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Hyperliquid

Hyperliquid (HYPE) price

#10 in the top 100DeFi

$72.21−4.04%

Data as of November 11, 2026, 02:11 UTC+3, the price refreshes on the page

Hyperliquid (HYPE) is the native token of the Hyperliquid chain and its perpetual futures exchange.

Market cap: $17.3B
24h volume: $1.26B
Volume / market cap: 7.31%
Fully diluted value: $68.7B
Circulating supply: 239.4 M HYPE
Total supply: 951.5 M HYPE
Max supply: 1.00 B HYPE
24h range: $70.45 … $75.28
All-time high: $97.96September 23, 2026

Hyperliquid chart

1 hour−0.69%

24 hours−4.04%

7 days−16.00%

30 days−15.90%

1 year+73.86%

Price in US dollars, data from CoinGecko

Analytics

What the numbers say about how the coin behaves. Based on hourly prices over 7 days and data as of November 11, 2026, 02:11 UTC+3.

Volatility

74%moderate

1.6× higher than Bitcoin over the same week.

Link to Bitcoin

0.72clear

Mostly moves with Bitcoin. When Bitcoin moves 1%, HYPE moves 1.2% on average.

From the all-time high

−26.28%moderately below

The high of $97.96 was set on September 23, 2026.

Liquidity

7.3%high

A day’s trading equals 7.3% of market cap. Actively traded, easy to buy or sell.

Supply issued

24%under half

23.9% of the max supply is out. FDV is 4.0× market cap: more coins will enter circulation.

Place in the week’s range

9%near the bottom

The week ranged from $70.84 to $86.90, with a max drawdown of −18.48%.

Market share

0.71%notable

Share of the top-100 market cap.

What is Hyperliquid

HYPE is the native token of Hyperliquid, a layer 1 blockchain built around a decentralized derivatives exchange. The project was co-founded by Jeff Yan and is developed by a small team at Hyperliquid Labs, which says it has taken no venture capital. The exchange went live in 2023, and the Hyper Foundation launched the token on 29 November 2024. Roughly a third of the supply was airdropped to exchange users, with no allocation for private investors, centralized exchanges or market makers.

The chain has two parts that share one consensus layer, HyperBFT, a proof-of-stake design inspired by the HotStuff protocol. HyperCore runs the order books for spot trading and perpetual futures (leveraged contracts with no expiry date), so every order, cancel, trade and liquidation is recorded on chain. HyperEVM is an Ethereum-compatible smart contract environment that can tap HyperCore’s liquidity. Validators secure the network by staking HYPE, and holders can delegate tokens to them. Trading fees go to the community: part of them is automatically converted into HYPE through the Assistance Fund. Those tokens sit at a system address with no private key, and validators voted to treat them as burned.

HYPE is used for staking, for gas on HyperEVM and for trading fee discounts, and it trades on the exchange’s own spot market. Decentralized exchanges on Ethereum or Solana are sets of smart contracts that usually rely on liquidity pools, whereas Hyperliquid runs its own blockchain designed around an order book. Compared with tokens of centralized exchanges, the difference is that trades, positions and liquidations are all visible on chain.

What it’s used for

staking and delegating to validators
paying gas on HyperEVM
trading fee discounts for stakers
trading against USDC on Hyperliquid’s spot market

Risks

a small validator set: in March 2025 validators voted to delist JELLY perpetuals and settle positions at a set price, which raised questions about how decentralized the network is
the token’s value is tied to activity on a single exchange: if trading slows, fewer fees are converted into HYPE
a large part of the supply is not yet circulating, and team tokens and future reward reserves reach the market over time

Contract addresses

Check the contract address before you buy or send: fake tokens copy the name and ticker, but their address is different.

Network	Contract	Open
Hyperliquid	`0x0d01dc56dcaaca66ad901c959b4011ec`

Questions

How much is Hyperliquid worth today?

As of November 11, 2026, Hyperliquid trades at $72.21. Over 24 hours the price moved −4.04%, over 7 days −16.00%. The price on this page refreshes automatically.

How many HYPE are in circulation?

239.4 M HYPE are in circulation. Max supply is 1.00 B HYPE, so 23.9% has been issued. The fully diluted value of all coins is $68.7B.

What is the Hyperliquid all-time high?

The all-time high of $97.96 was set on September 23, 2026. The price is now 26.28% below it. The all-time low was $3.81 (November 29, 2024).

Who created Hyperliquid?

Jeff Yan is one of the co-founders, and the project is built by a small team at Hyperliquid Labs. The team says it funded development itself without venture capital, and the Hyper Foundation launched the HYPE token in November 2024.

How do you stake HYPE?

You move HYPE from your Hyperliquid spot account to the staking account and delegate it to one or more validators. A delegation is locked for one day, and moving tokens from staking back to spot takes 7 days.

Prices and analytics are for information only and are not investment advice. Market data source: CoinGecko.