Hyperliquid Ecosystem
0.96%
−0.02%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $65.90 | −3.03% | −2.09% | −12.66% | $16.67 B | $62.82 B | $234.52 M | |||
23 USDE 23Ethena USDe | $1.00 | 0.00% | 0.07% | 0.03% | $4.02 B | $4.02 B | $92.36 M | |||
72 PUMP 72Pump.fun | $0.001608 | −1.48% | 6.94% | 2.34% | $644.60 M | $1.37 B | $59.91 M | |||
379 PURR 379Purr | $0.07915 | −6.20% | −11.64% | −36.10% | $46.88 M | $46.88 M | $563,109.26 | |||
494 KNTQ 494Kinetiq | $0.1214 | −2.09% | −18.00% | −52.15% | $34.05 M | $121.40 M | $157,108.00 | |||
846 UETH 846Unit Ethereum | $1,887.91 | 0.42% | 8.26% | 5.04% | $14.87 M | $188.79 B | $22.22 M | |||
862 XAUT0 862Tether Gold Tokens | $4,025.47 | 0.02% | −1.59% | −6.93% | $14.43 M | $14.43 M | $583,124.00 | |||
889 HFUN 889Hypurr Fun | $13.78 | 0.29% | −4.96% | 31.55% | $13.72 M | $13.74 M | $27,289.00 | |||
971 UFART 971Unit Fartcoin | $0.1445 | −3.23% | −0.84% | 4.21% | $11.57 M | $144.50 M | $76.46 | |||
1014 USOL 1014Unit Solana | $76.21 | −1.52% | −1.71% | 1.96% | $10.62 M | $38.11 B | $6.85 M | |||
1661 USDXL 1661Last USD | $0.9866 | −0.21% | 0.22% | −3.24% | $3.16 M | $86.82 B | $1,295.12 | |||
1760 JEFF 1760Jeff | $2.69 | −1.38% | −3.87% | −19.24% | $2.69 M | $2.69 M | $2,118.43 | |||
1907 HAHYPE 1907haHYPE | $67.79 | −3.01% | −3.37% | −12.54% | $2.16 M | $2.16 M | $15.64 | |||
2095 LIQD 2095LiquidLaunch | $0.001409 | 20.46% | 3.05% | −9.82% | $1.69 M | $1.69 M | $452.71 | |||
2122 PiP 2122PiP | $2.09 | −1.46% | −10.37% | −26.57% | $1.64 M | $1.64 M | $726.91 | |||
2271 HWHYPE 2271Hyperwave HYPE | $70.67 | 0.08% | 0.01% | −6.69% | $1.37 M | $1.37 M | $57.59 | |||
2319 SOVRN 2319Sovrun | $0.001549 | −9.40% | −17.53% | −42.16% | $1.29 M | $1.39 M | $11,911.66 | |||
2670 ATEHUN 2670ATEHUN | $0.9654 | −7.69% | −10.55% | −32.11% | $876,396.87 | $876,396.87 | $5,391.89 | |||
2693 BUDDY 2693alright buddy | $0.0008524 | −5.12% | −19.68% | −38.08% | $852,400.00 | $852,400.00 | $6,636.17 | |||
2763 CATBAL 2763Catbal | $0.7938 | −0.88% | −2.02% | −16.41% | $793,251.35 | $793,251.35 | $651.69 | |||
3146 ORA 3146ORA Coin | $0.009296 | −7.00% | 43.56% | 7.02% | $523,519.73 | $3.10 M | $480.45 | |||
3524 PEG 3524PEG | $0.001295 | −0.43% | −0.89% | −17.54% | $357,396.32 | $700,992.64 | $178.58 | |||
4490 TIME 4490Timeswap | $0.0004059 | 0.12% | 3.79% | −11.75% | $142,065.00 | $710,325.00 | $0.143 | |||
5055 FLIP 5055FLIP | $0.00009221 | −2.53% | −4.33% | −30.87% | $92,210.00 | $92,210.00 | $11.08 | |||
5134 YEETI 5134YEETI 液体 | $0.00008692 | −0.04% | −1.72% | −3.50% | $86,920.00 | $86,920.00 | $18.61 | |||
5988 FARM 5988FARM | $0.03744 | −0.23% | −0.52% | −5.72% | $44,916.94 | $44,916.94 | $0.010108 | |||
6748 HYENA 6748HYENA | $0.02425 | −0.06% | −23.00% | −28.50% | $25,251.06 | $25,251.06 | $26.85 | |||
6756 KEI 6756KEI Stablecoin | $0.8524 | −1.89% | −1.97% | −13.57% | $25,100.77 | $25,100.77 | $34.31 | |||
7431 FLY 7431HyperFly | $0.000013 | 0.00% | 0.00% | 8.33% | $14,262.65 | $15,597.83 | $6.12 | |||
7701 H 7701H | $0.0001011 | 74.16% | 29.55% | −39.14% | $11,468.84 | $12,130.26 | $0.011008 | |||
11209 WSTHYPE 11209Staked HYPE Shares | $67.68 | −2.92% | −2.22% | −12.73% | -- | $193.77 M | $128,425.00 | |||
11290 USDHL 11290Hyper USD | $0.9951 | 0.03% | 0.16% | −0.48% | -- | $8.85 B | $21,792.00 | |||
11365 BEHYPE 11365Hyperbeat x Ether.fi HYPE | $66.71 | −3.12% | −3.17% | −12.55% | -- | $11.12 M | $1,065.65 | |||
11486 QONE 11486QONE | $0.0054 | −2.23% | 7.89% | 21.51% | -- | -- | $32,212.61 |
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.