Markets · Coin
Hyperliquid (HYPE) price and market data
Layer 1 network · Perpetuals exchange
Short answer: Hyperliquid is the token of Hyperliquid, a purpose-built layer 1 chain running an on-chain perpetual futures exchange. The panel below loads its live price, market cap, volume, supply, and 24h/7d/30d performance from named public sources with the as-of time printed on it. The sections after it explain what Hyperliquid is and how it works, without quoting prices that would go stale.
What is Hyperliquid?
HYPE is the native token of Hyperliquid, a layer 1 blockchain built specifically for trading. Its main product is a decentralized exchange for perpetual futures (derivatives that track an asset's price without an expiry date) and spot markets, running entirely on its own chain rather than on Ethereum or Solana.
Hyperliquid's pitch is exchange-grade performance with on-chain settlement: a central limit order book, fast finality, and positions recorded on a public ledger instead of inside a company's database. HYPE is staked to secure the chain, pays gas in the network's EVM environment (HyperEVM), and is tied to the exchange's economics through fee-funded buybacks.
How Hyperliquid works
- The chain runs its own consensus tuned for trading, with validators staking HYPE to produce blocks at sub-second finality.
- Trading fees from the exchange fund purchases of HYPE through the protocol's assistance fund, linking the token to exchange volume.
- HyperEVM lets general smart contracts run alongside the trading engine, so other applications can build on the same chain.
- Perpetual futures on the exchange use funding payments between long and short traders to keep contract prices near the spot price.
The risk, in plain terms
HYPE's value is tied to one young exchange and to derivatives volumes, which collapse quickly in quiet markets. Leveraged perpetuals trading itself is high risk and is not what this page recommends or evaluates.
Every figure on this page comes from the named public source printed beside it. If a feed fails, the panel says so instead of presenting old numbers as live. Read the methodology for how CryptosEyes sources market data, and the disclaimer before acting on anything you read here.
Hyperliquid coverage on CryptosEyes
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Frequently asked questions
What is the current price of Hyperliquid?
The live panel at the top of this page shows the latest HYPE price in US dollars, loaded in your browser from the CoinGecko public market API with the CoinPaprika public API as fallback. It refreshes about every two minutes while the page is open and prints its source and as-of time beside the figures. An aggregator price is a market-wide average across exchanges; a single exchange can quote slightly higher or lower at the same moment.
How is Hyperliquid's market cap calculated?
Market capitalization is the current price multiplied by the circulating supply, the amount of HYPE in public hands as reported by the data source. Where the source publishes total and maximum supply, this page shows those beside the circulating figure so the gap is visible. Market cap values the circulating coins at today's price; it is not the amount of money anyone has invested in the asset, and it moves whenever either the price or the reported supply changes.
Is HYPE a good investment?
CryptosEyes does not make that call for any asset. This page publishes market data with named sources and explains how Hyperliquid works, so you can judge it against your own research. The risk to understand first: HYPE's value is tied to one young exchange and to derivatives volumes, which collapse quickly in quiet markets. Leveraged perpetuals trading itself is high risk and is not what this page recommends or evaluates.
Market data only, not investment advice. Back to all crypto prices or Weekly Movers.