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Articles / hyperliquid / Hyperliquid TVL, Fees, Revenue & Volume

Hyperliquid TVL, Fees, Revenue & Volume

Jun 5, 2026 · Source: defillama.com · Topic:  hyperliquid
Total Value Locked
$5.879b
Total value of all coins held in the smart contracts of the Hyperliquid protocol.
Annualized Revenue
$879.14m
Total revenue generated by Hyperliquid on an annualized basis.
Cumulative Revenue
$1.139b
Total revenue accrued by Hyperliquid since inception.

§ 01 Executive Snapshot

  • What: Hyperliquid reports significant metrics regarding Total Value Locked (TVL), fees, revenue, and trading volume.
  • Who: Hyperliquid, a Layer 1 blockchain ecosystem focused on perpetual futures and spot trading.
  • Why it matters: The data highlights Hyperliquid's robust market position and operational performance in the decentralized finance (DeFi) space.

§ 02 Key Developments

  • Total Value Locked (TVL) reached $5.879 billion, with $3.48 billion on Hyperliquid L1 and $2.4 billion on Arbitrum.
  • Annualized fees amount to $1.055 billion, with $71.58 million in fees collected over the last 30 days.
  • Cumulative revenue stands at $1.139 billion, with an annualized revenue of $879.14 million.

§ 03 Strategic Context

  • Hyperliquid is positioned as a leading Layer 1 blockchain, emphasizing perpetual futures trading, which has seen increasing popularity within the DeFi sector.
  • The performance metrics indicate strong user engagement and financial health, reflecting the growing adoption of decentralized trading platforms.

§ 04 Strategic Implications

  • The substantial TVL and revenue figures suggest Hyperliquid is well-positioned to capitalize on market trends, potentially attracting more liquidity and user participation.
  • Positive financial metrics may lead to enhanced partnerships and integrations within the broader DeFi ecosystem, further solidifying its market presence.

§ 05 Risks & Constraints

  • Potential risks include market volatility affecting trading volumes and revenues, which could impact long-term growth strategies.
  • Regulatory scrutiny on DeFi protocols may impose operational constraints or affect user trust and participation.

§ 06 Watchlist / Forward Signals

  • Key upcoming signals include further developments in user incentives and governance structures as Hyperliquid seeks to enhance user engagement.
  • Monitoring changes in market cap and trading volumes will provide insights into Hyperliquid's ongoing market performance and competitive positioning.
§ 07

Frequently Asked Questions

What is the Total Value Locked (TVL) for Hyperliquid?

The Total Value Locked (TVL) for Hyperliquid reached $5.879 billion.

Why is Hyperliquid's revenue significant?

Hyperliquid's cumulative revenue stands at $1.139 billion, indicating strong financial health and user engagement.

How does Hyperliquid's trading volume impact its market position?

The substantial trading volume and TVL suggest that Hyperliquid is well-positioned to attract more liquidity and user participation.

§ 08

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