Hyperliquid Ecosystem
0.99%
0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $80.13 | 2.16% | −5.87% | 41.95% | $20.17 B | $76.26 B | $257.81 M | |||
18 USDE 18Ethena USDe | $0.9998 | 0.02% | 0.00% | 0.00% | $4.67 B | $4.67 B | $48.85 M | |||
43 PUMP 43Pump.fun | $0.003723 | 3.35% | −17.81% | 34.73% | $1.74 B | $3.10 B | $97.14 M | |||
292 UZEC 292Unit Zcash | $1,162.74 | 7.40% | 1.29% | 136.08% | $71.59 M | $71.59 M | $16.98 M | |||
310 PURR 310Purr | $0.1117 | 2.26% | −2.89% | 69.19% | $66.50 M | $66.50 M | $997,054.24 | |||
344 KNTQ 344Kinetiq | $0.2029 | 0.27% | −7.01% | 70.44% | $56.91 M | $202.90 M | $928,608.00 | |||
804 UETH 804Unit Ethereum | $2,518.63 | 0.64% | 0.64% | 33.61% | $18.35 M | $18.35 M | $20.31 M | |||
958 HFUN 958Hypurr Fun | $13.33 | −0.22% | −5.73% | −15.74% | $13.27 M | $13.29 M | $41,278.00 | |||
1554 LIQD 1554LiquidLaunch | $0.003923 | 4.23% | 45.38% | 324.58% | $4.70 M | $4.70 M | $11,471.88 | |||
1674 RAM 1674Ramses | $0.04834 | −11.98% | −25.45% | −67.49% | $3.88 M | $11.59 M | $1.42 M | |||
1801 USDXL 1801Last USD | $0.988 | 0.16% | −0.79% | −1.08% | $3.16 M | $86.94 B | $1,395.15 | |||
1803 JEFF 1803Jeff | $3.15 | 0.84% | −5.49% | 97.06% | $3.15 M | $3.15 M | $4,889.59 | |||
1948 PiP 1948PiP | $3.25 | 1.01% | −0.48% | 93.03% | $2.55 M | $2.55 M | $3,235.89 | |||
1957 USOL 1957Unit Solana | $102.31 | 1.70% | −1.95% | 35.27% | $2.53 M | $2.53 M | $5.55 M | |||
2732 BUDDY 2732alright buddy | $0.0009501 | 11.15% | −25.98% | 51.34% | $950,100.00 | $950,100.00 | $3,515.27 | |||
2832 CATBAL 2832Catbal | $0.8473 | 2.16% | 4.95% | 18.54% | $846,714.38 | $846,714.38 | $1,610.20 | |||
2859 ATEHUN 2859ATEHUN | $0.9143 | −15.55% | −34.69% | −9.96% | $830,007.94 | $830,007.94 | $13,369.63 | |||
2909 SOVRN 2909Sovrun | $0.0009397 | 0.35% | −12.63% | −0.56% | $789,968.63 | $842,696.24 | $202.44 | |||
3061 QONE 3061QONE | $0.004856 | 4.09% | −2.92% | −10.28% | $672,626.20 | $4.90 M | $81,144.16 | |||
3795 PEG 3795PEG | $0.001145 | −0.26% | −1.76% | −6.19% | $319,040.31 | $622,610.35 | $352.58 | |||
4673 LAUNCH 4673Hyperlauncher | $0.003 | 0.04% | 0.36% | −1.85% | $151,806.51 | $151,806.51 | $8.63 | |||
4720 ORA 4720ORA Coin | $0.004 | 1.08% | −0.78% | −18.33% | $146,666.66 | $1.33 M | $63.77 | |||
4932 FLIP 4932FLIP | $0.000124 | 3.13% | −7.50% | 54.82% | $124,000.00 | $124,000.00 | $2.22 | |||
5017 CAT 5017Liquid Cat | $0.10 | −20.02% | −58.70% | 198.81% | $115,924.10 | $115,924.10 | $68.43 | |||
5324 LQNA 5324Liquina | $0.08579 | −0.26% | −4.35% | 4.56% | $91,669.78 | $102,948.00 | $9.44 | |||
5406 TIME 5406Timeswap | $0.0002481 | −0.04% | 2.83% | −31.47% | $86,835.00 | $434,175.00 | $0.051268 | |||
5500 YEETI 5500YEETI 液体 | $0.00008205 | 0.05% | −0.25% | 3.01% | $82,050.00 | $82,050.00 | $0.1333 | |||
6248 DEPIN 6248DEPIN | $0.000049 | −7.52% | −28.98% | −43.70% | $47,209.84 | $50,492.62 | $84.35 | |||
6270 $RUG 6270RUGMAN | $0.0004656 | −0.26% | −3.48% | −2.09% | $46,560.00 | $46,560.00 | $10.85 | |||
6492 FARM 6492FARM | $0.03307 | 10.10% | 5.27% | −4.69% | $39,674.23 | $39,674.24 | $140.18 | |||
7452 HYENA 7452HYENA | $0.01943 | 24.72% | −18.13% | 42.99% | $20,232.08 | $20,232.08 | $5.60 | |||
7554 FLY 7554HyperFly | $0.00001699 | 0.00% | 41.58% | 88.99% | $18,640.19 | $20,385.17 | $10.34 | |||
8147 CZ 8147CZ on Hyperliquid | $0.002757 | −2.18% | −95.25% | −95.30% | $12,223.15 | $12,223.15 | $31,167.00 | |||
11792 WSTHYPE 11792Staked HYPE Shares | $82.85 | 2.13% | −5.67% | 42.98% | -- | $204.74 M | $77,582.00 | |||
11855 USDHL 11855Hyper USD | $0.9999 | 0.10% | 0.10% | 0.12% | -- | $13.05 M | $5,903.20 | |||
11918 BEHYPE 11918Hyperbeat x Ether.fi HYPE | $81.68 | 2.24% | −5.69% | 42.89% | -- | $13.80 M | $2,288.93 |
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.