Hyperliquid Ecosystem
1.04%
0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $92.11 | 2.53% | 3.51% | 8.66% | $23.09 B | $87.60 B | $631.28 M | |||
24 USDE 24Ethena USDe | $0.9996 | −0.00% | −0.01% | −0.03% | $4.91 B | $4.91 B | $56.01 M | |||
34 PUMP 34Pump.fun | $0.006419 | 0.05% | 31.98% | 53.30% | $2.98 B | $5.33 B | $290.04 M | |||
226 KNTQ 226Kinetiq | $0.3298 | 6.86% | 0.40% | 63.91% | $110.64 M | $329.80 M | $2.24 M | |||
247 PURR 247Purr | $0.1652 | −4.41% | 14.46% | 46.63% | $98.35 M | $98.35 M | $1.77 M | |||
282 UZEC 282Unit Zcash | $1,321.78 | −0.84% | −14.41% | 33.27% | $81.39 M | $81.39 M | $9.48 M | |||
887 UETH 887Unit Ethereum | $2,723.10 | 1.30% | 3.03% | 11.16% | $16.71 M | $17.11 M | $12.13 M | |||
1036 HFUN 1036Hypurr Fun | $12.44 | 0.97% | −11.71% | −22.22% | $12.39 M | $12.41 M | $13,151.63 | |||
1391 LSTHYPE 1391Hyperbeat LST Vault | $94.48 | 1.23% | −3.44% | 4.06% | $6.51 M | $6.51 M | $45.20 | |||
1780 RAM 1780Ramses | $0.04065 | −0.56% | 7.39% | −63.32% | $3.40 M | $9.91 M | $1.04 M | |||
1801 JEFF 1801Jeff | $3.25 | 0.47% | −2.47% | −4.94% | $3.25 M | $3.25 M | $779.62 | |||
1817 USDXL 1817Last USD | $0.9986 | 0.39% | 0.26% | 0.15% | $3.20 M | $87.88 B | $253.27 | |||
1977 PiP 1977PiP | $3.19 | 1.82% | 0.90% | 1.55% | $2.51 M | $2.51 M | $2,085.35 | |||
2087 USOL 2087Unit Solana | $121.62 | 0.44% | 2.57% | 19.06% | $2.15 M | $2.15 M | $7.60 M | |||
2169 HAHYPE 2169haHYPE | $94.69 | 0.91% | −1.25% | 9.35% | $1.92 M | $1.92 M | $7.96 | |||
2214 LIQD 2214LiquidLaunch | $0.001538 | −17.93% | −5.87% | −56.66% | $1.84 M | $1.84 M | $2,681.63 | |||
2560 ATEHUN 2560ATEHUN | $1.31 | −5.73% | 3.61% | 0.95% | $1.19 M | $1.19 M | $3,534.48 | |||
2695 HWHYPE 2695Hyperwave HYPE | $94.69 | 0.97% | 3.31% | 7.33% | $997,910.36 | $997,910.36 | $29.78 | |||
2750 BUDDY 2750alright buddy | $0.000942 | 0.36% | −6.99% | −37.96% | $942,000.00 | $942,000.00 | $2,704.86 | |||
2896 CATBAL 2896Catbal | $0.8026 | 0.92% | 0.60% | −3.19% | $802,045.27 | $802,045.27 | $616.58 | |||
2928 SOVRN 2928Sovrun | $0.0009206 | 2.91% | −2.17% | −12.44% | $778,003.57 | $825,567.90 | $5,236.37 | |||
3215 QONE 3215QONE | $0.004159 | −2.49% | −10.44% | −16.99% | $571,356.96 | $4.19 M | $50,495.60 | |||
3831 PEG 3831PEG | $0.001127 | 0.14% | 0.33% | −4.64% | $314,894.80 | $613,664.85 | $75.80 | |||
4319 CAT 4319Liquid Cat | $0.18 | −0.01% | 2.86% | −19.27% | $208,663.38 | $208,663.38 | $79.32 | |||
4431 LAUNCH 4431Hyperlauncher | $0.003763 | 0.00% | −0.47% | 25.54% | $190,415.96 | $190,415.96 | $14.77 | |||
4866 FLIP 4866FLIP | $0.0001355 | 1.00% | 0.36% | 1.06% | $135,500.00 | $135,500.00 | $90.74 | |||
5558 YEETI 5558YEETI 液体 | $0.00008104 | 0.00% | −0.96% | 2.85% | $81,040.00 | $81,040.00 | $11.32 | |||
5670 TIME 5670Timeswap | $0.0002148 | −6.51% | −18.89% | −11.07% | $75,180.00 | $375,900.00 | $0.3733 | |||
5996 AUTIST 5996Autist | $0.1054 | −0.12% | −19.78% | −18.77% | $59,561.55 | $59,561.55 | $3.10 | |||
6067 VEGAS 6067Vegas | $0.005689 | 26.69% | −0.02% | 69.43% | $56,617.58 | $56,617.58 | $0.1591 | |||
6524 $RUG 6524RUGMAN | $0.0004128 | 0.00% | −1.09% | −14.39% | $41,280.00 | $41,280.00 | $1.57 | |||
6581 FARM 6581FARM | $0.03302 | 0.18% | −5.09% | 1.52% | $39,614.25 | $39,614.25 | $3.60 | |||
6806 UFART 6806Unit Fartcoin | $0.185 | 3.37% | 8.10% | 10.70% | $33,831.18 | $33,831.18 | $17.16 | |||
7885 HYENA 7885HYENA | $0.01534 | 10.55% | −8.86% | −35.38% | $15,973.25 | $15,973.25 | $4.52 | |||
8746 CZ 8746CZ on Hyperliquid | $0.002055 | −2.02% | −10.57% | −96.45% | $9,110.84 | $9,110.84 | $26,861.00 | |||
11936 WSTHYPE 11936Staked HYPE Shares | $95.26 | 2.78% | 3.58% | 8.76% | -- | $210.92 M | $34,421.00 | |||
11999 USDHL 11999Hyper USD | $1.00 | 0.06% | −0.01% | 0.36% | -- | $13.07 M | $3,493.03 | |||
12059 BEHYPE 12059Hyperbeat x Ether.fi HYPE | $93.97 | 2.62% | 3.63% | 8.73% | -- | $14.31 M | $3.73 |
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.