Hyperliquid (HYPE) Price Today

Hyperliquid (HYPE) is the native cryptocurrency of Hyperliquid, a high-performance Layer 1 blockchain focused on building an open, on-chain financial system. The network is best known for its decentralized perpetual futures and spot trading infrastructure, while its broader ecosystem also supports decentralized applications, lending, borrowing, and other financial products.

HYPE is used throughout the Hyperliquid ecosystem for network security, staking, governance, and transaction-related functions. The token has become one of the most closely watched assets in decentralized finance as Hyperliquid has expanded its on-chain trading activity and ecosystem.

Hyperliquid Price and Live Chart

The Hyperliquid price chart above provides live HYPE price information and market movement. You can use the chart to monitor short-term volatility, historical price trends, and changes in market sentiment.

Because cryptocurrency markets operate 24 hours a day, the price of HYPE can change continuously. Trading volume, activity on Hyperliquid, broader crypto-market conditions, token supply changes, and demand for decentralized trading can all influence the market price.

Hyperliquid Market Statistics

The live market statistics section provides the latest information for HYPE, including:

• HYPE price
• Market capitalization
• 24-hour trading volume
• Circulating supply
• Total supply
• Maximum supply
• Fully diluted valuation
• 24-hour price performance
• All-time high
• All-time low

At the time of writing, CoinMarketCap lists Hyperliquid among the largest crypto assets by market capitalization. CoinMarketCap data shows a maximum supply of approximately 1 billion HYPE, with the circulating supply representing a smaller portion of the eventual supply.

What Is Hyperliquid?

Hyperliquid is a Layer 1 blockchain designed around high-performance on-chain financial markets. Its flagship application provides decentralized perpetual futures and spot markets through an order-book-based trading system.

Unlike many decentralized exchanges that rely primarily on automated market makers, Hyperliquid uses fully on-chain order books for its core trading infrastructure. This design allows orders, trades, cancellations, and liquidations to be processed transparently on the blockchain.

The network has also expanded beyond perpetual futures. Hyperliquid now includes HyperEVM, enabling developers to build Ethereum-compatible applications that can interact with the liquidity and financial infrastructure of the Hyperliquid ecosystem.

What Is HYPE?

HYPE is the native token of the Hyperliquid blockchain.

The token serves several functions within the ecosystem, including:

• Network staking
• Governance
• Ecosystem participation
• Transaction-related utility
• Supporting the security of the Hyperliquid network

HYPE is also an important part of the economic design surrounding Hyperliquid’s decentralized infrastructure.

Who Created Hyperliquid?

Hyperliquid was developed by a team of engineers and researchers focused on building high-performance decentralized financial infrastructure.

The project gained significant attention because it approached decentralized trading differently from many earlier DeFi protocols. Instead of placing only settlement or selected components on-chain, Hyperliquid was designed to move the core trading experience onto its own blockchain.

This approach helped Hyperliquid compete directly for users seeking fast execution, deep liquidity, transparent markets, and self-custodial access to derivatives.

When Did Hyperliquid Launch?

Hyperliquid’s mainnet and trading ecosystem developed through a series of releases before the HYPE token became publicly available.

HYPE was launched through the Hyperliquid Genesis Event in November 2024. CoinMarketCap records the first major market history for HYPE around November 2024, with an all-time low of approximately $3.20 recorded on November 29, 2024.

Since then, HYPE has experienced substantial price appreciation and has become a major asset in the DeFi market.

How Does Hyperliquid Work?

Hyperliquid combines a dedicated Layer 1 blockchain with an on-chain financial trading platform.

Its architecture is designed around several important components.

HyperCore

HyperCore is the native financial infrastructure of Hyperliquid. It hosts the network’s core trading functionality, including spot markets and perpetual futures.

The order-book model allows traders to submit bids and asks directly into an on-chain market rather than relying exclusively on liquidity pools.

HyperBFT Consensus

Hyperliquid uses a consensus mechanism known as HyperBFT.

HyperBFT is designed for the performance requirements of a financial blockchain, where fast confirmation and high transaction throughput are important. Kraken describes Hyperliquid as using a customized HyperBFT consensus system optimized for high-frequency trading.

HyperEVM

HyperEVM provides Ethereum Virtual Machine compatibility within the Hyperliquid ecosystem.

Developers can use familiar Ethereum development tools and smart-contract concepts while accessing Hyperliquid’s blockchain and financial infrastructure.

This creates a bridge between decentralized applications and the high-performance trading environment that made Hyperliquid popular.

Hyperliquid Perpetual Futures

Perpetual futures are one of Hyperliquid’s most important products.

Unlike traditional futures contracts, perpetual contracts do not have a fixed expiration date. Traders can use them to take long or short positions on crypto assets while maintaining exposure through the funding mechanism.

Hyperliquid places these markets directly on its blockchain. The result is a decentralized derivatives environment where trading activity can be transparently verified on-chain.

The popularity of perpetual futures is one of the main reasons Hyperliquid has attracted significant trading volume.

Hyperliquid Spot Trading

Hyperliquid also supports spot markets.

Spot trading allows users to buy and sell assets without using a perpetual futures contract or leverage. This gives the platform a broader trading environment and allows assets to be exchanged directly through its on-chain order-book infrastructure.

The combination of spot and perpetual markets makes Hyperliquid more comparable to a full trading venue than a single-purpose DeFi application.

HYPE Tokenomics

HYPE has a maximum supply of approximately 1 billion tokens.

CoinMarketCap currently reports total and maximum supply at approximately 951.9 million HYPE, while the circulating supply is approximately 251.5 million HYPE. The difference between the maximum supply and current total supply reflects the project’s ongoing supply schedule.

The token distribution and emissions are important factors for anyone analyzing HYPE because additional tokens entering circulation can affect supply-demand dynamics.

HYPE Supply

Key HYPE supply metrics include:

• Maximum supply: Approximately 1 billion HYPE
• Current total supply: Approximately 951.9 million HYPE
• Current circulating supply: Approximately 251.5 million HYPE
• Remaining supply: Released according to the project’s token distribution and emission schedule

Supply figures can change over time as tokens become unlocked or enter circulation.

HYPE Market Cap

HYPE market capitalization is calculated by multiplying the current HYPE price by the circulating supply.

Market capitalization is useful when comparing Hyperliquid with other cryptocurrencies because it accounts for the number of tokens currently circulating rather than looking only at the price of one HYPE token.

Hyperliquid’s fully diluted valuation can be considerably higher than its circulating market capitalization because not all HYPE tokens are currently circulating.

Hyperliquid Fully Diluted Valuation

Fully diluted valuation, or FDV, estimates the value of the entire HYPE supply at the current market price.

Since HYPE has a maximum supply of approximately 1 billion tokens, FDV provides a way to evaluate the potential market value if the full supply were circulating.

Investors should therefore consider both market capitalization and FDV when evaluating HYPE. A large difference between the two figures can indicate that future token releases may have a meaningful effect on the asset’s supply.

HYPE Historical Price

HYPE’s market history begins in late 2024, making it considerably younger than cryptocurrencies such as Bitcoin and Ethereum.

CoinMarketCap records an all-time low of approximately $3.20 on November 29, 2024.

The token subsequently experienced a major upward trend as Hyperliquid’s trading platform gained users and market share.

For historical price analysis, the live chart can be used to inspect HYPE’s price movement across different time periods. Historical prices should be interpreted alongside trading volume, circulating supply, market conditions, and major Hyperliquid ecosystem developments.

Hyperliquid (HYPE) Historical Data

Hyperliquid began trading publicly in November 2024, making 2024 the first year in which HYPE has meaningful market-price history. CoinLore identifies November 2024 as the first month with recorded HYPE price data. Its first detected exchange rate was $7.56, while the lowest recorded price for that month was $6.20.

The historical table below summarizes HYPE’s price performance since launch. Because 2024 represents only part of the year, its figures should not be compared directly with full-year periods.

Year	Average Price	Highest Price	Lowest Price	Year-End Close
2024	$20.68	$35.03	$6.20	$23.92
2025	$32.28	$59.33	$9.39	$25.47
2026 YTD	$47.74	$87.93	$20.55	$84.43

Historical data source: CoinLore. 2026 figures are year-to-date and change as new market data becomes available.

HYPE Historical Price in 2024

HYPE’s market history began in November 2024. The token initially traded in the single-digit dollar range before experiencing a rapid rally during the final weeks of the year.

CoinLore records an average HYPE price of $20.68 for 2024, a yearly high of $35.03, a low of $6.20, and a year-end close of $23.92.

The November launch period was particularly volatile. Another historical dataset records November 2024 prices beginning around $3.20 and reaching above $8 during the month, illustrating why historical values can differ slightly between data providers depending on their exchange coverage and calculation methodology.

HYPE Historical Price in 2025

During 2025, Hyperliquid moved through several major price cycles.

CoinLore reports an average HYPE price of $32.28 for 2025, with a yearly high of $59.33, a low of $9.39, and a closing price of $25.47.

The year demonstrated the high volatility of a relatively new cryptocurrency. HYPE moved from below $10 during its weakest period to above $50 during its strongest period before ending the year substantially below its annual peak.

For more granular research, historical providers such as CoinGecko provide daily HYPE market-cap, volume, and closing-price records.

HYPE Historical Price in 2026

HYPE experienced another major expansion in 2026.

CoinLore’s current year-to-date dataset reports an average price of approximately $47.74, a high of $87.93, a low of $20.55, and a latest annual closing/reference value of approximately $84.43.

CoinMarketCap currently records HYPE’s all-time high at $87.99 on September 3, 2026.

The difference between the CoinLore yearly high and CoinMarketCap’s current all-time high illustrates why a historical table should identify its data source rather than combining figures from different providers.

HYPE Monthly Historical Performance

For visitors who want more detail than the annual table, a monthly summary can provide a useful middle ground between annual statistics and a complete daily database.

Month	Open	High	Low	Close
November 2024	$3.20	$8.91	$3.20	$8.71
December 2024	$8.60	$35.02	$7.21	$23.89
January 2025	$23.89	$28.30	$18.90	$26.90
February 2025	$26.90	$28.22	$17.11	$19.63
March 2025	$20.43	$20.85	$12.14	$12.95
April 2025	$13.60	$19.16	$9.44	$18.92

These monthly figures are provided by WalletInvestor’s historical HYPE dataset.

For the remainder of the historical record, the live chart should be used to display daily price movements rather than reproducing thousands of daily rows directly on the page.

HYPE Daily Historical Data

For users researching individual trading days, historical HYPE data is available from market-data providers including CoinGecko.

CoinGecko’s historical database provides daily records containing the date, market capitalization, trading volume, and closing price. Its data is recorded using UTC dates.

A daily table should use the actual historical market record for each date rather than estimated or manually generated prices. This is particularly important for HYPE because its early trading period experienced substantial volatility.

HYPE Historical Market Capitalization

HYPE’s market capitalization has expanded considerably since its launch.

CoinLore reports an average market capitalization of approximately $5.8 billion in 2024, $10.8 billion in 2025, and approximately $15.9 billion during 2026 year-to-date in its current historical dataset.

Market capitalization is calculated from the HYPE price and circulating supply, so changes in both the token price and circulating supply can affect the figure.

HYPE Historical Trading Volume

Trading activity has also changed significantly since HYPE launched.

CoinLore reports average daily volume of approximately $307.6 million in 2024, $197.6 million in 2025, and approximately $379.1 million in 2026 year-to-date. Its recorded maximum daily volume reached approximately $2.0 billion in 2026.

High trading volume can indicate periods of increased market participation, although volume alone does not determine whether an asset’s price will rise or fall.

HYPE Historical Performance Since Launch

HYPE’s early market history has been characterized by substantial volatility.

The token entered the market in November 2024, rallied sharply during its first months, experienced significant corrections during 2025, and subsequently reached new highs during 2026.

CoinMarketCap currently records the HYPE all-time high at $87.99 on September 3, 2026, compared with an all-time low of $3.20 on November 29, 2024.

This represents a very large range between HYPE’s earliest market prices and its current record high. Historical performance should not, however, be interpreted as an indication of future returns.

Historical Data Disclaimer

Cryptocurrency historical prices can differ between data providers because exchanges use different market sources, liquidity calculations, time zones, aggregation methods, and historical-data methodologies.

The annual figures above are sourced consistently from CoinLore, while the monthly figures are identified separately as WalletInvestor data. CoinMarketCap’s current ATH and ATL figures are quoted directly from CoinMarketCap.

For the most accurate daily historical chart on the page, use a single provider consistently rather than mixing daily values from different sources.

Hyperliquid All-Time High

CoinMarketCap currently records Hyperliquid’s all-time high at approximately $87.99 on September 3, 2026.

All-time-high values can change if HYPE establishes a new record. The live price chart and market statistics should therefore be used for the latest figure.

Hyperliquid All-Time Low

HYPE’s recorded all-time low is approximately $3.20 on November 29, 2024.

The move from that early market price to subsequent highs illustrates the significant volatility associated with HYPE.

HYPE Price Today

The current HYPE price is displayed through the live price and market-data section on this page.

Because HYPE trades continuously, the price can change within seconds. The most useful way to evaluate today’s price is to consider it alongside the 24-hour high, 24-hour low, trading volume, market capitalization, and longer-term price chart.

CoinMarketCap currently places Hyperliquid around the top 10 crypto assets by market capitalization, demonstrating the scale the project has reached within the broader digital-asset market.

Where Can You Buy Hyperliquid (HYPE)?

HYPE can be purchased through several cryptocurrency trading platforms. Availability varies by country, trading pair, and local regulations.

Kraken

Kraken supports HYPE and provides a dedicated Hyperliquid purchase interface. Kraken’s India page specifically describes buying HYPE through its platform and notes that regional restrictions may apply.

Kraken users can purchase HYPE using supported funding methods and can transfer the asset to a compatible external wallet.

Coinbase

Coinbase currently lists Hyperliquid and provides HYPE market information. Coinbase’s India page states that Hyperliquid is available on its centralized exchange.

Availability, payment methods, and trading functionality can vary according to jurisdiction.

Hyperliquid

Users can also access HYPE through the native Hyperliquid ecosystem. The platform provides the underlying on-chain infrastructure for Hyperliquid’s decentralized markets.

Always verify the network and wallet destination before transferring HYPE. Sending an asset through an unsupported network or to an incompatible address can result in permanent loss.

How to Buy HYPE

A typical HYPE purchase process involves:

1. Choose a supported cryptocurrency exchange.
2. Create and verify an account if required.
3. Deposit an available fiat currency or cryptocurrency.
4. Search for the HYPE trading market.
5. Select the amount of HYPE you want to purchase.
6. Review the quoted price and transaction fees.
7. Confirm the order.
8. Store HYPE on the exchange or transfer it to a compatible wallet.

The exact process depends on the exchange and country.

How to Buy Hyperliquid in India

Indian users can access HYPE through supported international or local crypto services where the asset and relevant payment methods are available.

Kraken currently provides an India-specific HYPE buying guide, while Coinbase’s India website also lists Hyperliquid as an available asset.

Before purchasing, Indian users should check the exchange’s current availability, deposit methods, withdrawal rules, applicable fees, and local tax obligations.

Hyperliquid Wallets

HYPE can be held in wallets that support the Hyperliquid ecosystem.

Users should distinguish between exchange custody and self-custody. Keeping HYPE on an exchange can be convenient for active trading, while a compatible self-custody wallet gives the user direct control over the private keys.

Wallet compatibility should always be confirmed before transferring HYPE.

Never share a wallet’s private key or recovery phrase with another person. A legitimate exchange or wallet provider will not require you to disclose a secret recovery phrase to receive or transfer funds.

HYPE Staking

HYPE is used to help secure the Hyperliquid network through staking.

Staking involves committing tokens to support the network and its validator infrastructure. In return, participants may receive staking-related rewards according to the protocol’s rules.

Staking carries risks, including token price volatility, lock-up or withdrawal conditions, smart-contract risks, and changes to network economics.

Hyperliquid Governance

HYPE also has a role in Hyperliquid governance.

Governance allows participants to have a role in decisions affecting the network and ecosystem. As Hyperliquid expands, governance can become increasingly important for determining how protocol parameters, upgrades, and ecosystem initiatives evolve.

The influence of governance participation depends on the protocol’s current rules and the user’s eligible holdings or participation.

Hyperliquid DeFi Ecosystem

Hyperliquid has expanded from a derivatives-focused trading platform into a broader DeFi ecosystem.

Applications can use Hyperliquid infrastructure for financial products such as:

• Decentralized trading
• Perpetual futures
• Spot markets
• Lending
• Borrowing
• On-chain financial applications
• Yield-related products
• Tokenized assets
• EVM-compatible decentralized applications

HyperEVM is particularly important because it allows developers to build smart contracts that can interact with Hyperliquid’s ecosystem.

Hyperliquid and DeFi

Hyperliquid’s approach differs from many traditional decentralized exchanges.

Its core trading system is designed to provide the experience of a professional trading venue while keeping the underlying activity on-chain.

This combination of decentralized settlement, transparent order books, high transaction performance, and derivatives trading has helped Hyperliquid establish a distinctive position in DeFi.

Why Is Hyperliquid Popular?

Several factors contribute to Hyperliquid’s popularity.

High-performance trading

The network is designed specifically for demanding financial applications.

On-chain order books

Hyperliquid places its core order-book trading infrastructure directly on-chain.

Perpetual futures

Perpetual markets are a major attraction for experienced crypto traders.

Growing ecosystem

HyperEVM gives developers additional opportunities to build applications around Hyperliquid liquidity and infrastructure.

HYPE token utility

HYPE has functions connected to staking, governance, and network participation.

HYPE vs Ethereum

Ethereum is a general-purpose blockchain that supports a broad range of decentralized applications. Hyperliquid is more specialized around high-performance financial markets.

Ethereum has a much larger and more diverse application ecosystem, while Hyperliquid focuses heavily on trading and decentralized finance.

HyperEVM gives Hyperliquid Ethereum compatibility, but the two networks have different architectural goals.

HYPE vs Solana

Solana is a high-performance general-purpose blockchain used for DeFi, NFTs, payments, gaming, and many other applications.

Hyperliquid is more specialized around financial markets, particularly derivatives and on-chain trading.

Both networks emphasize performance, but their ecosystems and primary use cases are different.

HYPE vs Bitcoin

Bitcoin is primarily designed as a decentralized digital monetary network and store-of-value asset.

HYPE is the native token of a specialized Layer 1 ecosystem focused on decentralized financial markets.

Bitcoin has a fixed maximum supply of 21 million BTC, while HYPE has a maximum supply of approximately 1 billion tokens.

The two assets therefore serve fundamentally different purposes.

What Is Hyperliquid Used For?

Hyperliquid can be used for several activities across decentralized finance:

• Trading perpetual futures
• Spot cryptocurrency trading
• Building decentralized applications
• Using on-chain financial markets
• Staking HYPE
• Participating in governance
• Accessing DeFi applications
• Building EVM-compatible applications
• Creating financial products around Hyperliquid liquidity

The ecosystem continues to develop as more applications are built on the network.

Hyperliquid Transaction Speed

Performance is a central component of Hyperliquid’s design.

The network was built specifically to support high-frequency financial activity. Kraken describes Hyperliquid as supporting a high-throughput environment with sub-second finality and an architecture designed for high-frequency trading.

Actual trading performance can vary depending on network conditions and application activity.

Hyperliquid Fees

Transaction and trading costs can vary depending on the activity being performed.

Trading fees can depend on factors such as the user’s trading volume, maker or taker status, market, and current fee schedule.

Network-related costs are separate from exchange trading fees in some situations.

Users should always review the current fee schedule before executing a transaction because fees and incentives can change over time.

Risks of Buying HYPE

HYPE is a volatile cryptocurrency and carries substantial investment risk.

Important risks include:

• High price volatility
• Rapid changes in market sentiment
• Token unlocks and supply expansion
• Smart-contract vulnerabilities
• Blockchain or consensus risks
• Regulatory uncertainty
• Competition from other Layer 1 networks
• Competition from centralized and decentralized exchanges
• Liquidity risk during extreme market conditions
• Leverage-related risks within derivatives markets

The strong historical performance of HYPE does not guarantee future returns.

HYPE Price Prediction

No price prediction can reliably determine the future value of HYPE.

The price can be affected by Hyperliquid trading activity, DeFi adoption, token emissions, exchange listings, competition, regulatory developments, broader cryptocurrency market cycles, and overall demand for decentralized financial infrastructure.

Investors should treat price forecasts as estimates rather than guarantees.

Is Hyperliquid a Good Investment?

Whether HYPE is suitable for an individual investor depends on their financial situation, risk tolerance, investment objectives, and understanding of cryptocurrency markets.

Hyperliquid has established a significant position in decentralized trading, and HYPE has become a major crypto asset by market capitalization. At the same time, the token remains exposed to substantial volatility and the risks associated with an evolving blockchain ecosystem.

Research the protocol, tokenomics, supply schedule, competition, and risks before making an investment decision.

Frequently Asked Questions About Hyperliquid

What is Hyperliquid?

Hyperliquid is a Layer 1 blockchain focused on high-performance decentralized financial markets, particularly perpetual futures and spot trading.

What is the HYPE coin?

HYPE is the native token of the Hyperliquid blockchain. It is used for staking, governance, and other functions within the ecosystem.

What is the current HYPE price?

The current HYPE price is shown in the live price section and updates as market conditions change.

What is the HYPE all-time high?

CoinMarketCap currently records HYPE’s all-time high at approximately $87.99, reached on September 3, 2026.

What is the HYPE all-time low?

CoinMarketCap records an all-time low of approximately $3.20 on November 29, 2024.

What is the maximum supply of HYPE?

HYPE has a maximum supply of approximately 1 billion tokens. CoinMarketCap currently reports total supply at approximately 951.9 million HYPE.

Where can I buy HYPE?

HYPE is available through platforms including Kraken and Coinbase, subject to geographic availability and applicable restrictions.

Can I buy HYPE in India?

Yes. Kraken currently provides an India-specific page for buying HYPE, and Coinbase’s India website also lists Hyperliquid as available. Availability and payment methods can change by jurisdiction.

Is HYPE the same as Hyperliquid?

HYPE is the native cryptocurrency of Hyperliquid. Hyperliquid refers to the blockchain and broader ecosystem, while HYPE is its native token.

Does Hyperliquid support smart contracts?

Yes. Hyperliquid includes HyperEVM, an Ethereum-compatible environment that enables developers to deploy smart-contract applications.

Is Hyperliquid decentralized?

Hyperliquid is designed as an on-chain financial ecosystem with decentralized infrastructure and blockchain-based settlement. However, decentralization should be evaluated across multiple dimensions, including validator distribution, governance, infrastructure, and control over protocol components.

Hyperliquid Summary

Hyperliquid is a Layer 1 blockchain built around high-performance decentralized finance and on-chain trading.

Its flagship markets focus on perpetual futures and spot trading, while HyperEVM expands the ecosystem into general-purpose smart contracts and decentralized applications.

HYPE is the native token of the network and plays an important role in staking, governance, and ecosystem participation. With a maximum supply of approximately 1 billion tokens and a rapidly developing ecosystem, HYPE has become one of the most prominent newer crypto assets by market capitalization.

The long-term success of Hyperliquid will depend on continued user adoption, network performance, developer activity, liquidity, competition, token economics, and the wider development of decentralized financial markets.