HWAVEMarket cap rank 4128
Hyperwave (HWAVE) price and heat score
$0.00139968
24h +3.7% · 7d +12.0% · 30d +409.6%
16
HyperEVM EcosystemGovernance
Hyperwave (HWAVE) trades at $0.00139968, up 409.6% over the past 30 days. Its market cap — supply times price — is $365,928, the 4128-largest in crypto. Over 200 days it is +555% (up), and it sits -72% from its all-time high. On tradability, the book is thin, so incoming money moves the price easily. Taken together, the overall heat score is 16 (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)
Price
$0.00139968
Market cap
$365,928
FDV
$1.1M
24h volume
$278
24h / 7d / 30d
+3.7% / +12.0% / +409.6%
From ATH
-71.7%
Circulating / total
34%
⚠ FDV is 3.0x market cap — watch for selling pressure from supply still to unlock
Profile What kind of asset is Hyperwave?
A mechanical read on Hyperwave (HWAVE) from market data — a first impression to start from, not a verdict.
Market size
Micro cap
A micro-cap or newly listed asset with a small market cap (ranked #4128)
Price swings
Very wide (24h range 22.4%)
A wide daily range; the price can move sharply in a short time
Liquidity (24h volume)
Thin
Volume is very small; even modest orders can move the price a lot
Dilution risk
Large (26% circulating)
A large share is still locked, leaving structural dilution pressure ahead
Long-term trend
Up sharply over 200 days (+555%)
The direction on a longer time frame
A qualitative summary based on market data. This is not investment advice.
Overview What is Hyperwave
Hyperwave DAO's mission is to build an onchain forex layer for Hyperliquid, helping the blockchain to house all of finance. Starting with Hyperwave HLP (hwHLP), a first to market liquid yield bearing token of Hyperliquidity Provider Vault (HLP), Hyperwave will create asset primitives, serviceable markets for those assets and avenues for users to use those assets in their everyday lives. Hyperwave was incubated by the team at Swell Labs with support from HyperEVM protocols and infrastructure partners making it unique to bring this vision to the Hyperliquid community.
The description is based on public information from CoinGecko.This is information, not investment advice.
Basics How Hyperwave started, and its basic data
Watchlists
109
How many people track this asset on CoinGecko — a gauge of attention
Official documents
Launch date, technical design and follower counts come from CoinGecko's public data.
Price detail Price levels for Hyperwave
Key price levels for Hyperwave (HWAVE). Crypto is divisible, so you can buy well under a whole coin.
Current price
$0.00139968
as of 2026-09-21
24h range
$0.00134936 – $0.00166332
Low to high over the past 24 hours
All-time high
$0.00494313
The highest price on record (2025-10-29)
Distance from ATH
-71.7%
A new high would take about 3.5x the current price
All-time low
$0.00014296
The lowest price on record (2026-08-22)
Distance from ATL
+879%
About 10x its all-time low
Where it sits in today's range
Low $0Near the bottom of today's rangeHigh $0
Signals Catalysts currently in play (auto-extracted)
💤
Turnover is slow
24-hour volume equals 0.1% of market cap. Trading is quiet, so price moves are likely to stay contained.
📈
Uptrend continuing
+12.0% over 7 days, +409.6% over 30. Both the short and medium term point up, and momentum is behind the move.
🏔️
Far below its all-time high
Trading -72% from its all-time high. Recovering that ground would take a substantial return of demand — and a discount this large usually has a reason worth checking.
🪫
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
+0.0%
24 hours
+3.7%
1 week
+12.0%
2 weeks
+146.8%
1 month
+409.6%
200 days
+555.3%
Over the past 30 days it has run about 406 points ahead of Bitcoin (+3.4%), the market's benchmark. (HWAVE: +409.6%)
Past performance, which does not guarantee future results.
Supply Who controls the supply
Of the maximum supply of 1,000,000,000 HWAVE, 26% is on the market today. 77% has been issued so far; the remaining 23% is still to come from future issuance — that is future dilution waiting to happen.
Circulating 26%Issued but locked 51%Not yet issued (issuance) 23%
Market cap vs FDV (the dilution already priced in)
Market cap
$365,928
Value of the circulating supply
FDV (fully diluted)
$1.1M
If the entire supply were circulating
Fully diluted valuation is about 3.0x the current market cap, leaving a meaningful amount of future supply still to arrive.
Project Project information and governance
Official links
Category & ecosystem
HyperEVM Ecosystem Governance
Major venues
Project X
External links point to each project's own official pages.We do not vouch for what those pages contain.
Exchanges Where is Hyperwave traded?
The venues where Hyperwave (HWAVE) trades most, by 24-hour volume in USD. Deeper volume generally means orders fill more easily and the price holds steadier.
Project X$4
Ranked by converted volume, highest first.Which venues you can use depends on where you live, so check what is licensed in your own jurisdiction.This is not a recommendation of any particular exchange.
Heat score Heat factor breakdown
16
How the overall score is built: market gate 45 (applied to everything) × geometric mean of the four factors 35 (momentum, liquidity, fundamentals and supply, multiplied together) → 16. 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)
2026-07-20dashed line = 502026-09-21
→ Over these 64 days heat peaked at 36 (2026-09-14) and bottomed at 0 (2026-07-20); it now stands at 16.
→ 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)
9
→ Almost nothing is trading. There is no assurance you could enter or exit at the price shown.
Fundamentals (TVL / market cap)
50
→ TVL is unremarkable relative to market cap.
Supply lightness
34
→ 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.
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HyperEVM Ecosystem
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.
FAQ Hyperwave — frequently asked questions
What is Hyperwave (HWAVE)?
Hyperwave DAO's mission is to build an onchain forex layer for Hyperliquid, helping the blockchain to house all of finance. Read more →
What is the current price of Hyperwave (HWAVE)?
$0.00139968 as of 2026-09-21. The price moves daily, and this page is rebuilt every day.
What is the market cap of Hyperwave (HWAVE)?
About $365,928 as of 2026-09-21, which ranks #4128 across all crypto assets.
What is Hyperwave's heat score, and what does it mean?
The heat score is 16 (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 Hyperwave (HWAVE)?
As of 2026-09-21, 261,437,302 HWAVE is in circulation out of a total supply of 774,198,548 HWAVE — about 34%. The remainder may reach the market through future unlocks.
What is the all-time high for Hyperwave (HWAVE)?
The all-time high on record as of 2026-09-21 is $0.00494313.The price is $0.00139968 today, -71.7% from that high.
How much Hyperwave (HWAVE) can I buy with $100?
At the 2026-09-21 price ($0.00139968), $100 buys roughly 71,444.90 HWAVE before fees and spread. Crypto is divisible, so you do not need to buy a whole coin.
Will Hyperwave (HWAVE) go up? What are its prospects?
We do not forecast prices or give investment advice. What this page does is track Hyperwave 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 Hyperwave (HWAVE)?
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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