Hyperliquid Statistics 2026: Perp DEX, TVL, and HYPE Token Data

Hyperliquid’s parent-protocol total value locked stood at $5.903 billion on 2026-06-24 across the Hyperliquid L1 chain and its Arbitrum bridge, with $245.244 billion in trailing 30-day perpetual-futures volume against a category total of $672.49 billion, per DefiLlama on-chain aggregation. That works out to a 36.47% share of the entire perp DEX category. Parent TVL splits across the L1 chain and the Arbitrum bridge, with an all-time peak of $6.170 billion logged on 2025-09-21. L1 chain holdings round to $5.537 billion. Arbitrum bridge holdings round to $366.4 million.

The protocol’s lead over the rest of the perp DEX field is wider than aggregate stats suggest. Hyperliquid’s 30-day reported volume of $245.244 billion sits roughly 4x above the next-largest competitor, Aster, at $61.42 billion. The data below covers TVL trajectory, perp DEX volume and market share, open interest, HYPE token metrics, the Assistance Fund buyback pool, validator distribution, and the multi-year compounding curve from the protocol’s June 2023 launch baseline. Every figure carries an as-of date of 2026-06-24 unless noted otherwise.

Key Takeaways

• Hyperliquid parent TVL on 2026-06-24 stood at $5.903 billion, split across the Hyperliquid L1 chain and the Arbitrum bridge. L1 chain: $5.537 billion. Arbitrum bridge: $366.4 million.
• The perp DEX out-scaled the next-largest competitor at $61.42 billion by roughly four times on trailing 30-day volume. That works out to a 36.47% share of the perp DEX category’s trailing 30-day volume.
• Hyperliquid open interest reached $9.019 billion, representing 59.67% of all perp DEX OI of $15.115 billion.
• The HYPE token traded at $60.44 with a market cap of $13.446 billion, ranked #10 by market cap on CoinGecko.
• Assistance Fund wallet has accumulated 44,528,131 HYPE through fee-funded buybacks.
• 5 of the top 10 Hyperliquid validators are Hyper Foundation entities, controlling a combined 48.90% of staked HYPE.
• Trailing 30-day Hyperliquid revenue reached $63.01 million against $79.77 million of fees, an implied 78.99% routing ratio to the Assistance Fund.

Editor’s Choice

• Hyperliquid parent TVL: $5.903 billion as of 2026-06-24.
• Perp DEX 30-day reported volume: $245.244 billion.
• Perp DEX open interest: $9.019 billion, representing 59.67% of all perp DEX OI.
• HYPE market cap: $13.446 billion, ranked #10 on CoinGecko.
• HYPE fully diluted valuation: $57.747 billion.
• Hyperliquid all-time fees since launch: $1.378 billion.
• HYPE all-time high: $76.70 on 2026-06-16.

Hyperliquid Total Value Locked (TVL)

• Parent protocol TVL reached $5.903 billion on 2026-06-24, combining the Hyperliquid L1 chain and the Arbitrum bridge under one parent dimension on DefiLlama.
• Hyperliquid L1 chain holds $5.537 billion of that total, with $366.4 million sitting on the Arbitrum bridge.
• The all-time TVL peak is approximately $6.170 billion, logged on 2025-09-21.
• Parent TVL 30 days prior to the snapshot date stood at approximately $5.529 billion.
• Parent TVL 90 days prior (2026-03-27) sat at approximately $4.871 billion.
• Parent TVL 180 days prior (2025-12-27) measured approximately $4.141 billion.
• Parent TVL 365 days prior (2025-06-25) stood at approximately $3.707 billion, marking a 59% rise over the trailing 12 months.
• The DefiLlama TVL series for Hyperliquid begins on 2023-06-09, anchoring a three-year compounding curve from a near-zero baseline.

Source: DefiLlama Hyperliquid parent protocol

Looking at the broader DeFi market data pillar, TVL series that compound from near-zero baselines tend to reach plateau ranges within three to four years. Hyperliquid’s parent TVL is sitting roughly 4% below its all-time peak with a positive 12-month delta. A TVL series that lands within 5% of its ATH while still posting positive year-over-year growth is the structural picture of a protocol approaching capacity rather than fading. Volume share is even more lopsided than TVL share; the perp DEX dominates its category.

Hyperliquid Perp DEX Volume and Market Share

• Hyperliquid logged $245.244 billion in trailing 30-day reported perpetual-futures volume on 2026-06-24, against a category total of $672.49 billion.
• That gives Hyperliquid a 36.47% share of the trailing 30-day perp DEX volume across all platforms DefiLlama tracks.
• On a 24-hour basis, Hyperliquid’s $9.812 billion normalized volume against the category’s $22.548 billion drives a 43.52% 24-hour share, higher than the 30-day average.
• Reported 24-hour volume was $9.776 billion; reported 7-day volume reached $48.616 billion.
• The next-largest perp DEX, Aster, posted $61.42 billion in 30-day reported volume, roughly one-quarter of Hyperliquid’s print.
• ApeX Protocol came in third on 30-day volume at $51.252 billion, followed by Lighter at $45.012 billion and Grvt at $40.475 billion.
• The category posted a Weekly Change of -4.31% in perp volume, per DefiLlama’s category aggregate.

Source: DefiLlama Perps category, 2026-06-24

By the numbers: DefiLlama records Hyperliquid at $245.244 billion in trailing 30-day perp volume against a $672.49 billion category total, with $48.616 billion in 7-day reported volume. The 4x gap to Aster’s $61.42 billion print is the widest single-quarter dominance reading in the category since DefiLlama began tracking perp DEXs.

Open interest tells a sharper story than volume share alone.

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Recent Developments

• 2026-06-24: Hyperliquid parent TVL stood at $5.903 billion, with $5.537 billion on the L1 chain and $366.4 million on the Arbitrum bridge, per DefiLlama on-chain aggregation.
• 2026-06-24: Hyperliquid captured 36.47% of the perp DEX category’s $672.49 billion trailing 30-day volume, a 4x gap over the next-largest competitor (Aster at $61.42 billion).
• 2026-06-24: Hyperliquid open interest reached $9.019 billion (59.67% of category OI of $15.115 billion), per DefiLlama Perps category.
• 2026-06-16: HYPE printed a new all-time high of $76.70 per CoinGecko historical-data series; the token has since traded between $59.18 and $63.02.
• 2026-06-24: Hyperliquid revenue for the trailing 30 days reached $63.01 million, of which approximately 99% routes to the Assistance Fund, a community buyback pool that has accumulated 44,528,131 HYPE.
• 2026-06-24: 5 of the top 10 Hyperliquid validators are Hyper Foundation entities, collectively controlling 48.90% of staked HYPE per Hypurrscan.

Hyperliquid Open Interest and the OI-Volume Gap

• Hyperliquid open interest stood at $9.019 billion on 2026-06-24, against a perp DEX category total of $15.115 billion.
• That yields an OI share of 59.67%, well above the 36.47% 30-day volume share.
• The next-largest perp DEX by OI is Aster at $1.71 billion, roughly one-fifth of Hyperliquid’s OI.
• Lighter holds $716.07 million in OI, Grvt $358.47 million, and ApeX Protocol only $107.8 million despite ranking third on volume.
• Hyperliquid’s OI share (59.67%) runs well above its 30-day volume share (36.47%), a roughly 23-point gap. A spread of this size is consistent with positions held overnight skewing larger than the day-to-day trading flow alone would suggest.

A 23-point spread between OI share and 30-day volume share is the cleanest signal in this dataset that institutional-sized capital concentrates on Hyperliquid even when flow disperses elsewhere; readers tracking crypto exchange market share data should treat OI as the leading indicator, not 24-hour volume.

The spot side of the orderbook scales differently from perps.

Hyperliquid Spot DEX Volume

• Hyperliquid’s spot orderbook handled $147.32 million in trading volume in the trailing 24 hours on 2026-06-24.
• Seven-day spot volume reached $989.37 million, a rough multiple of seven over the daily print.
• Thirty-day spot volume came in at $6.036 billion on the Hyperliquid Spot Orderbook adapter.
• All-time spot trading volume since launch reached $156.874 billion on the Hyperliquid L1 chain.
• The DefiLlama dimension adapter tracks Hyperliquid Spot Orderbook as a child protocol of the Hyperliquid parent, separate from the perp adapter.

Spot volume sits at roughly 2.5% of the perp print on a 30-day basis ($6.036 billion vs $245.244 billion). The protocol is overwhelmingly a perpetual-futures venue, with spot trading running as a secondary surface. Fees flow predictably from volume, and most route somewhere unusual.

Hyperliquid Fees, Revenue, and the Assistance Fund

• Hyperliquid generated $2.58 million in fees in the trailing 24 hours on 2026-06-24.
• Seven-day fees reached $15.06 million across the combined perp and spot adapters.
• Trailing 30-day fees came in at $79.77 million, with all-time fees since launch totaling $1.378 billion.
• Trailing 24-hour revenue was $1.93 million, with 7-day revenue of $11.51 million.
• Trailing 30-day revenue reached $63.01 million, and all-time revenue stands at approximately $1.176 billion.
• Hyperliquid Spot Orderbook adapter methodology states that 99% of fees route to the Assistance Fund for buying HYPE tokens, excluding unit-protocol fees.
• Before 2025-08-30, the supply-side share was 3%, with the remainder including unit-protocol fees; the current split sends 1% to HLP Vault suppliers and 99% to the Assistance Fund.

Source: DefiLlama Hyperliquid fees and revenue summaries, 2026-06-24

Why it matters: Trailing 30-day revenue of $63.01 million combined with the 99% Assistance Fund routing rule (per DefiLlama methodology) translates fee generation directly into HYPE buy-pressure. Assistance Fund wallet has accumulated 44,528,131 HYPE through these buybacks, a structural mechanism that compounds with every active trading day.

With the revenue line covered, the next surface to read is the HYPE token itself.

HYPE Token Price, Market Cap, and Trading Volume

• The HYPE token traded at $60.44 on 2026-06-24, ranking #10 by market cap on CoinGecko’s global aggregation.
• Market capitalization reached $13.446 billion based on the circulating supply data CoinGecko aggregates from on-chain wallets.
• Daily trading volume across 66 exchanges and 83 markets totaled $690.88 million on 2026-06-24.
• Trailing 1-year return on HYPE is +58.7%, with a 7-day return of +19.4% and a 24-hour change of +2.4%.
• The 24-hour range on 2026-06-24 ran from $59.18 to $63.02, with HYPE currently sitting -21.2% below its all-time high.
• HYPE’s all-time high is $76.70, printed on 2026-06-16, eight days before the snapshot date.
• The all-time low is $3.81, set on 2024-11-29; the current price represents a +1486.9% gain from that floor.
• CoinGecko reports a BTC-equivalent price of 0.001014 BTC per HYPE, useful for cross-asset benchmarking against Bitcoin’s all-time high reference.

Source: CoinGecko HYPE coin page, 2026-06-24

Price tells a snapshot story; supply tells the longer-term one.

HYPE Token Supply, Treasury, and FDV

• HYPE circulating supply on 2026-06-24 stood at 222,445,714 HYPE, per CoinGecko’s estimated circulating calculation.
• Total chain supply reached 955,307,079 HYPE, against a coded maximum of 1,000,000,000 HYPE.
• Hyper Foundation wallet (0xd57e) holds 60,202,862 HYPE, the third-largest non-circulating allocation.
• The HyperLabs wallet (0x43e9) holds 241,501,992 HYPE, the second-largest single non-circulating allocation.
• Future Emissions wallet (0xdddd) holds 428,062,211 HYPE, the protocol’s largest pool of pending supply.
• Assistance Fund wallet (0xfefe) holds 44,528,131 HYPE, accumulated through fee-funded buybacks.
• Community Grant wallet (0xa20f) holds 3,094,299 HYPE, subtracted from the circulating-supply calculation.
• Total treasury holdings (HYPE held by public companies and governments) reached 19,724,727 HYPE as of 2026-06-24.
• Fully diluted valuation (FDV) measured $57.747 billion, with a market-cap-to-FDV ratio of 0.23, meaning roughly 23% of the maximum supply is currently circulating.

Source: CoinGecko HYPE supply breakdown, 2026-06-24

The supply numbers set up the staking concentration that follows.

HYPE Token Staking, Validator Concentration, and Historical Returns

• Hyper Foundation 2 (0xa82f) is the single-largest Hyperliquid validator, holding 55.54 million HYPE at 12.73% of staked supply.
• Hyper Foundation 3 (0x80f0) holds 55.41 million HYPE at 12.70% of the stake.
• Hyper Foundation 1 (0x5ac9) holds 52.44 million HYPE at 12.02% of stake.
• Hyper Foundation 4 (0xdf35) holds 34.68 million HYPE at 7.95% of the stake.
• Hyper Foundation 5 (0x66be) holds 15.28 million HYPE at 3.50% of stake, completing the 5 Foundation entities inside the top 10.
• Anchorage By Figment (0x420a) is the largest non-Foundation validator at 26.73 million HYPE (6.13% of stake) with a 10% commission rate.
• Hypurrscanning, the L1 explorer’s validator, holds 23.18 million HYPE at 5.31% of stake.
• Hyperliquid Strategies x Unit, a partnership with the Nasdaq-listed PURR ticker, holds 22.44 million HYPE at 5.14% of stake.
• Historical staking returns logged on Hypurrscan: 41.53% full-year 2024, 15.73% full-year 2025, and 6.14% year-to-date through 2026-06-24.
• Year 2026 monthly returns broke down as January +6.40%, February +0.08%, March +0.10%, April -0.52%, May +0.11%, June -0.01%, per the Hypurrscan yield table.

Source: Hypurrscan staking dashboard, 2026-06-24

Aggregating the five Hyper Foundation entities (HF-1 through HF-5) yields a combined stake share of 48.90% of staked HYPE concentrated under Foundation control. Foundation-affiliated validators controlling nearly half of staked HYPE is a legitimate counterweight; readers should price against the marquee TVL figure. Concentration of stake under one umbrella reduces credible-neutrality signals even when the underlying TVL grows.

The historical returns table is descriptive, not predictive; past staking yields on Hypurrscan reflect on-chain protocol economics specific to each calendar year and carry no implication of forward-looking returns. The trajectory section reframes scale against the protocol’s launch baseline.

Hyperliquid’s Multi-Year TVL Trajectory

• Parent TVL on 2023-06-26 stood at approximately $0.003 billion, just weeks after the DefiLlama series began on 2023-06-09.
• One year later, on 2024-06-25, parent TVL reached approximately $0.382 billion, a roughly 127x rise in the first year.
• On 2025-06-25, the protocol had compounded to approximately $3.707 billion, close to a 10x jump in year two.
• As of 2026-06-24, parent TVL sits at $5.903 billion, a roughly 1,966x rise from the June 2023 baseline over three calendar years.
• The all-time peak of $6.170 billion on 2025-09-21 was reached 27 months after the DefiLlama series began tracking the protocol.

Source: DefiLlama Hyperliquid parent protocol historical series

Looking across the global crypto adoption data pillar, three-year compounding curves from near-zero baselines are typically driven by primary-market token issuance rather than organic TVL. Hyperliquid’s curve sits in the small minority of protocols where the TVL series matches the timeline of native trading activity. Within that trajectory, the L1-vs-Arbitrum split reshaped after the Hyperliquid L1 chain launched.

Hyperliquid L1 vs Arbitrum, The Chain-Split TVL Picture

• Hyperliquid L1 chain currently holds $5.537 billion of the parent TVL, or roughly 93.8% of the combined figure.
• Arbitrum bridge holds the remaining $366.4 million, or roughly 6.2% of the parent total.
• DefiLlama records the parent TVL split across two chains, the Hyperliquid L1 chain and the Arbitrum bridge.
• Hyper Foundation’s official site positions Hyperliquid as a Layer 1 blockchain, describing the network as a hyper-performant chain for building projects and exchanging assets; DefiLlama’s protocol description adds that the ecosystem supports borrowing, lending, RWAs, and a full-fledged EVM.
• The DefiLlama protocol description records two chains under the Hyperliquid parent: the Hyperliquid L1 chain and the Arbitrum bridge.

That chain-split context positions Hyperliquid alongside its perp DEX peers.

Hyperliquid vs Other Perp DEXs (Aster, Lighter, ApeX, Grvt)

• The top 10 perp DEXs tracked by DefiLlama on 2026-06-24 collectively traded $672.49 billion in 30-day volume across the category.
• Aster sits in second place with $61.42 billion in 30-day reported volume, a 4x gap to Hyperliquid’s print.
• ApeX Protocol ranks third at $51.252 billion, ahead of Lighter at $45.012 billion.
• Grvt rounds out the upper tier at $40.475 billion in 30-day volume.
• ApeX’s 24-hour OI is $107.8 million, the lowest among top-five perp DEXs by volume despite its third-place volume ranking.
• The category’s perp Volume 24h aggregate stood at $22.548 billion on 2026-06-24.

Source: DefiLlama Perps category, 2026-06-24

The compression between ranks 2 and 5 is tight. Aster ($61.42 billion), ApeX ($51.252 billion), Lighter ($45.012 billion), and Grvt ($40.475 billion) all fall inside a $21 billion band, while Hyperliquid sits roughly $184 billion above that band on 30-day volume. Readers benchmarking the perp DEX field against centralized venues can cross-reference crypto exchange volume statistics for the wider centralized market backdrop. Most fees route into a buyback pool; here’s how that pool actually works.

The HYPE Buy-Back Pool: How the Assistance Fund Works

• Assistance Fund methodology on DefiLlama records that approximately 99% of fees go to the Assistance Fund for buying HYPE tokens, excluding unit protocol fees.
• The supply-side allocation rule sends 1% of fees to HLP Vault suppliers; before 2025-08-30, it was 3% plus fees for the unit protocol.
• The methodology explicitly notes: “ProtocolRevenue: Protocol doesn’t keep any fees”, meaning Hyperliquid, the protocol, does not accumulate a treasury from operations.
• Assistance Fund wallet (0xfefe) currently holds 44,528,131 HYPE.
• At the spot price of $60.44, the Assistance Fund’s HYPE holdings carry an implied dollar value of approximately $2.691 billion as of 2026-06-24.

Source: DefiLlama Hyperliquid revenue methodology and CoinGecko HYPE supply, 2026-06-24

The 99% routing rule turns trading fees into a structural buyback engine, so revenue growth flows back into HYPE buy-pressure rather than into a protocol treasury. Buyback-as-burn designs of this shape have become a recurring pattern across crypto token economies and sit at the center of how regulators evaluate token-economic legitimacy.

How does Hyperliquid make money?

Hyperliquid generates revenue from trading fees on its perp and spot orderbooks, but the protocol itself does not retain the proceeds. Per the DefiLlama methodology disclosure, 99% of fees route to the Assistance Fund for HYPE buybacks (excluding unit-protocol fees), with 1% flowing to HLP Vault suppliers. The methodology page explicitly records “ProtocolRevenue: Protocol doesn’t keep any fees”, meaning Hyperliquid’s operating model is structurally pass-through.

The economic loop runs from user trading fees into the Assistance Fund’s HYPE buyback program. Trailing 30-day revenue of $63.01 million translates into roughly that dollar amount of HYPE buy pressure each month, with the cumulative wallet now holding 44,528,131 HYPE. The supply-side share was higher before 2025-08-30 (3% plus unit-protocol fees); the current 1%-to-99% split concentrates more value into the buyback engine.

Is HYPE a security?

The classification of HYPE under US securities law has not been formally determined by the SEC or CFTC as of the snapshot date, and this profile does not offer a legal opinion on the question. Readers tracking how US regulators have approached similar tokens can review the SEC and CFTC crypto regulatory data pillar for context on the enforcement patterns applied across major token categories.

CoinGecko ranks HYPE as the #10 asset by market cap with a $13.446 billion capitalization and $57.747 billion FDV, placing it inside the cohort of large-cap tokens that have historically attracted regulatory attention. The validator-concentration profile- 5 of the top 10 validators are Hyper Foundation entities controlling a combined 48.90% of stake- is one of the structural facts a regulatory analysis would price in. No reliable assertion can be made beyond the descriptive on-chain and market data captured in this profile; legal classification remains an open question that primary regulatory filings will eventually answer.

How many wallets use Hyperliquid?

Hypurrscan reports validator-level delegator counts ranging from 7 to 11 delegators per top-10 validator, but does not publish a single aggregate count of unique users across the Hyperliquid L1 chain on the public staking dashboard at the snapshot date. The protocol’s user base is observable through trading-volume distribution and the depth of HYPE holdings across wallets rather than a single headline number.

CoinGecko’s HYPE supply breakdown identifies five large-wallet allocations. Hyper Foundation, HyperLabs, Future Emissions, Assistance Fund, and Community Grant collectively hold 777,389,495 HYPE of the 955,307,079 HYPE total chain supply. The remaining 177.9 million HYPE sits across the broader holder base outside the five large allocation wallets. The broader wallet-holder population context sits inside the self-custody wallet statistics pillar, which covers cross-protocol self-custody trends that include Hyperliquid-resident addresses.

Conclusion

Hyperliquid’s 2026 statistical profile shows a perp DEX category-defining protocol rather than a leader among peers. Parent TVL of $5.903 billion sits roughly 4% below the all-time high of $6.170 billion logged nine months earlier, while $245.244 billion in 30-day perpetual-futures volume delivers a 36.47% category share and a 4x gap over the next competitor.

Four structural pillars stand out across the dataset: category-defining perp volume dominance, an institutional-positioning signal in the 59.67% open interest share, the Assistance Fund’s 99% fee-routing mechanic that has accumulated 44,528,131 HYPE of buyback inventory, and Foundation-weighted validator concentration at 48.90% of staked HYPE: the YMYL caveat readers should hold alongside every other figure on this page. As long as fees stay positive, the Assistance Fund mechanic continues to compound circulating-supply pressure, a structural feature rather than a forecast. Every figure here carries an as-of date of 2026-06-24; metrics on a weekly-volatility cadence will reset against the next snapshot window.