Hyperliquid (HYPE) Price Today, Live Chart & History

Hyperliquid
HYPE
Buy Hyperliquid
Sell Hyperliquid
$ 36.67
0.00034235 BTC
Marketcap
$ 9,951,853,368
Volume (24h)
$ 304,185,489
Circulating Supply
270,772,999 HYPE
Total Supply
999,835,210 HYPE

 

Hyperliquid (HYPE) Price Chart

Explore the Hyperliquid (HYPE) live price chart for in-depth insights into its market performance.

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Hyperliquid (HYPE) Price History

Delve into the Hyperliquid (HYPE) price history to understand its long-term value trends.

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Historical Price for Hyperliquid
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Hyperliquid (HYPE) to USD Converter

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What is Hyperliquid?

Hyperliquid is a decentralized exchange built on its own Layer-1 blockchain. It focuses on derivatives and spot trading with a design that keeps core market functions on-chain. The network’s token is HYPE, which powers features like staking and participation in the ecosystem. :contentReference[oaicite:0]{index=0}

How Does Hyperliquid Work?


Hyperliquid uses a fully on-chain central limit order book. Traders place bids and asks that are matched by price-time priority, similar to centralized exchanges, but the logic executes on the chain itself. Blocks finalize quickly, and users pay standard network fees when they trade or manage orders. :contentReference[oaicite:1]{index=1}

What Makes Hyperliquid Different?


Unlike many DEXs that use automated market makers, Hyperliquid’s on-chain order book aims to deliver tighter spreads and deeper liquidity. The protocol includes controls intended to reduce oracle manipulation and seeks CEX-like performance while keeping transparency of on-chain settlement. Independent research notes its rapid growth among decentralized perp venues. :contentReference[oaicite:2]{index=2}

History and Development


Hyperliquid went live as an order-book DEX and later introduced its own chain and the HYPE token via an airdrop in 2024. Development continues through public docs, improvement proposals, and staged upgrades. One example is HIP-2 (“Hyperliquidity”), an on-chain strategy that interoperates with the native order book for spot pairs. :contentReference[oaicite:3]{index=3}

Token Supply and Economics


HYPE has a maximum supply of 1,000,000,000 tokens. Circulating supply increases over time based on emissions and unlocks, while users can stake HYPE on the network. Current circulating supply and market stats are published by major trackers and may vary across sources. :contentReference[oaicite:4]{index=4}

Use Cases of Hyperliquid


Traders use Hyperliquid for perpetual futures and spot markets with on-chain order matching. Builders can deploy apps on the chain and integrate exchange data. Institutions and individuals use the venue to access derivatives without relying on a centralized custodian. :contentReference[oaicite:5]{index=5}

Advantages of Hyperliquid


- On-chain order book for transparent matching and settlement. :contentReference[oaicite:6]{index=6}
- Performance aimed at CEX-like trading with DEX transparency. :contentReference[oaicite:7]{index=7}
- Active development with proposals that add liquidity features. :contentReference[oaicite:8]{index=8}
- Native chain and token that support staking and ecosystem growth. :contentReference[oaicite:9]{index=9}

While Hyperliquid offers many opportunities for investment and transactions, there are many other cryptocurrencies available that could align more closely with your specific needs. Whether you’re looking to diversify your portfolio or just getting started, we encourage you to check out our guide on the best crypto to buy now.

Additionally, to enhance your cryptocurrency management experience, consider reading our guides on the best crypto wallet and the best crypto app.

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