Hyperliquid
Price
Today
TL;DR: Hyperliquid (HYPE) — perp dex token — is trading at $78.84 (+2.15% in 24h) with a market cap of $17.5B (rank #11). Hyperliquid (HYPE) is the token of Hyperliquid, the leading on-chain perpetuals DEX that exploded in 2024–2025. HYPE captures fee revenue via buybacks and staking, becoming a top-10 coin on derivatives volume.
Source: CoinGecko · Updated every 60s
- Asset
- Hyperliquid (HYPE)
- Live price
- $78.84 (+2.15% 24h)
- Market cap
- $17.5B · Rank #11
- Network
- HyperEVM (Hyperliquid L1)
- Launched
- November 2024 (TGE)
- Founder
- Jeff Yan
- Supply
- 1B HYPE max · ~334M circulating · fee buybacks
- ATH
- $97.96 (Sep 23, 2026)
Last updated October 26, 2026 · Data: CoinGecko via CoinCoverage · For reference only, not financial advice.
How much is HYPE worth in dollars?
Live conversion at $78.84. For custom amounts use our crypto calculator.
| HYPE | USD |
|---|---|
| 1 HYPE | $78.84 |
| 5 HYPE | $394.2 |
| 10 HYPE | $788.4 |
| 50 HYPE | $3,942 |
| 100 HYPE | $7,884 |
Hyperliquid's price journey
Hyperliquid (HYPE) is the token of Hyperliquid, the leading on-chain perpetuals DEX that exploded in 2024–2025. HYPE captures fee revenue via buybacks and staking, becoming a top-10 coin on derivatives volume.
| Date | Price | Event |
|---|---|---|
| Nov 2024 | $3.00 | Airdrop TGE |
| Dec 2024 | $28 | Post-airdrop rally |
| Apr 2025 | $10 | Market washout low |
| Jul 2025 | $45 | Volume record rally |
| Oct 2025 | $60 | Top-10 entry |
| Jan 2026 | $35 | Correction |
| Apr 2026 | $90 | ETF + HIP-3 rally |
| Jun 2026 | $55 | Profit-taking |
| Aug 2026 | $84 | Recent level |
| Sep 2026 | Live | See live price above |
Sources: CoinGecko, exchange history. Prices approximate.
Four forces that move Hyperliquid price
Perp Volumes
HYPE tracks Hyperliquid's derivatives market share vs Binance/dYdX. Record open interest and fee days flow to buybacks — volume dashboards are the leading indicator.
Fee Buybacks
A large share of protocol fees buys back HYPE. High-volatility days = bigger burns + staking rewards, directly linking trading manias to token demand.
HIP Upgrades & HyperEVM
Permissionless perps (HIP-3), spot, and HyperEVM DeFi expansion grow fee surface. Each mainnet feature unlocks new collateral and listing-driven demand.
Airdrop Unlocks
Early airdrop recipients and vesting schedules create structural sell pressure on unlocks. Emission calendars matter as much as volumes for timing.
Hyperliquid Price — Frequently Asked Questions
What is the Hyperliquid price today?
Hyperliquid (HYPE) price today is shown live above, updated every 60 seconds from CoinGecko with 24h change, high/low, market cap and 7-day chart.
What is Hyperliquid?
Hyperliquid is an on-chain perpetuals DEX with centralized-exchange speed and DeFi custody. HYPE holders benefit from fee buybacks and staking on its own L1.
Why did HYPE rise so fast?
Record perp volumes, generous fee buybacks, a landmark community airdrop, and HyperEVM growth made it 2025's breakout DEX token — flipping dYdX, GMX and others.
Does HYPE have staking?
Yes — native HYPE staking earns from protocol activity with unbonding periods. Yields vary with trading volumes and fee share.
Is HYPE inflationary?
1B max supply with scheduled emissions; fee buybacks offset part of issuance. Net supply depends on volumes vs unlocks — check the emission schedule.
Will HYPE reach $100?
It has traded near those levels on peak volumes. Sustained $100+ needs continued derivatives dominance plus HyperEVM DeFi growth.
How is HYPE different from BNB?
Both are exchange tokens, but HYPE is on-chain with transparent buybacks tied to perp fees; BNB is a CEX-ecosystem coin tied to Binance business and burns.
What are the risks for HYPE?
Concentration in perp trading, smart-contract/bridge risk, airdrop unlock selling, and competition from Binance, Aster and other DEX chains.
Where to buy HYPE?
Natively on Hyperliquid, plus Binance, Coinbase and majors that listed spot HYPE in 2025–2026. On-chain purchase avoids CEX withdrawal delays.
Does Hyperliquid have an ETF?
Grayscale and Bitwise filed for HYPE-linked products in 2026 (e.g., HYPG). Approval status changes fast — verify latest filings before trading the narrative.