Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Hyperliquid Price
Hyperliquid price

Hyperliquid priceHYPE

Listed
Buy
$31.41USD
-4.64%1D
The price of Hyperliquid (HYPE) in United States Dollar is $31.41 USD.
Hyperliquid/USD live price chart (HYPE/USD)
Last updated as of 2026-02-08 06:15:58(UTC+0)

Hyperliquid market info

Price performance (24h)
24h
24h low $31.0524h high $33.75
All-time high (ATH):
$59.39
Price change (24h):
-4.64%
Price change (7D):
+2.37%
Price change (1Y):
+40.09%
Market ranking:
#12
Market cap:
$8,160,199,501.58
Fully diluted market cap:
$8,160,199,501.58
Volume (24h):
$387,216,130.56
Circulating supply:
259.81M HYPE
Max supply:
961.67M HYPE
Total supply:
958.71M HYPE
Circulation rate:
27%
Contracts:
0x0d01...b4011ec(Hyperliquid)
Links:
Buy/sell now

Live Hyperliquid price today in USD

The live Hyperliquid price today is $31.41 USD, with a current market cap of $8.16B. The Hyperliquid price is down by 4.64% in the last 24 hours, and the 24-hour trading volume is $387.22M. The HYPE/USD (Hyperliquid to USD) conversion rate is updated in real time.
How much is 1 Hyperliquid worth in United States Dollar?
As of now, the Hyperliquid (HYPE) price in United States Dollar is valued at $31.41 USD. You can buy 1HYPE for $31.41 now, you can buy 0.3184 HYPE for $10 now. In the last 24 hours, the highest HYPE to USD price is $33.75 USD, and the lowest HYPE to USD price is $31.05 USD.

Do you think the price of Hyperliquid will rise or fall today?

Total votes:
Rise
0
Fall
0
Voting data updates every 24 hours. It reflects community predictions on Hyperliquid's price trend and should not be considered investment advice.
The following information is included:Hyperliquid price prediction, Hyperliquid project introduction, development history, and more. Keep reading to gain a deeper understanding of Hyperliquid.

Hyperliquid price prediction

When is a good time to buy HYPE? Should I buy or sell HYPE now?

When deciding whether to buy or sell HYPE, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget HYPE technical analysis can provide you with a reference for trading.
According to the HYPE 4h technical analysis, the trading signal is Sell.
According to the HYPE 1d technical analysis, the trading signal is Buy.
According to the HYPE 1w technical analysis, the trading signal is Sell.

About Hyperliquid (HYPE)

What Is Hyperliquid?

Hyperliquid is a decentralized perpetual exchange (DEX) built on a high-performance Layer 1 (L1) blockchain. Designed to meet the demands of modern decentralized finance (DeFi), Hyperliquid focuses on offering a seamless, transparent, and secure platform for trading perpetual contracts. Unlike many other decentralized exchanges, Hyperliquid operates a fully on-chain order book, providing real-time and transparent trading of digital assets with minimal latency.

Hyperliquid aims to solve several challenges that exist within the DeFi space, such as poor market infrastructure, inefficient order matching, and high latency. By leveraging cutting-edge blockchain technology, Hyperliquid enables traders to execute complex strategies while benefiting from the security and transparency of a decentralized system.

How Does Hyperliquid Work?

At its core, Hyperliquid is built around a high-speed Layer 1 blockchain optimized for derivatives trading, specifically perpetual contracts. It uses a custom-built consensus algorithm called HyperBFT to achieve low-latency, high-throughput transaction processing. This algorithm ensures that trades, orders, and liquidations are executed in real-time, with each transaction occurring transparently on-chain.

  1. Perpetual Order Book DEX

The flagship product of Hyperliquid is its on-chain perpetual order book exchange. Unlike other decentralized exchanges that rely on automated market makers (AMMs), Hyperliquid uses a traditional order book system where traders can place bids and asks for various assets. This design mimics the familiar trading experience of centralized exchanges, making it appealing to both retail traders and professional market participants.

Every order, cancellation, and trade is executed on-chain, ensuring full transparency. The platform currently supports up to 100,000 orders per second, with plans to scale this as needed. Orders are matched based on price-time priority, ensuring fair execution for all participants.

  1. Clearinghouse and Margining System

Hyperliquid operates with a decentralized clearinghouse that manages users' margin balances and positions. The platform supports both cross-margin and isolated-margin trading modes. Cross-margin allows traders to share collateral across multiple positions, while isolated margin dedicates specific collateral to individual positions, reducing liquidation risk for other open trades.

  1. Oracle and Pricing Mechanism

To ensure accurate pricing and margin calculations, Hyperliquid relies on a decentralized oracle system. Validators on the network publish spot prices from major cryptocurrency exchanges like Binance, OKX, and Bybit every three seconds. These prices are then used to calculate funding rates, manage margin levels, and trigger liquidation events. This decentralized price feed helps maintain the integrity of the platform and reduces the risk of manipulation.

  1. Bridge and Interoperability

Hyperliquid includes an Ethereum Virtual Machine (EVM) bridge, allowing users to transfer assets between Ethereum-based networks and the Hyperliquid L1. The bridge is secured by the same validator set that operates the L1, and it ensures safe transfers of assets like USDC and ETH across chains. Users can deposit or withdraw funds using the bridge, which is designed to handle high transaction volumes securely and efficiently.

  1. API and Developer Tools

Hyperliquid provides a set of API servers that allow developers and traders to integrate automated trading strategies. These APIs are permissionless and offer both REST and WebSocket services. Traders can use these APIs to execute complex trading algorithms, while developers can create custom tools and dashboards to interact with the platform.

  1. Vaults and Liquidity Provision

Vaults are another core feature of Hyperliquid, allowing users to participate in liquidity provision and earn a share of trading profits. Vaults are flexible and can be managed by individuals or automated systems. The most prominent vault is the Hyperliquidity Provider (HLP), which enables community members to participate in market-making and liquidation strategies typically reserved for large institutions. Vaults have lock-up periods, and depositors earn a portion of the profits based on their contributions.

  1. Native Token Standards and Hyperliquidity

Hyperliquid also features its own native token standard (HIP-1), which allows for the creation of capped-supply tokens that can be traded on the platform’s order books. Additionally, HIP-2 introduces a decentralized liquidity provisioning system known as Hyperliquidity, which automates liquidity provision for new tokens, ensuring deep order book liquidity even during the early stages of price discovery.

Conclusion

Hyperliquid is a decentralized perpetual exchange designed to meet the high demands of DeFi traders. By operating a high-performance Layer 1 blockchain, it provides a fast, transparent, and secure trading environment for perpetual contracts. With a comprehensive margining system, decentralized oracles, and tools for liquidity provision, Hyperliquid is positioning itself as a key player in the evolving landscape of decentralized finance.




Show more
AI analysis
Hyperliquid project analysis

Hyperliquid has emerged as a formidable player in the decentralized finance (DeFi) landscape, particularly within the domain of perpetual futures trading. It distinguishes itself as a high-performance decentralized exchange (DEX) built on its own custom Layer 1 (L1) blockchain, aiming to bridge the gap between the efficiency of centralized exchanges (CEXs) and the security and transparency inherent in decentralized platforms.

Core Vision and Technological Foundation

At its core, Hyperliquid's vision is to foster a fully on-chain, open financial system. Unlike general-purpose blockchains, Hyperliquid's L1 blockchain is meticulously optimized from the ground up for decentralized financial trading. This bespoke architecture employs a custom consensus algorithm known as HyperBFT, inspired by Hotstuff, designed to ensure rapid transaction finality and robust security. The platform boasts a dual-layer structure comprising HyperCore and HyperEVM. HyperCore serves as the high-performance order book engine, managing trades, orders, and liquidations transparently on-chain with sub-second finality. Complementing this, HyperEVM provides an Ethereum Virtual Machine (EVM)-compatible smart contract layer, allowing developers to deploy decentralized applications (dApps) and fostering composability with Hyperliquid’s native financial primitives.

This integrated approach enables Hyperliquid to achieve impressive performance metrics, including block times under one second and a throughput capacity of up to 100,000 to 200,000 orders per second. Such speed and efficiency are crucial for high-frequency trading and active market-making strategies, often surpassing the capabilities of many traditional blockchain networks.

Key Features and User Experience

Hyperliquid offers a suite of features designed to cater to both retail and professional traders. Its flagship application is a fully on-chain order book perpetuals exchange, a rarity among DEXs, ensuring transparency and verifiable trade execution. Traders can access up to 50x leverage on a wide array of perpetual futures contracts. The platform prioritizes a CEX-like user experience, characterized by low latency, advanced order types such as limit, market, stop, take-profit, and Time-Weighted Average Price (TWAP) orders, and a gas-free trading environment. Furthermore, Hyperliquid operates on a self-custodial model, meaning users retain full control over their funds, and requires no Know Your Customer (KYC) verification, upholding core DeFi principles.

Liquidity provision on Hyperliquid is facilitated through the innovative Hyperliquidity Provider (HLP) Vault, which allows users to deposit capital into a shared liquidity pool that actively participates in market making. The platform has demonstrated significant growth, with daily volumes regularly surpassing $1 billion and a total value locked (TVL) reaching substantial figures.

Tokenomics of the HYPE Token

Hyperliquid utilizes a native token, HYPE, which plays a multifaceted role within its ecosystem. The HYPE token is integral for network governance, allowing holders to participate in decision-making processes such as protocol upgrades and asset listings. It is also used to pay transaction fees and must be staked by validators to secure the network. A distinctive feature of HYPE tokenomics is its fee-sharing model, where a significant portion of the trading fees generated on the platform is used for token buybacks and burns. This mechanism aims to create deflationary pressure, linking the token's value directly to the platform's usage and success. The total supply of HYPE tokens is capped at 1 billion. Bitget, for example, lists HYPE for trading, indicating its presence on major centralized exchanges as well.

Advantages and Challenges

Hyperliquid's primary advantages stem from its unparalleled performance and commitment to decentralization. It offers a trading environment that rivals centralized exchanges in speed and efficiency while maintaining the transparency and security benefits of blockchain technology. The platform's non-custodial nature and lack of KYC appeal to users prioritizing privacy and control. Its robust growth in trading volume and active users further underscores its appeal to a growing segment of the DeFi market.

However, Hyperliquid, like any emerging technology, faces its share of challenges. The use of high leverage inherently introduces liquidation risks for traders. While the custom L1 blockchain enhances performance, it also means the ecosystem is still maturing compared to more established chains, and there can be a learning curve for users new to DeFi concepts. Concerns such as potential validator concentration risk in its early stages and compliance challenges in certain jurisdictions like the U.S. are also considerations. Additionally, while some sources highlight low fees, others suggest that fees can be relatively high compared to some other perpetual DEXs, though maker rebates can mitigate this.

Competitive Landscape

In the competitive decentralized derivatives market, Hyperliquid stands out against established players like dYdX and GMX. Hyperliquid has rapidly gained significant market share, occasionally dominating the decentralized perpetuals market with over 60% of the trading volume. In comparison, dYdX and GMX have reportedly seen declining volumes in some periods. While dYdX focuses on a sovereign Cosmos-based blockchain and regulatory compliance, Hyperliquid emphasizes technical performance and a bespoke L1. GMX, utilizing an Automated Market Maker (AMM) model, contrasts with Hyperliquid's on-chain Central Limit Order Book (CLOB) and active liquidity management approach.

Conclusion

Hyperliquid represents a significant advancement in decentralized trading, pushing the boundaries of what is possible on-chain. Its vertically integrated approach, combining a high-performance L1 blockchain with a fully on-chain order book, positions it as a strong contender in the perpetual derivatives market. While it addresses many pain points of legacy DEXs, ongoing efforts in decentralization, ecosystem development, and user education will be crucial for its sustained growth and broader adoption.

The AI-summarized content may not be fully accurate. Please verify the information from multiple sources. The above does not constitute investment advice.
Show more

Bitget Insights

obodoechine-1
obodoechine-1
11h
Markets aren’t moving on data alone—they’re reacting to headlines, and tokens like $XRP and $HYPE can see big moves even when most traders aren’t watching. Weekends are no longer quiet. Historical events show that major political and economic decisions can happen anytime, impacting markets instantly. With 24/7 stock futures trading starting Feb 7, 2026, traders have the ability to respond to developments in real time. Bitget Stock Futures Championship: Trade to share 1,551,000 USDT.
HYPE-0.15%
XRP-0.19%
cryptoKing111
cryptoKing111
11h
📈 Cryptocurrency Market Overview (Feb 2026) Market Context The crypto market has faced a sharp sell-off in early 2026. Major assets like Bitcoin, Ethereum, and Binance Coin (BNB) have seen heightened volatility due to risk-off sentiment, leveraged position liquidations, and broader financial uncertainty. 🔍 In-Depth Analysis: $BNB, $WARD, and $IN $BNB: The Established Exchange Token · Current Status: Experiencing significant pressure amid the market downturn, with key support levels being tested. · Key Resistance/Support: Major resistance is at $697-$700; crucial support lies at $645-$602.80. · Short-Term Outlook: The technical picture is challenging. A fall below the $602 support could see a test of the **$518-$508** zone. $WARD: The New AI-Agent Infrastructure Token · Current Status: A new project in the AI/DeFi niche. It launched in January 2026 and is trading around $0.099. · Project Purpose: Powers the Warden Protocol, a blockchain for secure AI agent operations. · 2026 Outlook: Predictions vary widely based on adoption. · Conservative: $0.15 - $0.25 · Moderate: $0.30 - $0.50 · Bullish: $0.75 - $1.20 $IN: The Perpetual Futures Exchange Token** ⚠️ **Note**: While "Hyperliquid (HYPE)" appears as a top-performer in search results, there is no specific information available for a project or token simply named **"$IN". If you are referring to a different asset, more context is needed. For reference, Hyperliquid (HYPE) is a decentralized exchange for perpetual futures. One analysis suggests it could potentially see an 80%+ rally in 2026 if new product launches succeed, aiming to return to its September 2025 high of ~$59 from a current price near $33. 📱 Mobile-Friendly Snapshot BNB (BNB) · Current Sentiment: Bearish / Under Pressure · Key Level (Resistance): $697 - $700 · Key Level (Support): $645 - $602.80 Warden (WARD) · Current Sentiment: Early-Stage / Speculative · Key Catalyst: AI agent adoption & partnerships · 2026 Price Scenarios: Conservative: $0.15-$0.25; Bullish: $0.75-$1.20 Hyperliquid (HYPE) · Current Sentiment: Positive Momentum · 2026 Outlook: Potential 80%+ rally · Key Catalyst: New "outcome contracts" launch 💡 Navigating Current Market Volatility The recent sell-off is a strong reminder that even established cryptocurrencies remain vulnerable to sudden shifts in market sentiment and leverage unwinds. This aligns with your emphasis on a disciplined exit plan. · For $BNB**: Watch the **$602-$645 support zone closely. A break below could indicate further downside. · For $WARD: This is a high-risk, early-stage project. Its success is tightly linked to the adoption of its specific AI-agent technology. · **Regarding $IN**: I could not locate specific data. If you meant another token (like **Hyperliquid/HYPE**), please clarify. Alternatively, if you have details on the correct $IN project, I can try a more targeted search.
WARD+2.47%
HYPE-0.15%
knightpumps
knightpumps
15h
Sell $HYPE Sell $AIA Buy $DGRAM 2x Gem Pump Loading
HYPE-0.15%
DGRAM0.00%
Albert_sam
Albert_sam
18h
$HYPE $SUI $TRIA the emphasis on having a clear exist strategy is crucial, especially after experiencing The volatility of previous bull and bear markets. it's refreshing to see the focus on setting realistic goals and understanding crypto trading. this approach not only prepares you for unexpected market shifts but also keeps you grounded during the volatile of the market price .its a valuable reminder that crypto investing should ultimately serve our personal aspirations, rather than just becoming a game of chasing numbers ...managed to grow a egg around 100k to a decent 932k in the space of a few months.thanks again medelyn brookes,for the regular update .
HYPE-0.15%
SUI-1.57%

HYPE/USD price calculator

HYPE
USD
1 HYPE = 31.41 USD. The current price of converting 1 Hyperliquid (HYPE) to USD is 31.41. This rate is for reference only.
Bitget offers the lowest transaction fees among all major trading platforms. The higher your VIP level, the more favorable the rates.

HYPE resources

Hyperliquid rating
4.5
105 ratings
Contracts:
0x0d01...b4011ec(Hyperliquid)
Links:

What can you do with cryptos like Hyperliquid (HYPE)?

Deposit easily and withdraw quicklyBuy to grow, sell to profitTrade spot for arbitrageTrade futures for high risk and high returnEarn passive income with stable interest ratesTransfer assets with your Web3 wallet

How do I buy Hyperliquid?

Learn how to get your first Hyperliquid in minutes.
See the tutorial

How do I sell Hyperliquid?

Learn how to cash out your Hyperliquid in minutes.
See the tutorial

What is Hyperliquid and how does Hyperliquid work?

Hyperliquid is a popular cryptocurrency. As a peer-to-peer decentralized currency, anyone can store, send, and receive Hyperliquid without the need for centralized authority like banks, financial institutions, or other intermediaries.
See more

Buy more

FAQ

What factors influence the price of Hyperliquid?

The price of Hyperliquid is influenced by various factors including market demand, trading volume, macroeconomic conditions, and developments within the Hyperliquid ecosystem.

Where can I buy Hyperliquid?

You can buy Hyperliquid on several exchanges, including Bitget Exchange, which offers a straightforward platform for trading.

Has Hyperliquid's price been volatile recently?

Yes, Hyperliquid's price has experienced volatility, typical for cryptocurrencies, with fluctuations influenced by market trends and investor sentiment.

What is the current price of Hyperliquid?

The current price of Hyperliquid can be found by checking real-time data on trading platforms like Bitget Exchange.

What is the price prediction for Hyperliquid in the next year?

Price predictions for Hyperliquid vary among analysts, but many suggest that continued innovation and adoption may lead to growth over the next year.

How does Hyperliquid's price compare to other cryptocurrencies?

Hyperliquid's price can be compared to other cryptocurrencies by examining market capitalization and trading volumes on exchanges like Bitget Exchange.

What are the best times to trade Hyperliquid for profit?

The best times to trade Hyperliquid for profit often align with periods of high trading volume and favorable market news, which can be tracked on platforms like Bitget Exchange.

Is it a good time to invest in Hyperliquid?

Whether it's a good time to invest in Hyperliquid depends on your investment strategy and market conditions. It's crucial to conduct thorough research and assess current trends.

What are the risks of investing in Hyperliquid?

Investing in Hyperliquid carries risks like market volatility, regulatory changes, and project development uncertainties, which are common in the cryptocurrency space.

How do I track the price of Hyperliquid?

You can easily track the price of Hyperliquid using cryptocurrency market aggregators or directly on exchanges like Bitget Exchange, which provide real-time updates.

What is the current price of Hyperliquid?

The live price of Hyperliquid is $31.41 per (HYPE/USD) with a current market cap of $8,160,199,501.58 USD. Hyperliquid's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Hyperliquid's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Hyperliquid?

Over the last 24 hours, the trading volume of Hyperliquid is $387.22M.

What is the all-time high of Hyperliquid?

The all-time high of Hyperliquid is $59.39. This all-time high is highest price for Hyperliquid since it was launched.

Can I buy Hyperliquid on Bitget?

Yes, Hyperliquid is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy hyperliquid guide.

Can I get a steady income from investing in Hyperliquid?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Hyperliquid with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Hot promotions

Where can I buy Hyperliquid (HYPE)?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
Download Bitget APP on Google PlayDownload Bitget APP on AppStore
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.

Video section — quick verification, quick trading

play cover
How to complete identity verification on Bitget and protect yourself from fraud
1. Log in to your Bitget account.
2. If you're new to Bitget, watch our tutorial on how to create an account.
3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
4. Choose your issuing country or region and ID type, and follow the instructions.
5. Select “Mobile Verification” or “PC” based on your preference.
6. Enter your details, submit a copy of your ID, and take a selfie.
7. Submit your application, and voila, you've completed identity verification!
Buy Hyperliquid for 1 USD
A welcome pack worth 6200 USDT for new Bitget users!
Buy Hyperliquid now
Cryptocurrency investments, including buying Hyperliquid online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Hyperliquid, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Hyperliquid purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.
share