Decentralized · Spot & perpetuals

Hyperliquid

Live data · updated every hour

Hyperliquid runs a fully on-chain order book for perpetual futures and spot trading on its own chain.

Founded2023RunsDecentralizedMarkets121Volume rank#6TokenHYPE $92.74

All exchanges

Volume · 24h$4.46B-20.8% vs the day before

Spot volume$119M0.2% of all spot trading

Derivatives volume$4.34B4.1% of the derivatives tracked here

30-day change+5.2%Spot volume vs the previous 30 days

Markets121Spot pairs listed

Coins119Assets available to trade

Volume rank#6By 24h volume of the 19 exchanges tracked here

Value locked$7.19BOn-chain

Hyperliquid trading volume

Daily spot volume in US dollars. Derivatives are recorded from Sep 29, 2026 and join the chart once a month of them is in.

Spot volume · 1M$4.57B$152M per day on average

Busiest spot day$390MFri, Sep 18, 2026

Derivatives share97.3%Of volume in the past 24 hours

30-day change+5.2%Spot volume, compared with the 30 days before

Spot Touch a bar for the splitHover a bar for the split

Supported coins & trading pairs

What trades here and where the volume goes.

Supported coins

119 coins listed · share of spot volume

HYPE44% of spot volume$64.8M

UBTC16% of spot volume$23.6M

UZEC10% of spot volume$14.3M

UETH9% of spot volume$13.8M

USOL6% of spot volume$8.35M

Other coins · 16%$23.9M

Top trading pairs

Last price, 24-hour volume and bid-ask spread.

HYPE/USDC$93.13$64.7M0.006%

UBTC/USDC$86,649.50$23.6M0.001%

UZEC/USDC$1,378.85$14.3M0.044%

UETH/USDC$2,723.75$13.8M0.015%

USOL/USDC$121.86$8.35M0.033%

Fees

Base rates for new accounts: 0.04% maker and 0.07% taker on spot, 0.015% and 0.045% on perpetuals. Rates fall at higher trading volume; Hyperliquid lists every tier on its fee page.

Regular0.040%Base rate0.070%0.040%0.070%0.015%0.045%

Reserves & transparency

Smart contracts, verifiable on-chain

Value locked on-chain$7.19BSmart contracts, verifiable on-chain

Latest reportLiveUpdated continuously

All balances sit in public smart contracts, so anyone can check them on-chain at any time.

About Hyperliquid

Key facts, ownership and custody.

Hyperliquid is a decentralized exchange where users trade spot and perpetual futures markets, including crypto, commodities and indices. It launched in 2023 and is owned by the Hyper Foundation. There is no fiat on-ramp, so deposits are made in crypto.

Orders, trades and balances are recorded on-chain, and customer balances sit in public smart contracts that can be verified. The exchange does not take custody of user funds. Hyperliquid runs as a layer one blockchain of its own, and HYPE is its native token.

Founded2023

HeadquartersOn-chain

TypeDecentralized

ProductsPerpetuals, spot order book

Fiat on-rampNo

OwnershipHyper Foundation

Fees, licences and where it works: Hyperliquid review. Compare platforms in your country: best crypto exchanges by country.

RegulationNon-custodial protocol

Open DeFi profile

Hyperliquid FAQ

Short answers to what people ask most.

Hyperliquid is owned by the Hyper Foundation.

Beyond trading, the ecosystem supports borrowing, lending and real world assets.

According to its developers, Hyperliquid aims to upgrade the existing financial system with a transparent, efficient and resilient blockchain.

Hyperliquid news

Coverage of the exchange and the wider market.

All news

Similar exchanges

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