Hyperliquid (HYPE)
HYPE is Hyperliquid’s native asset. Track its price and understand HyperCore, HyperEVM, staking and the risks of using the network.
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Chart: TradingView Lightweight Charts™ · Data: CoinMarketCap
Hyperliquid value in USD
Conversions using the latest available price. Excludes fees and the bid-ask spread.
| HYPE amount | Value |
|---|---|
| 0.001 HYPE | $0.0830 |
| 0.01 HYPE | $0.8297 |
| 0.1 HYPE | $8.30 |
| 1 HYPE | $82.97 |
| 10 HYPE | $829.68 |
| Budget | Estimated amount of HYPE |
|---|---|
| $100.00 | 1.20528811 HYPE |
| $500.00 | 6.02644054 HYPE |
| $1,000.00 | 12.05288108 HYPE |
| $5,000.00 | 60.26440538 HYPE |
| $10,000.00 | 120.52881075 HYPE |
On this page
Hyperliquid is a blockchain designed for trading applications, and HYPE is its native crypto asset. The project is best known for spot and perpetual futures markets built around an order book. Buying HYPE and opening a leveraged position on Hyperliquid are different activities: one gives you an asset balance, while the other creates a contract position backed by collateral.
What is Hyperliquid, and how does it work?
Hyperliquid runs its own layer-one blockchain, the base network that validates transactions and maintains records. Its two main components are HyperCore and HyperEVM. HyperCore operates spot and perpetual order books. An order book lists offers to buy and sell at different prices; a trade needs a matching order on the other side.
HyperEVM lets developers create applications using smart contracts. Compatibility with Ethereum development tools does not make it the Ethereum network. HyperCore and HyperEVM share Hyperliquid’s HyperBFT consensus system. For users, a practical distinction matters: a trading balance, a staking balance and assets used in an application may be managed in different places.
What is HYPE used for?
HYPE pays network transaction fees on HyperEVM. The fee needed to transfer tokens or interact with a contract is called gas. A network fee is different from an exchange trading commission. A swap can involve both a charge for executing the trade and a cost for recording the transaction on the blockchain.
HYPE can also be delegated to validators to support network security. Hyperliquid’s fee schedule includes trading discounts linked to the amount of HYPE staked. Rates and eligibility can change, so check the current schedule before trading. Holding HYPE is not the same as owning company shares or receiving an unconditional entitlement to all trading revenue.
How does HYPE staking work?
Native HYPE staking takes place within HyperCore. Users delegate HYPE from a staking account to a chosen validator, which participates in reaching agreement on the network’s transaction history. Rewards depend on network rules and factors such as validator commission. An annual rate displayed by an application is not a fixed promise of earnings.
Ending a delegation and making the balance available in the spot account are separate steps. Official documentation describes a one-day delegation lock and a seven-day withdrawal queue for transfers from staking to spot. Verify the current conditions before committing funds. Assets you may want to sell at short notice might not be immediately available during this process.
Spot HYPE versus perpetual futures
A spot purchase gives you a HYPE balance. A perpetual trade creates a contract position linked to a price; taking a position on HYPE does not necessarily deliver HYPE tokens. Leverage increases the size of the position supported by your collateral, but also accelerates losses. Insufficient collateral can lead to liquidation.
Perpetual positions may involve funding payments as well as trading fees. A spot price chart does not show every cost associated with an open derivatives position. Following HYPE’s market price on this page is therefore different from calculating the complete profit or loss of a particular contract.
HYPE price, market cap and calculator
The price display and calculator show HYPE’s value in US dollars or Turkish lira. The calculation multiplies the amount of HYPE by its unit price in the selected currency. For a hypothetical illustration, at $40 per token, 2.5 HYPE would be worth $100. This is an arithmetic example, not a current quote; use the calculator for the latest available conversion.
Market capitalization is the unit price multiplied by circulating supply, while volume measures trading over a period. More activity on the network does not guarantee a proportional increase in HYPE’s price. Tokens entering circulation, available liquidity, broader crypto demand and project developments can all matter. Past performance does not determine future returns.
Transfers and application risks
Before sending funds, check whether the receiving service supports HyperCore or HyperEVM. Seeing the same wallet address does not mean every service accepts every transfer route. Follow the network selection and instructions on the receiving platform’s deposit screen. A small initial transfer can help verify that funds arrive in the intended account.
An application running on HyperEVM is not automatically guaranteed to be safe. Smart contract bugs, misleading wallet permissions, validator problems and declining trading liquidity are different sources of risk. Understand the token spending permissions you grant and how withdrawals work before depositing funds.
Official sources
Related news
Topic archive ↗
Hyperliquid Policy Center Backs CFTC, Seeks Dismissal of CME’s Crypto Futures Lawsuit
One Company Accounts for 8% of Futures Trading Volume on Hyperliquid: Who Is This Actor?
The Direction of Growth Has Shifted at Hyperliquid: What Changed as HYPE Token Hits a Record $88?
$357 Million Flows Into Funds Tracking HYPE: Positions of 30 Firms Disclosed
Trump Wants to Bring Hyperliquid to the US: Separate Product Planned Instead of Direct Entry
