About Hyperliquid
Hyperliquid (HYPE) is the native asset of the Hyperliquid Layer 1, a custom blockchain optimised for an on-chain perpetual-futures exchange. Launched in 2023 and followed by a large community airdrop in November 2024, HYPE is designed to align traders, market makers, and validators around a single, vertically-integrated derivatives venue that runs entirely on-chain with sub-second matching and centralized-exchange-style UX.
Hyperliquid uses a custom HyperBFT consensus that finalises transactions in a fraction of a second, enabling a fully on-chain order book and matching engine for spot and perpetual markets. HYPE is used for staking to validators, paying gas, and bidding for spot-listing slots through on-chain auctions. A meaningful share of protocol fees is used to buy back HYPE from the open market, while the chain also supports an EVM environment for general smart contracts.
The Hyperliquid ecosystem centres on the perpetual-futures DEX, which has consistently ranked among the highest-volume on-chain derivatives venues, alongside spot markets, vaults, and a growing roster of HIP-1 listings. The HyperEVM extension allows third-party developers to deploy DeFi, money markets, and structured products that reuse Hyperliquid's liquidity, custody, and price feeds.
Crypto Market Watch tracks the live Hyperliquid price ranked #13 by market capitalisation, 24-hour and 7-day price changes, market capitalisation, trading volume, circulating supply, and all-time highs and lows on this page. Data refreshes continuously throughout the trading day so investors can monitor HYPE market activity in real time.
