Hyperliquid Price
(HYPE)
USD($)
Hyperliquid (HYPE) Live Price Chart
Overview
About
Analysis
FAQ
Hyperliquid Live Price Data
The live price of Hyperliquid is $16.03, with a total trading volume of $ 1.72M in the last 24 hours. The price of Hyperliquid changed by +16.84% in the past day, and its USD value has increased by +60.18% over the last week. With a circulating supply of 270,908,567 HYPE, the market cap of Hyperliquid is currently 4.39B USD, marking a --% increase today. Hyperliquid currently ranks #29 in market cap.
How do you feel about Hyperliquid today?
Note: This data is for reference only.
Hyperliquid(HYPE) Profile
Rank29
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Website
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Code & Community
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$13.14
$17.01
- ATH
- $16.55
- Price Change (1h)
- -1.20%
- Price Change (24h)
- +16.84%
- Price Change (7d)
- +60.18%
- Market Cap
- $4.39B
- 24h Volume
- $1.72M
- Circulating Supply
- 270,908,567
- Max Supply
- 1B
About HYPE
How can I buy Hyperliquid (HYPE)?
Buying HYPE on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Hyperliquid (HYPE) for more information. What Is Hyperliquid (HYPE) Crypto?
Hyperliquid (HYPE) is a decentralized perpetual futures exchange operating on its own Layer 1 blockchain. It offers a fully on-chain order book, enabling users to trade cryptocurrencies with up to 50x leverage, zero gas fees, and instant transaction finality.
The platform's native token, HYPE, has experienced significant growth. This surge is partly attributed to a substantial airdrop event that distributed $1.2 billion worth of HYPE tokens to early adopters.
Hyperliquid's development team comprises alumni from institutions such as Harvard, Caltech, and MIT, as well as professionals from leading tech and financial companies. The project is self-funded, emphasizing its independence and commitment to innovation in the decentralized finance (DeFi) space.
In summary, Hyperliquid aims to revolutionize DeFi by providing a high-performance, cost-effective, and transparent platform for perpetual futures trading, leveraging its custom Layer 1 blockchain and fully on-chain order book.
How Does Hyperliquid Work?
Hyperliquid (HYPE) is a decentralized perpetual futures exchange built on its proprietary Layer 1 blockchain, Hyperliquid L1. This platform facilitates high-speed, gas-free cryptocurrency trading with leverage up to 50x. Its fully on-chain order book architecture ensures transparency and efficiency, earning it the moniker "on-chain Binance" within its community.
Key Components of Hyperliquid
1. Hyperliquid L1 Blockchain: Utilizes the HyperBFT consensus protocol, enabling approximately 100,000 transactions per second (TPS) with rapid finality.
2. On-Chain Order Book: Maintains all orders directly on the blockchain, enhancing transparency and security compared to off-chain or hybrid models.
3. HyperEVM: An Ethereum Virtual Machine-compatible layer that allows developers to deploy decentralized applications (dApps) on Hyperliquid's blockchain, leveraging its high throughput and gas-free transactions.
4. Hyperliquid Liquidity Provider (HLP) Vaults: Enable users to deposit USDC and participate in market-making, earning trading fees. As of November 2024, these vaults have achieved a 25% annualized return.
HYPE Token Functionality
The native token, HYPE, serves multiple roles within the ecosystem:
1. $HYPE Staking: Users can stake HYPE to secure the network and participate in its proof-of-stake consensus mechanism.
2. Transaction Fees: Acts as the gas token for transactions within the Hyperliquid ecosystem.
3. Governance: Holders can engage in decentralized governance, influencing the platform's development and policies.
In November 2024, Hyperliquid conducted a significant airdrop, distributing 31% of the total HYPE supply (310 million tokens) to its community. This event underscored the platform's commitment to decentralization and community engagement.
By integrating a high-performance blockchain with a fully on-chain order book and EVM compatibility, Hyperliquid aims to provide a transparent, efficient, and user-friendly platform for perpetual futures trading.
History of Hyperliquid and HYPE Coin
Hyperliquid, a decentralized perpetual trading platform and Layer 1 blockchain, was founded by Jeff Yan, formerly of Chameleon Trading. The platform has rapidly grown, boasting over 200,000 users and daily trading volumes exceeding $1 billion across 145 trading pairs.
On November 29, 2024, Hyperliquid launched its native token, HYPE, during a "genesis event." This event marked a significant milestone, introducing the token to power various aspects of the Hyperliquid ecosystem.
Hyperliquid Roadmap
Hyperliquid's future plans include:
1. HyperEVM Launch: Introducing an Ethereum Virtual Machine-compatible layer to enable developers to deploy decentralized applications on Hyperliquid's blockchain, leveraging its high throughput and gas-free transactions.
2. Decentralization of Validators: Expanding the validator network to enhance security and decentralization, transitioning from internal to external validators.
3. Open-Sourcing HyperBFT: Releasing the code for Hyperliquid's consensus mechanism to foster transparency and community collaboration.
These initiatives aim to bolster Hyperliquid's position in the DeFi space, offering users a robust and transparent trading platform.
What Is HYPE Token Used for?
The HYPE token serves multiple functions within the Hyperliquid ecosystem:
1. Staking: Users can stake HYPE to secure the network's consensus mechanism, HyperBFT, and earn rewards.
2. Transaction Fees: HYPE acts as the gas token for transactions within Hyperliquid's execution environment, HyperEVM.
3. Governance: HYPE holders can participate in decentralized governance, influencing the platform's development and policies.
Additionally, HYPE is tradable on Hyperliquid's decentralized exchange, with trading pairs such as HYPE/USDC available. You can also trade Hyperliquid token on the KuCoin Spot Market.
What Is Hyperliquid Tokenomics?
The HYPE tokenomics are structured to promote community engagement and sustainable platform development. The total supply of HYPE is capped at 1 billion tokens, allocated as follows:
1. Genesis Distribution: 31% (310 million tokens) were airdropped to eligible users during the genesis event on November 29, 2024.
2. Future Emissions and Community Rewards: 38.89% (approximately 388.88 million tokens) are reserved for ongoing community incentives and future emissions.
3. Core Contributors: 23.8% (238 million tokens) are allocated to current and future team members, with a one-year lock-up period post-genesis event.
4. Hyper Foundation Budget: 6% (60 million tokens) support operational needs and platform development.
5. Community Grants: 0.3% (3 million tokens) are designated for community initiatives and grants.
Notably, there were no allocations for private investors, centralized exchanges, or market makers, emphasizing Hyperliquid's commitment to community ownership and decentralization.
How to Participate in Hyperliquid Airdrop
The Hyperliquid (HYPE) airdrop occurred on November 29, 2024, distributing 310 million HYPE tokens—31% of the total 1 billion supply—to eligible users. Eligibility was determined by participation in a prior rewards program that concluded in May 2024, where users accumulated reward points convertible to HYPE tokens.
As the airdrop has already taken place, new users cannot participate in this distribution. However, Hyperliquid has allocated 38.88% of the total HYPE supply for future emissions and community rewards, indicating potential opportunities for community engagement and rewards in the future.
Hyperliquid (HYPE) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $2.4 | 17.69% |
| 7 Days | $6.34 | 63.35% |
| 30 Days | $6.34 | 63.35% |
| 3 Months | $6.34 | 63.35% |
24H Investment Barometer
24H
- Strong Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Hyperliquid Conversion Rate
FAQ
How much is 1 Hyperliquid (HYPE) worth?
KuCoin provides real-time USD price updates for Hyperliquid (HYPE). Hyperliquid price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time HYPE to USD exchange rates. Is Hyperliquid (HYPE) a Good Investment?
Investing in Hyperliquid's native token, HYPE, offers several potential advantages:
1. Rapid Value Appreciation: Since its launch on November 29, 2024, HYPE has experienced significant growth, surging over 200% to reach approximately $12.59.
2. High-Performance Blockchain: Hyperliquid operates on a Layer 1 blockchain capable of processing up to 200,000 transactions per second, providing scalability and efficiency.
3. Staking Opportunities: HYPE holders can stake their tokens to secure the network's consensus mechanism, HyperBFT, and earn rewards, potentially achieving an annual percentage yield (APY) of up to 55%.
4. Community-Centric Tokenomics: A substantial portion of HYPE's total supply is allocated to community rewards and future emissions, emphasizing a commitment to decentralization and community involvement.
5. Governance Participation: HYPE token holders have the opportunity to engage in decentralized governance, influencing the platform's development and policies.
6. Integration with DeFi Ecosystem: The upcoming launch of HyperEVM will enable developers to deploy decentralized applications on Hyperliquid's blockchain, potentially increasing the utility and demand for HYPE tokens.
What Is Hyperliquid Price Prediction?
The HYPE price prediction is influenced by several factors:
1. Market Demand and Trading Volume: High trading volumes indicate strong investor interest, which can drive up the HYPE token price. For instance, HYPE experienced over $258 million in trading volume within 24 hours, reflecting significant demand.
2. Token Distribution Events: Significant airdrops, such as the distribution of $1.6 billion worth of HYPE tokens, can impact the Hyperliquid price by increasing its circulating supply and attracting investor attention.
3. Platform Adoption and Usage: The performance and adoption of the Hyperliquid platform directly affect HYPE's value. As more users engage with Hyperliquid's decentralized exchange and other services, demand for HYPE may increase, positively influencing the HYPE to USD price.
4. Overall Cryptocurrency Market Trends: HYPE's price is also subject to broader market dynamics. General trends in the cryptocurrency market can lead to $HYPE price fluctuations.
How to Stake HYPE Tokens on Hyperliquid DEX
Staking HYPE tokens on the Hyperliquid platform allows you to participate in securing the network's consensus mechanism, HyperBFT, and earn rewards. Here's how to get started:
1. Create a Hyperliquid Account: Visit the Hyperliquid website and sign up for an account. Complete any necessary identity verification processes as required by the platform.
2. Acquire HYPE Tokens: Purchase HYPE tokens through supported exchanges, such as KuCoin. Transfer the acquired HYPE tokens to your Hyperliquid wallet.
3. Access the Staking Interface: Log in to your Hyperliquid account. Navigate to the staking section of the platform.
4. Stake Your HYPE Tokens: Select the amount of HYPE you wish to stake. Confirm the staking transaction.
5. Monitor and Manage Your Staked Tokens: Regularly check your staking dashboard to track rewards and manage your staked tokens.
Key Considerations
1. Rewards: Staking HYPE tokens can yield an APY) of up to 55%.
2. Lock-Up Periods: Be aware of any lock-up periods associated with staking, during which your tokens may be inaccessible.
3. Platform Updates: Stay informed about platform updates or changes to staking protocols by following Hyperliquid's official channels.
By following these steps, you can effectively stake your HYPE tokens on Hyperliquid, contributing to network security and earning potential rewards.
What is the all-time high price of Hyperliquid (HYPE)?
The all-time high price of Hyperliquid (HYPE) is $16.530. The current price of HYPE is down 3.15% from its all-time high.
What is the all-time low price of Hyperliquid (HYPE)?
The all-time low price of Hyperliquid (HYPE) is $3.200. The current price of HYPE is up 400.52% from its all-time low.
How much Hyperliquid (HYPE) is there in circulation?
As of 12 12, 2024, there is currently 270,908,567 HYPE in circulation. HYPE has a maximum supply of 1B.
What is the market cap of Hyperliquid (HYPE)?
The current market cap of HYPE is $4.39B. It is calculated by multiplying the current supply of HYPE by its real-time market price of $4.39B.
How do I store Hyperliquid (HYPE)?
You can securely store your Hyperliquid in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your HYPE include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Hyperliquid (HYPE) to cash?
You can instantly exchange your Hyperliquid (HYPE) for cash using KuCoin's Fast Trade feature. This feature enables you to convert HYPE to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.