Rejects Market Integrity Concerns Amid Oil Futures Surge

The Hyperliquid Policy Center pushed back on Friday against concerns that have reportedly been raised by incumbent exchanges on Wall Street, arguing that the decentralized exchange, or DEX, is designed in a way that’s “hostile” to insider trading and price manipulation. “Hyperliquid’s transparency serves as a strong deterrent for misconduct and facilitates surveillance, detection, and investigation by regulators and law enforcement,” the organization said in an X post, pointing to the public na...

by André Beganski · 3 min read

May 15, 2026

Opinion

Morning Minute: The Clarity Act Just Passed Its First Major Vote

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors are green but falling as treasury yields spike; BTC at $80.5k Trump Xi summit ends with some trade progress, Taiwan warning Clarity Act passes Senate Banking Committee vote, moves to...

by Tyler Warner · 7 min read

Apr 28, 2026

Business

Hyperliquid Gains Counter $216 Million Q1 Loss at Novogratz's Galaxy Digital

Galaxy Digital reported its second consecutive quarterly loss on Tuesday, indicating that tepid crypto market conditions continued to pressure the financial services firm. The company posted a first-quarter net loss of $216 million, or $0.49 per share, an improvement compared to a deficit of $295 million a year ago. For the period ended March 31, analysts had penciled in a loss per share of $0.93, according to Yahoo Finance. Galaxy’s losses narrowed on a consecutive basis. Alongside Bitcoin’s p...

by André Beganski · 3 min read

Apr 16, 2026

Law and Order

CFTC Chair Mike Selig Faces Bipartisan Pushback on Prediction Markets, Hyperliquid Perps

CFTC Chairman Mike Selig received pushback from both sides of the aisle Thursday, with lawmakers in both parties grilling the regulator about controversial new financial products under his purview, including prediction markets and Hyperliquid, the decentralized perpetual futures exchange. During a hearing today before the House Agriculture Committee, which oversees the CFTC, Democrats pressed Selig on a growing number of suspicious futures trades—timed just prior to major announcements from Pres...

by Sander Lutz · 4 min read

Apr 9, 2026

Markets

Fartcoin Leads Altcoin Slump With Double-Digit Drop

While Bitcoin hovers above $71,000, attempting to find a stable foothold, a subset of altcoins has tanked sharply, with Fartcoin leading the drop. The meme coin is down 28% from its Thursday morning peak to around $0.178, according to CoinGecko data. A closer look at the week's price action shows that Fartcoin surged from $0.166 on Tuesday to $0.247 yesterday, securing a 48% gain in under two days. That sudden spike in buying pressure was followed by a V-reversal, liquidating $48 million in lon...

by Akash Girimath · 3 min read

Apr 8, 2026

Markets

Hyperliquid Traders Face Widespread Liquidations as Oil Prices Collapse

Hyperliquid traders faced widespread liquidations as benchmark oil prices plunged on Wednesday, highlighting how the decentralized exchange’s users are growing increasingly exposed to movements in real-world assets. Over the past 24 hours, nearly 3,000 users speculating on the price of Brent and WTI crude oil had their positions forcibly closed due to adverse price swings, according to data provider Allium. Meanwhile, around 2,380 users were liquidated while trading Bitcoin perpetual futures. O...

by André Beganski · 3 min read

Mar 19, 2026

Opinion

Morning Minute: Markets Tumble as Iran War Escalates

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors fall as Iran War escalates and inflation comes in hot; BTC -4% at $70k TradeXYZ secures license from Dow Jones for S&P 500 index; HYPE briefly soars Congressmen say Clarity A...

by Tyler Warner · 7 min read

Mar 18, 2026

Markets

You Can Now Trade Official S&P 500 Perpetual Futures via Hyperliquid

Hyperliquid traders have gained access to perpetual futures that track the S&P 500 under a licensing agreement between S&P Dow Jones Indices and Trade[XYZ], enabling round-the-clock speculation on the largest publicly traded companies in the U.S. For the first time, investors outside the U.S. will be able to gain leveraged exposure to the stock index using an officially licensed product that’s also digitally native, the index provider said in a Wednesday announcement. In recent months, Trade[XY...

by André Beganski · 2 min read

Mar 10, 2026

Coins

Hyperliquid Jumps on Margin Upgrade, Oil Trading Frenzy

Hyperliquid's HYPE token extended its months-long rally as the decentralized exchange emerged as a primary venue for trading tokenized crude oil following the U.S. attack on Iran, with volume in the product surging past $1 billion. The token jumped to an intraday high of $35.28, and is up 5% in the past 24 hours and more than 120% over the past year, according to CoinGecko data—contrasting with major altcoins that remain down 40% to 70% or more during the same span. The surge comes as Hyperliqu...

by Akash Girimath · 3 min read

Mar 4, 2026

Opinion

Morning Minute: CFTC Chair Says U.S. Perpetual Futures Are Coming

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors surge 4-6% overnight; BTC at $71k CFTC chair says perps are coming to the US within the next month Trump accused the banks of undermining the Genius Act and stalling the Clarity Act Trump’s American Bitcoin leans into BTC mining while major miners pivot to AI...

by Tyler Warner · 5 min read

Feb 23, 2026

Coins

Crypto Funds Shed $4B Across Five-Week Negative Streak

Digital asset investment products logged their fifth consecutive week of outflows, extending a selloff that has now erased $4 billion from the sector amid widespread investor disinterest and macro uncertainty. Crypto funds saw $288 million in net outflows last week, bringing the five-week total to approximately $4 billion, according to a CoinShares report published Monday. Trading volumes plunged to $17 billion—the lowest level since July 2025—underscoring waning interest even as prices stabiliz...

by Akash Girimath · 3 min read

Feb 18, 2026

Law and Order

Hyperliquid Launches Policy Center With $29 Million Backing to Advocate for DeFi in DC

There’s a new heavyweight fighting for the future of decentralized finance on Capitol Hill. The Hyperliquid Policy Center, or HPC, announced its debut on Wednesday, positioning itself as a resource for U.S. policymakers on DeFi and derivatives like perpetual futures. In a press release, founder and CEO Jake Chervinsky said that blockchains are poised to become the bedrock of the financial system, and the U.S. must choose between adopting new rules to support the technology or to “wait and watch...

by André Beganski · 4 min read

Feb 16, 2026

Markets

U.S. Crypto Funds Shed $403M Amid Price Weakness: CoinShares

U.S. investors continued to exit crypto funds, while the rest of the world is buying the dip. Digital asset investment products saw their fourth consecutive week of outflows, totaling $173 million, according to CoinShares' latest report. The stretch has now erased a staggering $3.74 billion from crypto funds over the past four weeks. But the headline number masks a sharp regional divide. The United States accounted for $403 million in outflows, while Europe and Canada recorded $230 million in in...

by Akash Girimath · 3 min read

Feb 12, 2026

Markets

Aster, Hyperliquid, Hedera Jump Amid Altcoin Bounce

The cryptocurrency market cap is steadily turning green, with altcoins accelerating their recovery bounce over the past day. The native token of perps DEX Aster is up nearly 10% over the past 24 hours, making it the largest gainer in the top 50 altcoins by market capitalization. Other tokens including Hyperliquid and World Liberty Financial have followed suit, bouncing 8.9% and 7.6% respectively, according to data from price aggregator CoinGecko. The broader altcoin sector has also seen gains,...

by Akash Girimath · 3 min read

Feb 9, 2026

Markets

Hyperliquid Defies Market Rout After Ripple Tie-up, Despite Waning Sentiment

While major cryptocurrencies have declined over the past two weeks, Hyperliquid's price has posted a defiant double-digit rally over the same period, a divergence analysts attribute to its fundamental utility and reduced token supply pressure rather than speculative hype. HYPE’s performance follows two key developments for Hyperliquid: a major institutional partnership and a drastic reduction in its monthly token supply unlock. Hyperliquid’s HYPE token is up 41.5% over the past two weeks. It su...

by Akash Girimath · 3 min read

Feb 4, 2026

Business

Ripple Broadens Institutional DeFi Access With Hyperliquid Integration

Fast-growing decentralized exchange (DEX) Hyperliquid may welcome a fresh crop of users following an announcement Wednesday from crypto payments firm Ripple that it has added support for the exchange via its institutional prime brokerage platform. The Ripple Prime integration allows institutional clients to access on-chain derivatives liquidity while cross-margining their decentralized finance (DeFi) positions with other asset classes including crypto, foreign exchange, fixed income, over-the-co...

by Andrew Hayward · 2 min read