Hyperliquid price HYPE

What is Hyperliquid?

Hyperliquid is a high-performance layer-1 blockchain best known for its on-chain perpetual futures exchange. It is built for speed, with a fully on-chain order book and sub-second transactions, and aims to bring the feel of a fast centralised exchange entirely on-chain. Its token, HYPE, is used for staking, governance and fee discounts, and part of the platform’s revenue is used to buy back and burn it.

HYPE launched in November 2024 through one of the most talked-about airdrops in crypto history, handed to early users with no allocation set aside for venture capital funds, exchanges or market makers.

Following the live Hyperliquid price

On this page you will find the live Hyperliquid price in both US dollars and euros, with the context you need to read the market. The chart opens on the last 7 days by default, and you can switch to 24 hours, 7 days, 1 month, 3 months, 6 months or a full year. Pick a period with the buttons and the chart updates on the spot.

It is a quick way to set short-term swings against the longer trend before you decide anything.

Market data at a glance

Beside the live rate, the page brings together:

• The intraday high and low.
• Market capitalisation in dollars (B for billion, M for million).
• Combined trading volume across the major exchanges.
• The amount of HYPE in circulation.
• The all-time high, the date it was set and how far below it the price sits now.
• Where you can buy HYPE.
• Links to the official website, whitepaper and social channels.

Convert HYPE and see the real cost

The calculator turns any amount of HYPE into dollars or euros instantly, and it works in reverse too. Alongside it sits an exchange fee calculator, so you can see what a trade really costs after fees and roughly how much HYPE you would end up with, not just the headline rate.

Historical Hyperliquid data

Under historical data you can look back at past prices on any date, shown in dollars as the market standard, with the matching trading volume and market cap.

A record-breaking debut

• November 2024: HYPE launches via airdrop at roughly 3.50 dollars.
• December 2024: a rapid rally carries it to around 35 dollars within weeks.
• 2025: after consolidating, it climbs to new highs near 59 dollars in the second half of the year, as the exchange becomes one of the highest-revenue protocols in crypto.
• 2026: HYPE sets a fresh record above 75 dollars.

Few tokens have gone from launch to the top tier of the market this quickly.

What moves the Hyperliquid price?

The value of HYPE reflects supply and demand, with trading activity on the platform and its buyback-and-burn both playing a part. The main drivers:

Why the value climbs

• Rising trading volume and revenue on the exchange.
• Buybacks and burns that reduce the circulating supply.
• Growth in apps built on its on-chain environment.
• A strong crypto market and risk-on sentiment.

Why the value drops

• A slowdown in trading activity and revenue.
• Large token unlocks adding fresh supply.
• Competition from other exchanges and chains.
• Market-wide downturns or a global crisis.

These are not the only factors, but they cover most of the moves. For broader market context, follow our latest altcoin news.