HYPEMarket cap rank 11

Hyperliquid (HYPE) price and heat score

$93.86
24h +1.7% · 7d +21.0% · 30d +23.0%
19
Heat scoreCOLD▼ -5 vs yesterday
Decentralized Exchange (DEX)Smart Contract PlatformExchange-based TokensDecentralized Finance (DeFi)DerivativesPerpetuals

Hyperliquid (HYPE) trades at $93.86, up 23.0% over the past 30 days. Its market cap — supply times price — is $20.9B, the 11-largest in crypto. Over a year it is +73% (up), and it sits -1% from its all-time high. Total value locked on this chain is $1.4B, or 0.07x its market cap. On tradability, the book is thin, so incoming money moves the price easily. Taken together, the overall heat score is 19 (COLD). A higher number means more of the conditions for a rally are in place — it is not a price forecast.

One-year chart (daily close; hover for the price)
Candlestick chart (about a year; green = up, red = down; hover for OHLC)
$20.09$38.69$57.28$75.88$94.4809/2103/2409/20
Each candle shows the open, high, low and close for its period.
Price
$93.86
Market cap
$20.9B
FDV
$89.7B
24h volume
$859.5M
24h / 7d / 30d
+1.7% / +21.0% / +23.0%
From ATH
-0.7%
Chain TVL
$1.4B
Circulating / total
23%
Community bullish
46%
CoinGecko poll

⚠ FDV is 4.3x market cap — watch for selling pressure from supply still to unlock

Profile What kind of asset is Hyperliquid?

A mechanical read on Hyperliquid (HYPE) from market data — a first impression to start from, not a verdict.
Market size
Large cap
A large-cap asset inside the top 50 (ranked #11)
Price swings
Moderate (24h range 4.2%)
Price movement within a normal range
Liquidity (24h volume)
High
Over $100M traded in a day; liquidity is ample
Dilution risk
Large (22% circulating)
A large share is still locked, leaving structural dilution pressure ahead
Long-term trend
Up sharply over 1 year (+73%)
The direction on a longer time frame
A qualitative summary based on market data. This is not investment advice.

Overview What is Hyperliquid

Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading. Beyond its flagship DEX trading platform, the ecosystem supports borrowing, lending, real world assets (RWAs), and a full-fledged Ethereum Virtual Machine (EVM), making it a leading force in decentralized finance (defi).

Just as electronic trading dramatically improved markets in the 2000s, Hyperliquid offers an opportunity for a massive technical upgrade of the existing financial system through a transparent, efficient, and resilient blockchain. HYPE is the native token of the Hyperliquid blockchain, with a maximum supply of 1 billion.

The description is based on public information from CoinGecko.This is information, not investment advice.

Price detail Price levels for Hyperliquid

Key price levels for Hyperliquid (HYPE). Crypto is divisible, so you can buy well under a whole coin.
Current price
$93.86
as of 2026-09-21
24h range
$89.91 – $93.89
Low to high over the past 24 hours
All-time high
$94.48
The highest price on record (2026-09-19)
Distance from ATH
-0.7%
Trading near its all-time high
All-time low
$3.81
The lowest price on record (2024-11-29)
Distance from ATL
+2,364%
About 25x its all-time low
Where it sits in today's range
Low $90Near the top of today's rangeHigh $94

Signals Catalysts currently in play (auto-extracted)

📈
Uptrend continuing
+21.0% over 7 days, +23.0% over 30. Both the short and medium term point up, and momentum is behind the move.
🚀
Near its all-time high
Trading -1% from its all-time high. At these levels, chasing further upside carries the risk of buying into an overheated move.
🪫
Public repository is quiet
No public commits in the past four weeks (development may be happening in private). Worth confirming the project's continuity separately.
These signals are extracted automatically by deterministic rules from the data on this page — price, volume, unlocks, development activity and chain usage. They do not forecast prices, and they contain no social-media rumour or speculation.This is not investment advice.

Returns Performance by period

Returns over each period, so you can compare short-term momentum against the longer-term trend at a glance. Positive is a gain, negative a loss.
1 hour-0.2%24 hours+1.7%1 week+21.0%2 weeks+7.2%1 month+23.0%200 days+193.7%1 year+72.9%
1 hour
-0.2%
24 hours
+1.7%
1 week
+21.0%
2 weeks
+7.2%
1 month
+23.0%
200 days
+193.7%
1 year
+72.9%
Over the past 30 days it has run about 20 points ahead of Bitcoin (+3.4%), the market's benchmark. (HYPE: +23.0%)
Past performance, which does not guarantee future results.

Supply Who controls the supply

Of the maximum supply of 1,000,000,000 HYPE, 22% is on the market today. 96% has been issued so far; the remaining 4% is still to come from future issuance — that is future dilution waiting to happen.
Circulating 22%Issued but locked 73%Not yet issued (issuance) 4%
Market cap vs FDV (the dilution already priced in)
Market cap
$20.9B
Value of the circulating supply
FDV (fully diluted)
$89.7B
If the entire supply were circulating
Fully diluted valuation is about 4.3x the current market cap. Releasing everything still locked would expand supply sharply, so structural dilution pressure is high.

Project Project information and governance

Community sentiment
46%
The share of bullish votes in CoinGecko's poll. Not a price forecast.
Category & ecosystem
Decentralized Exchange (DEX) Smart Contract Platform Exchange-based Tokens Decentralized Finance (DeFi) Derivatives Perpetuals Layer 1 (L1) Proof of Stake (PoS)
Major venues
Gate, OKX, Bybit, Coinbase Exchange, Kraken, Bitget, Hyperliquid, KuCoin
External links point to each project's own official pages.We do not vouch for what those pages contain.

Heat score Heat factor breakdown

19
Heat scoreCOLDOverall heat score
How the overall score is built: market gate 45 (applied to everything) × geometric mean of the four factors 42 (momentum, liquidity, fundamentals and supply, multiplied together) → 19. It is not a simple average: a weak market holds the whole score down, and a single weak factor drags the rest with it.
Heat scoreMarket gate (shared by all assets)
2026-07-19dashed line = 502026-09-21
→ Over these 65 days heat peaked at 35 (2026-08-28) and bottomed at 12 (2026-08-03); it now stands at 19.
→ Over the same period the market gate moved between 42 and 80. The gate applies to every asset alike, so that much of the movement is not specific to this one.
The history is not a log of past scores. Each day is recomputed from that day's raw data using the current formula, so a change to the formula moves the whole line rather than creating a break in it. Collection began on 19 July 2026; nothing earlier can be reconstructed.
Factor breakdown (0–100; higher means more conditions are in place)
Regime (market gate) gate
45
→ The market gate is neutral. Asset-specific factors decide this one.
Momentum
100
→ An uptrend is holding. Momentum is on this asset's side.
Liquidity (traded volume depth)
100
→ Volume is deep enough that a move is one you could actually participate in.
Fundamentals (TVL / market cap)
13
→ Little capital is locked relative to market cap, or the asset is outside TVL coverage.
Supply lightness
23
→ A large share is still locked, leaving structural dilution ahead.
Development activity → No public code updates in the last four weeks. Development may have stalled, or it may be happening in private repositories.
Compare every asset in the heat score ranking →
Standard-score profile, compared against every asset on the site (50 is the mean). It shows where this asset sits in the population on each metric; higher is always the better direction.
Overall standard score
54.0 #885 of 4384 assets
Standard-score ranking →
Heat 46Momentum 65Volume depth 69TVL ratio 49Supply 29Dev 49ATH recovery 75Dilution 50Further out = higher standard score; the centre line is the mean of 50
Heat score
46
Momentum
65
Liquidity (traded volume depth)
69
TVL / market cap
49
Supply lightness
29
Development activity
49
Recovery toward ATH
75
Dilution lightness
50
A relative position within the assets covered here, not an absolute rating.

Related Structurally similar assets (shared categories)

Similarity computed from shared CoinGecko categories rather than an industry taxonomy. Assets in the same L1 ecosystem or with the same use case tend to share capital flows and market conditions.

Compare Compare Hyperliquid with other major assets

Compare with Solana →
Put price, market cap, returns and standard scores side by side.See all comparisons →

FAQ Hyperliquid — frequently asked questions

What is Hyperliquid (HYPE)?
Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading. Read more →
What is the current price of Hyperliquid (HYPE)?
$93.86 as of 2026-09-21. The price moves daily, and this page is rebuilt every day.
What is the market cap of Hyperliquid (HYPE)?
About $20.9B as of 2026-09-21, which ranks #11 across all crypto assets.
What is Hyperliquid's heat score, and what does it mean?
The heat score is 19 (COLD) as of 2026-09-21. It is our own 0–100 measure of how many of the conditions a rally needs — momentum, tradable volume, light supply and a supportive market — are currently in place. It is not a price forecast. The model multiplies its factors, so a single missing condition holds the whole score down.
What is the supply of Hyperliquid (HYPE)?
As of 2026-09-21, 222,445,714 HYPE is in circulation out of a total supply of 955,307,079 HYPE — about 23%. The remainder may reach the market through future unlocks.
What is the all-time high for Hyperliquid (HYPE)?
The all-time high on record as of 2026-09-21 is $94.48.The price is $93.86 today, -0.7% from that high.
How much Hyperliquid (HYPE) can I buy with $100?
At the 2026-09-21 price ($93.86), $100 buys roughly 1.07 HYPE before fees and spread. Crypto is divisible, so you do not need to buy a whole coin.
Will Hyperliquid (HYPE) go up? What are its prospects?
We do not forecast prices or give investment advice. What this page does is track Hyperliquid every day through factual data — the heat score, supply structure, charts and development activity. Use it as material for your own judgement; the decision is yours.
Where can I buy or trade Hyperliquid (HYPE)?
It trades on major crypto exchanges. Which venues you can use depends on where you live, so check what is licensed in your own jurisdiction. This is information, not a recommendation of any asset or exchange.
The prices, market caps and heat scores above are as of 2026-09-21 and change daily.This is information, not investment advice.

Machine-readable data: JSON

Updated 2026-09-21 · rebuilt daily
This site provides information based on public data. It is not investment advice or a solicitation to buy or sell. The heat score is a deterministic, relative indicator computed by a fixed formula; it does not predict future prices. Trading crypto assets involves risk, including price volatility. Make your own decisions.
Data provided by CoinGecko · TVL / fees / stablecoins: DefiLlama · Fear & Greed: alternative.me
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