Hyperliquid
Live. Machine-drafted, not yet checked by a person.
Hyperliquid: The captured pages showed only the name "Hyperliquid"; no sentence describing what the project is appeared in the captured text. Its pages make no dated promises we could check. It trades at $78.66, #11 of all coins by size, 12% below its highest ever price.
This week in the news: ETF or institution, burn or buyback, staking or airdrop, upgrade or launch live.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. Biggest of 6 perpetuals. 1 reason to be careful.
Is it real?
Reasons to be careful:Half the supply still to come
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2 of 4
- ✓A real-world jobReal-world purpose: trading without a middleman
- ✓Real backingBacking: trades on Coinbase, Crypto.com, Kraken; worth $17.5B
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
Listed on 9 big exchanges
- Origin29 November 2024about about 22 monthsapp.hyperliquid.xyz/trade, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorListed on Coinbase, Crypto.com, Kraken, Binance US
- Standing on the recordNo recordNo dated promise to judge yet245 headlines last month, 39 about government196,611 people keep it on a CoinGecko watchlistNo corrections needed so far
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Trading without a middleman
121 coins tagged Decentralized Exchange (DEX), worth $32.69B together. #1 of 121 by worth.
Perpetuals: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Hyperliquid$17.5Bthis coin−1.5%22% outnone dated
Aster$1.85B9.4× smaller, −$15.64B−1.5%, gap −0.034% outno record
Lighter$1.1B15.9× smaller, −$16.4B−4.2%, gap −2.725% outno record
Jupiter$774.17M22.6× smaller, −$16.72B−1.1%, gap +0.433% outno record
PancakeSwap$729.25M24.0× smaller, −$16.77B−0.7%, gap +0.880% outno record
Raydium$369.38M47.4× smaller, −$17.13B−3.1%, gap −1.649% outno record
Perpetuals: this coin next to Aster, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Hyperliquid says
- The captured pages showed only the name "Hyperliquid"; no sentence describing what the project is appeared in the captured text.
- Aster says
- Aster is a next-generation decentralized perpetual exchange that combines non-custodial trading with advanced features like hidden orders and multi-chain support.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
The captured pages showed only the name "Hyperliquid"; no sentence describing what the project is appeared in the captured text.
Its listing puts it this way: 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).
Problem it says it solves: trading without a middleman. 121 coins are working on it and together they are worth $32,689,035,928. This coin is 54% of that.
Where it trades: Coinbase, Crypto.com, Kraken, Binance US, Gemini
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
1 reason to be careful
- Half the supply still to come78% of the maximum supply is still to come
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Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $89.60 on 6 September 2026. Today is 88% of that.
22%
of all HYPE that will ever exist is already out in public hands: 222.45M coins.
78% (777.55M coins) is not yet created or held by the project. That is a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Perks on its own exchange
Fee discounts and access on the exchange that issued it. Its demand follows that exchange.
- Fee discounts and access on the exchange that issued it
- Can be staked to earn a share of network rewards
- A vote on how the project is run
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 222.45M of 1B.
- 777.55Mcoins still to be released, 78% of the maximum. Releases can add selling pressure.
- 4.3×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $89.60 on 6 September 2026. That is −12.2% from the top.
- #11by market cap, $17,495,233,969.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $1.41B is locked in apps built on it right now
- Users paid $1.83M in fees to use it in the last 30 days, $1.83M of that kept by the network
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
245 headlines named this coin in the last month.
What they were about
- Price32
- Unlock15
- Treasury14
- ETF13
- Regulation11
- Upgrade9
- Government8
- Whales6
- HYPE buybacks lift Hyperliquid token to record high; risk seen from Binance revenue erosion - digitaltoday.co.kr
- HYPE price could suffer as Binance takes its revenue: Alice Liu
- Hyperliquid surpasses $11B open interest, becoming 3rd largest crypto exchange, challenging Binance.
- Hyperliquid (HYPE) Price Movement Explained: Catalysts and Dynamics
- Hyperliquid Lists Monero Perpetuals As XMR Hits $797 All-Time High
- Grayscale’s Zach Pandl Declines To Pick Between Hyperliquid, Ethereum Or Solana
- Coinglass Accuses Aster, Lighter Of Inflated Volume, Claims Hyperliquid Shows Real Activity
- Turn $1,000 Into $25,000? Apeing’s 2,400% ROI Eyes Next Crypto to Explode
- Hyperliquid Crypto: Why Multicoin Bet Big as HYPE Burns Rise
- Hyperliquid Lists Monero Perpetuals As XMR Hits $797 All-Time High
- Hyperliquid's HIP-4 Opens Prediction Markets to Permissionless Deployment
- Hyperliquid’s Share of Global Perpetual Futures Open Interest Hits Record 10.5%
- Coinglass Accuses Aster, Lighter Of Inflated Volume, Claims Hyperliquid Shows Real Activity
- Hyperliquid burns 32.77K HYPE as TVL nears $7B – Can bulls recover?
- HYPE Slips to $78 as Crypto Commentator Flags Regulation as Hyperliquid's Biggest ThreatGovernment
- XXAntiWar: Closes ZEC Short and PONS Long on Hyperliquid
- Why Crypto Whales Just Poured Millions Into Hyperliquid — And What Comes Next
- Bankless's Rotation Methodology: From VVV to Hyperliquid, How to Screen Undervalued Tokens? - PANews
- Coinglass Accuses Aster, Lighter Of Inflated Volume, Claims Hyperliquid Shows Real Activity
- BMNR Stock Slips After Bitmine Buys Ethereum Dip – Retail Demands 'HYPE-PURR-Style' Rally
- Zcash leads crypto surge; BNB and Hyperliquid h...
- Ran Neuner Says Regulation Is Hyperliquid’s Biggest Threat, With DEXs NextGovernment
- Hyperliquid (HYPE) Rebounds 3.69% Amid Strong Buyback Flows
- Ran Neuner Warns Regulation Is Hyperliquid's Key Risk FactorGovernment
- Hyperliquid’s biggest risk is regulation, says Ran NeunerGovernment
- Hyperliquid’s biggest risk is regulation, says Ran NeunerGovernment
- What's Going On With Hyperliquid Strategies Stock Friday?
- Crypto Price Analysis Sep-11: ETH, XRP, ADA, BNB, and HYPE
- Hyperliquid (HYPE) Volatility: Macro Shocks, Leverage Impact
- Hyperliquid Crypto Whales Buy $35.9M HYPE Despite $5.29M ETF OutflowsGovernment
- XRP spot ETFs saw $1.55M inflows, outpacing Bit...
- Hyperliquid Crypto: Why Whales Add Exposure Despite Record HYPE ETF OutflowsGovernment
- Trump's White House Endorsement 'Extremely Positive,' Says Hyperion DeFi CEO: Executive Explains Why HYPE Ownership Is 'Beneficial'Government
- trade.xyz launches event contracts, wiring prediction markets into its Hyperliquid bookUpcoming
- Pump.fun Trading Volume Hits $1.02B Daily Record, Outpaces Hyperliquid and Circle
- Hyperliquid auctions the right to list a token every 31 hours: Guest Post by BSCN
- Hyperliquid Strategies Slides 8.6% as Dilution Overhang and Crypto Weakness Weigh on Shares
- Hyperliquid Strategies Slides 8.6% as Dilution Overhang and Crypto Weakness Weigh on Shares
- Crypto Update: Bitcoin Holds $78K Before CPI While Zcash, Hyperliquid and Pepeto Move
- Bitcoin, Solana, Hyperliquid, and Uniswap poised to gain from booming real-world asset tokenization.
245 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
The captured pages showed only the name "Hyperliquid"; no sentence describing what the project is appeared in the captured text.
“Hyperliquid”source · snapshot · captured 2026-09-14
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
Others in decentralised exchanges: Synthetix 6 of 11, XRP 2 of 3, Fluid 0 of 7, Stellar 0 of 20, and 1 more.No public code repository is listed in this record.
None of the project's captured pages has changed since capture began on 13 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.