Hyperliquid Ecosystem
1.01%
−0.05%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $68.70 | −7.32% | −11.62% | −16.17% | $17.37 B | $65.39 B | $336.18 M | |||
18 USDE 18Ethena USDe | $1.00 | −0.01% | 0.08% | −0.02% | $4.91 B | $4.91 B | $30.58 M | |||
47 PUMP 47Pump.fun | $0.00328 | −5.84% | −13.63% | −35.94% | $1.50 B | $2.70 B | $84.18 M | |||
171 KNTQ 171Kinetiq | $0.2445 | −15.94% | −48.74% | −18.77% | $136.68 M | $244.50 M | $6.18 M | |||
284 PURR 284Purr | $0.0912 | −0.90% | −9.53% | −17.10% | $54.30 M | $54.24 M | $917,974.49 | |||
800 UETH 800Unit Ethereum | $1,907.76 | −2.79% | −14.92% | −24.21% | $12.99 M | $12.99 M | $17.14 M | |||
903 HFUN 903Hypurr Fun | $10.65 | −1.39% | −5.67% | −9.54% | $10.60 M | $10.62 M | $91,104.00 | |||
1331 LSTHYPE 1331Hyperbeat LST Vault | $72.23 | −3.97% | −19.34% | −14.23% | $4.62 M | $4.62 M | $40.14 | |||
1536 USDXL 1536Last USD | $1.00 | 0.70% | 1.80% | 2.14% | $3.20 M | $88.09 B | $3,307.30 | |||
1798 RAM 1798Ramses | $0.02303 | −3.40% | −27.98% | −17.99% | $2.04 M | $5.79 M | $1.06 M | |||
1840 JEFF 1840Jeff | $1.92 | −5.95% | −24.17% | −33.80% | $1.92 M | $1.92 M | $4,447.71 | |||
1964 USOL 1964Unit Solana | $75.84 | −6.03% | −15.55% | −29.77% | $1.58 M | $1.58 M | $4.30 M | |||
2263 PiP 2263PiP | $1.33 | −0.64% | −27.87% | −49.00% | $1.05 M | $1.05 M | $1,657.88 | |||
2420 HAHYPE 2420haHYPE | $71.63 | −4.18% | −12.16% | −13.55% | $839,865.12 | $839,865.12 | $45.21 | |||
2745 QONE 2745QONE | $0.003928 | −4.63% | −11.06% | 1.67% | $563,105.88 | $3.95 M | $56,690.14 | |||
2801 ATEHUN 2801ATEHUN | $0.5771 | −10.24% | −16.48% | −27.97% | $523,895.41 | $523,895.41 | $2,577.44 | |||
2870 HWHYPE 2870Hyperwave HYPE | $71.74 | −7.01% | −13.38% | −14.96% | $489,832.66 | $489,832.66 | $34.65 | |||
2910 CATBAL 2910Catbal | $0.4661 | −2.40% | −9.46% | −24.91% | $465,777.85 | $465,777.85 | $1,257.21 | |||
3082 SOVRN 3082Sovrun | $0.0004433 | −3.29% | −32.71% | −41.88% | $376,605.22 | $397,538.83 | $536.11 | |||
3106 LIQD 3106LiquidLaunch | $0.0003061 | −20.39% | −72.37% | −79.33% | $366,989.12 | $366,989.12 | $1,330.26 | |||
3163 BUDDY 3163alright buddy | $0.0003451 | −6.80% | −29.21% | −44.38% | $345,100.00 | $345,100.00 | $641.51 | |||
3334 PEG 3334PEG | $0.001035 | −1.29% | −2.26% | −4.52% | $291,019.55 | $565,385.76 | $512.73 | |||
4237 UFART 4237Unit Fartcoin | $0.1029 | −10.96% | −12.84% | −36.83% | $124,880.42 | $124,880.42 | $224.37 | |||
4332 CAT 4332Liquid Cat | $0.09992 | −0.02% | −16.71% | 0.00% | $115,831.36 | $115,831.36 | $74.17 | |||
4631 FLIP 4631FLIP | $0.00008944 | −8.04% | −15.24% | −23.70% | $89,440.00 | $89,440.00 | $42.88 | |||
4807 YEETI 4807YEETI 液体 | $0.00007753 | 0.26% | −0.91% | −4.38% | $77,530.00 | $77,530.00 | $19.98 | |||
5844 VEGAS 5844Vegas | $0.003511 | −32.62% | 0.16% | −32.65% | $34,941.87 | $34,941.87 | $0.014535 | |||
6022 DEPIN 6022DEPIN | $0.00003201 | 39.29% | −17.95% | −36.19% | $30,840.55 | $32,985.08 | $32.48 | |||
6128 AUTIST 6128Autist | $0.05058 | −30.00% | −39.22% | −48.55% | $28,582.76 | $28,582.76 | $560.10 | |||
6168 ORA 6168ORA Coin | $0.0007566 | 7.99% | 37.26% | −69.55% | $27,741.99 | $252,199.99 | $67.54 | |||
6604 HYENA 6604HYENA | $0.01938 | −0.03% | −2.42% | 32.82% | $20,180.02 | $20,180.02 | $784.69 | |||
7496 FLY 7496HyperFly | $0.00000899 | 0.00% | 0.00% | −10.01% | $9,863.17 | $10,786.50 | $0.0₅1798 | |||
8224 CZ 8224CZ on Hyperliquid | $0.001212 | −5.01% | −14.81% | −26.13% | $5,373.40 | $5,373.40 | $24,775.00 | |||
11008 FRAC 11008FRACTRADE | $0.02567 | 8.00% | 7.57% | 6.50% | -- | $605,646.76 | $678.90 | |||
11026 WSTHYPE 11026Staked HYPE Shares | $71.51 | −6.90% | −11.74% | −14.26% | -- | $157.32 M | $2,169.31 | |||
11079 USDHL 11079Hyper USD | $0.9984 | 0.11% | 0.17% | 3.11% | -- | $13.03 M | $1,338.18 | |||
11132 BEHYPE 11132Hyperbeat x Ether.fi HYPE | $70.32 | −7.08% | −13.48% | −14.50% | -- | $11.41 M | $1,139.12 |
Frequently Asked Questions
What is the Hyperliquid ecosystem?
The Hyperliquid ecosystem groups every token native to or integrated with Hyperliquid, a Layer-1 blockchain purpose-built for on-chain finance. Hyperliquid runs an on-chain perpetuals order book processing 200,000+ orders per second with sub-second finality. The ecosystem anchors on HYPE and spans DeFi, stablecoins, liquid staking, launchpads and meme tokens. Per DropsTab data, the Hyperliquid ecosystem category tracks dozens of assets across six sub-sectors — DeFi, stablecoins, liquid staking, launchpads, meme tokens and Unit synthetic assets.
Is Hyperliquid a Layer 1 blockchain?
Yes. Hyperliquid is a standalone Layer-1 blockchain, not a token deployed on another chain. Hyperliquid pairs two layers: HyperCore, the native order-book engine running the perpetuals and spot exchange, and HyperEVM, an EVM-compatible execution layer. HYPE is the native coin securing the chain through proof-of-stake. The Layer-1 design lets Hyperliquid deliver sub-second finality and a fully on-chain order book rather than relying on external settlement.
What is HyperEVM?
HyperEVM is Hyperliquid's EVM-compatible execution layer, launched in early 2025. HyperEVM lets developers deploy standard Solidity smart contracts while sharing state with HyperCore, the native order-book layer. The HyperEVM launch opened Hyperliquid to general-purpose DeFi and seeded lending protocols, CDP stablecoins, liquid-staking tokens and launchpads. HyperEVM is the foundation for most non-native ecosystem tokens, including Kinetiq (KNTQ) and the Unit synthetic assets UETH, USOL and UFART.
Which projects lead the Hyperliquid ecosystem by market cap?
HYPE (Hyperliquid) leads the ecosystem as the native gas, staking and governance coin and the largest by market cap. Ethena USDe (USDE) serves as a major synthetic-dollar collateral asset, and Pump.fun (PUMP) ranks among the largest by market cap. Kinetiq (KNTQ) leads liquid staking, wrapping staked HYPE into composable tokens. Hyper USD (USDHL) and KEI Stablecoin (KEI) anchor the stablecoin segment. DropsTab lists these alongside dozens of LST, meme and launchpad tokens.
What is the HYPE token used for?
HYPE is the native coin of Hyperliquid, used for gas fees, proof-of-stake staking and governance. HYPE also anchors a fee-buyback flywheel: the Assistance Fund directs the bulk of Hyperliquid protocol fees into daily HYPE buy-backs, removing tokens from circulating supply. The buyback mechanism ties HYPE's value directly to on-chain trading volume. Institutional HYPE staking has begun through ETF issuers, broadening HYPE demand beyond on-chain participants.
How is the Hyperliquid ecosystem measured by TVL?
Analysts measure the Hyperliquid ecosystem through Total Value Locked (TVL), protocol count, HYPE staking ratio and on-chain trading volume. TVL figures are fragmented: DeFiLlama's Hyperliquid Layer-1 chain TVL has tracked in the low-single-billions while bridged TVL reads several multiples higher, so ranges matter more than point values. No single standardised aggregate exists. Kinetiq (KNTQ) TVL peaked in the multi-billion range in late 2025 per DeFiLlama.
What are the risks of investing in Hyperliquid ecosystem tokens?
Concentration is the primary risk: TVL and activity weight heavily toward HYPE and a small set of native protocols, creating reflexivity if fees or volume decline. Smart-contract risk is real — the Hypervault exploit drained roughly $3.6M. Regulatory exposure around perpetuals and stablecoins is elevated. The native HyperCore versus HyperEVM distinction can confuse bridging and custody assumptions. Fragmented, volatile TVL metrics complicate valuation across the Hyperliquid ecosystem.
How to track Hyperliquid ecosystem projects on DropsTab?
DropsTab aggregates the Hyperliquid ecosystem on one category page, listing dozens of assets with filters for Market Cap, sector and token type. The category scanner ranks HYPE, USDE, PUMP, KNTQ and the full membership side by side. Vesting schedules and unlock calendars surface upcoming HYPE and LST token unlocks, while the Fundraising database and Drops Bot alerts track new listings. Filtering separates LSTs, stablecoins, launchpads and Unit synthetic assets.