Skip to content
DEX · five-year weekly price · BTC-relative

Hyperliquid (HYPE) Price Today & Market Cap

Hyperliquid (HYPE): price, market cap and how it did against Bitcoin

Bottom line

Hyperliquid (HYPE) closed at $83.76 on 4 November 2026, with a market capitalisation of $20B (rank 11). On 30 October 2026 it was above its 200-day average of $66.37, which is rising. Over 90 days it is 49.2 percentage points ahead of Bitcoin. DEX as a theme is +0.6% against Bitcoin over 13 weeks.

Price
$83.76
as of 2026-11-04
Market cap
$20.0B
snapshot 2026-11-04
vs Bitcoin · 90d
+49.2 pts
as of 2026-10-30
30-day median volume
—
as of 2026-10-30
What it is · from the data we hold

What is Hyperliquid (HYPE)?

Hyperliquid (HYPE) is a crypto token that CoinGecko lists under decentralized exchange (DEX), smart contract platform and exchange-based tokens. We place it in the DEX theme, with 38 coins. Its highest daily close since 6 December 2024 was $97.19 on 22 September 2026; its lowest was $10.25 on 6 April 2025.

01 · the tape, against its benchmark

How has Hyperliquid moved against Bitcoin?

Hyperliquid is +97.6% over one year, +72.5% over 90 days and -1.2% over 30 days. Annualised 30-day volatility is 60%. Its deepest fall from a high inside the last 90 days is 22%. It trades above its 200-day average, which is rising.

0200400600800Nov 2021Feb 2023May 2024Aug 2025Oct 2026
HYPE · rebasedBitcoinDEX · equal weight

All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.

02 · returns, volatility and drawdown

What do Hyperliquid's returns and risk look like?

7 days+17%
30 days-1.2%
90 days+72%
180 days+117%
1 year+98%
30-day volatility60% annualised
Deepest 90-day fall22%
200-day average$66.37 · above · rising
50-day average$85.07
03 · what the protocol actually earns

Does Hyperliquid generate fees or revenue?

Hyperliquid has no complete calendar-quarter series on file yet, so no quarterly chart is drawn. DefiLlama does publish recent daily figures for it, and the last 30 and 90 days are shown below with their end date. Network activity is evidence about the protocol, not earnings owed to the token.

Fees, last 30 days$86.0M
Revenue, last 30 days$67.9M
Fees, last 90 days$253.3M
Revenue, last 90 days$202.9M
Paid to token holders, last 30 days$67.9M
Paid to token holders, last 90 days$202.9M
DEX trading volume, last 30 days$4.1B
DEX trading volume, last 90 days$12.8B
Active addresses a day, 30-day average13,500
Transactions, last 30 days12,199,919

Source: DefiLlama, daily figures summed to 2026-10-30. Fees are what users paid; revenue is the part the protocol keeps. Paid to token holders is the share of revenue DefiLlama counts as going to holders, through buybacks, burns or staking payouts. Active addresses and transactions are for the Hyperliquid network itself. Fees and revenue are summed across 4 of its products on DefiLlama.

No complete calendar-quarter series is on file yet for Hyperliquid; the recent figures above are what DefiLlama publishes today.

04 · exact additive research priority

What does the evidence say about Hyperliquid?

Hyperliquid is not rated this week, so it carries no score and no rank inside DEX. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.

Not rated this week, and why

No traded volume is reported on most of the last 30 days, so it has no liquidity reading.

Its price history is still shown above in full. A missing reading is not a middling reading, so no score is invented for it and it takes no rank inside DEX.

No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all, only a dated current snapshot, so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.

05 · the theme it competes in

How does Hyperliquid compare with other DEX coins?

Hyperliquid is one of 38 DEX coins here, 30 of which carry enough evidence to be rated and ranked. Hyperliquid is not among them this week, for the reason stated above. The table below is the theme's own scorecard, in its own order, with this coin marked.

RankCoinScoreEvidenceReadMarket capvs Bitcoin, 90d (points)
1Curve DAO CRV66.995%Better than most$404.9M+21.3 pts
2PancakeSwap CAKE65.595%Better than most$661.0M+13.2 pts
3Orca ORCA62.595%Better than most$86.1M+18.3 pts
4Uniswap UNI59.082%Mixed$4.7B+52 pts
5Raydium RAY58.395%Mixed$467.0M+148.1 pts
6DODO DODO56.850%Price-led, little network data$22.1M−2.8 pts
7Magma Finance MAGMA56.250%Thinly traded$73.9M+10.5 pts
8Aster ASTER54.443%Price-led, little network data$1.7B−9.1 pts
9THORChain RUNE54.395%Mixed$212.6M+25.6 pts
10Sushi SUSHI52.095%Mixed$55.4M+6.5 pts
11Elephant Money ELEPHANT51.419%Thinly traded$20.9M—
120x Protocol ZRX50.250%Thinly traded$80.9M+0.6 pts
13CoW Protocol COW49.879%Thinly traded$67.9M−20.6 pts
14Osmosis OSMO49.495%Thinly traded$34.9M+68.1 pts
15Cetus Protocol CETUS47.250%Thinly traded$19.5M−0.3 pts
16Baseline B47.237%Thinly traded$36.2M−6.3 pts
17Kyber Network Crystal KNC47.150%Thinly traded$23.1M−6.2 pts
18Pendle PENDLE46.895%Mixed$311.4M+10.1 pts
19Bancor Network BNT45.750%Thinly traded$27.8M−12.5 pts
201INCH 1INCH41.655%Thinly traded$113.1M−23.9 pts
—Hyperliquid HYPE this coin—0%Not rated$20.0B+49.2 pts
Showing 20 of 31 coins

The DEX scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full DEX page.

Which crypto lists is Hyperliquid on?

Hyperliquid is on 3 of our crypto lists: Top 10 cryptocurrencies by market cap, Crypto prices today in INR and Altcoins (Layer 1 coins). Every coin we track is in the full ranking on Cryptocurrencies by market cap. List membership comes from CoinGecko's categories and market-cap rank, never from a hand-picked list.

Next to it by size · every coin with a page

Which coins are closest to Hyperliquid in market cap?

Hyperliquid is number 8 by market cap among the 604 coins with a page on this site. The 4 just larger and the 4 just smaller are listed here, each with its theme, so the comparison crosses themes. Market cap is the snapshot dated 2026-11-04.

Just larger

Just smaller

All DEX crypto coins · Every crypto theme · Coins beating Bitcoin

Methodology · boundaries make the answer useful

What can make this page misleading?

This page names 5 ways its own evidence about Hyperliquid can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-11-04; market capitalisation is a separate snapshot dated 2026-11-04.

  • Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
  • Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
  • No valuation band exists for any coin: historical market capitalisation is not held at all.
  • Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
  • The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsPrice through 2026-11-04; moving averages and returns through 2026-10-30, from exchange closes; moving averages are computed, never scraped.
Protocol activityNone published for this token.
Market capSnapshot dated 2026-11-04; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly

Crypto analysis FAQs

These 8 answers cover the questions this page can settle from data it holds: what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.

What is Hyperliquid (HYPE)?

Hyperliquid (HYPE) is a crypto token that CoinGecko lists under decentralized exchange (DEX), smart contract platform and exchange-based tokens. We place it in the DEX theme, with 38 coins. Its highest daily close since 6 December 2024 was $97.19 on 22 September 2026; its lowest was $10.25 on 6 April 2025.

What is the market cap of Hyperliquid?

Hyperliquid's market capitalisation is $20B, ranking it 11 in the top-1,000 crypto universe, read on 4 November 2026. It is refreshed separately from the daily price.

Is Hyperliquid beating Bitcoin?

Over 90 days Hyperliquid is 49.2 percentage points ahead of Bitcoin: its own return minus Bitcoin's. Its theme, DEX, is +0.6% against Bitcoin over 13 weeks. Hyperliquid trades above its 200-day average as of 4 November 2026.

What is Hyperliquid's highest price?

The highest daily close we hold for Hyperliquid is $97.19, on 22 September 2026, in records from 6 December 2024. The lowest is $10.25, on 6 April 2025. The close on 4 November 2026, $83.76, is 14% below that high.

Does Hyperliquid have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

Why is Hyperliquid not rated?

No traded volume is reported on most of the last 30 days, so it has no liquidity reading. It stays on the site with its price history visible, because a missing reading is not a middling reading and a made-up score would be worse than none.

How much Hyperliquid history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Hyperliquid actually publishes. No complete quarterly series is on file for this token yet; DefiLlama's last 30 and 90 days are shown instead.

How much did Hyperliquid earn in the last 30 days?

In the 30 days to 30 October 2026, DefiLlama shows $86M of fees and $67.9M of protocol revenue for Hyperliquid. Over 90 days: $253.3M of fees and $202.9M of revenue. Fees are what users paid; revenue is the part the protocol keeps.

Not SEBI Registered !! Not Investment advice !!

More lists

All 51 lists across India, US and crypto

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI