Hyperliquid

Orderbook

Hyperliquid L1

Trade on Hyperliquid →

24h Volume

$5.68B

+21.3% 24h

Open Interest

$5.11B

Fee

0.015%Maker

0.045%Taker

Markets190

Leverage50×

CollateralUSDC

Funding1h

Hyperliquid — Daily Volume

Mar 2026 — Mar 2026 · 8 days

About Hyperliquid

Fully on-chain perpetual exchange with its own L1 blockchain. Known for deep liquidity, sub-second finality, and a native orderbook model.

Pros

Deep liquidity and tight spreads
Sub-second finality on native L1
Zero gas fees for trading

Cons

Single-chain ecosystem
Centralized sequencer
Limited DeFi composability

Airdrop

Status

Staking + Season 2

Token

$HYPE

TGE

Launched (Nov 2024)

Community

76.2%

HYPE token launched Nov 2024 via genesis airdrop (31% to early users). Staking yields ~2.25% APR. Season 2 ongoing with 238.8M HYPE allocated. Active buyback & burn program.

How to Farm

•Stake HYPE for ~2.25% APR
•Trade perps and spot for volume-based rewards
•Provide liquidity on HyperEVM (Felix, Kinetiq)
•Participate in Season 2 activities
•Refer friends for bonus rewards

Distribution Schedule

Season 2 ongoing — 238.8M HYPE allocation

Key Dates

S1 airdrop: Nov 29, 2024 (310M HYPE, ~$12.3B). 38.888% reserved for future emissions.

Website Twitter Discord Docs

Launched Nov 2023Audited internally