Hyperliquid HYPE

Cryptocurrency · Layer 1 · Proof of Stake (PoS) · launched in 2024

№10of 40 004

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Price —: $19.47 billion
Capitalization: $745.26 million
Volume over 24 hours: 0.72%
Dominance

About the coin

Circulating supply: 253.75 million HYPE
Total supply: 950.58 million HYPE
Maximum supply: 950.58 million HYPE
Fully diluted capitalization: $72.95 billion
24h high: —
24h low: —

Hyperliquid is a layer-1 blockchain created for decentralized trading. Its main product is a perpetual futures and spot assets exchange with a fully on-chain order book that matches centralized platforms in speed. Founded by Jeff Yan, the exchange launched in 2023. The network runs on its proprietary HyperBFT consensus algorithm and includes HyperEVM, a smart contract environment compatible with Ethereum. The native HYPE token was distributed to users through an airdrop in 2024 without venture fund participation. HYPE is used for staking, gas fees, and trading fee discounts, with a portion of trading commissions directed toward token buybacks from the market.

Additional information

Project website Whitepaper Block explorer

Coins issued 253.75 million of 950.58 million HYPE

26.69% of the maximum supply 696.83 million HYPE left to mine

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Amount of HYPE

In dollars —

In sums —

Reference rate: 1 HYPE = —, $1 = 11 903.15 sum.

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Hyperliquid is a Layer 1 blockchain designed for decentralized trading. The network's main product is an exchange of perpetual futures and spot assets that operates entirely on-chain while matching the speed and convenience of centralized exchanges. HYPE is the ecosystem's native token.
The project was founded by Jeff Yan, formerly in high-frequency trading, along with a small team at Hyperliquid Labs. The exchange launched in 2023. The team developed the project without venture capital funding.
Most DEXs operate through liquidity pools (AMM). Hyperliquid uses a full order book where every order, cancellation, and trade are recorded on the blockchain. This provides traders with familiar tools—limit orders, leverage, fast execution—while maintaining transparency: all operations can be verified.
The network operates on its own HyperBFT consensus algorithm and consists of two parts. HyperCore handles trading: order books, margin, and liquidations. HyperEVM is a smart contract environment compatible with Ethereum, where developers create DeFi applications that can directly access exchange liquidity.
HYPE was launched in 2024. A significant portion of tokens were distributed through an airdrop to active exchange users rather than sold to investors. The project is often cited as an example of community-focused token distribution. Remaining tokens are reserved for future community rewards, team, and development fund.
HYPE is used for staking and network security, paying gas in HyperEVM, and receiving discounts on trading fees. Holders also participate in protocol governance through validator voting by delegating their tokens.

Legal status of crypto assets in Uzbekistan

This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.

Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.

The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at napp.uz.