Hyperliquid Ecosystem
0.95%
0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
10 HYPE 10Hyperliquid | $76.49 | 1.11% | −3.30% | −19.16% | $19.41 B | $72.71 B | $633.32 M | |||
21 USDE 21Ethena USDe | $0.9996 | 0.01% | 0.02% | −0.02% | $4.58 B | $4.58 B | $11.07 M | |||
42 PUMP 42Pump.fun | $0.004242 | 0.23% | −0.98% | −0.32% | $1.96 B | $3.50 B | $89.81 M | |||
204 KNTQ 204Kinetiq | $0.3775 | 1.74% | 24.42% | 17.24% | $119.26 M | $377.50 M | $2.18 M | |||
272 UZEC 272Unit Zcash | $1,216.93 | 5.57% | 8.06% | −25.36% | $74.93 M | $74.93 M | $14.08 M | |||
324 PURR 324Purr | $0.09741 | 2.47% | 7.48% | −24.54% | $57.99 M | $57.99 M | $672,885.00 | |||
877 UETH 877Unit Ethereum | $2,338.36 | −0.92% | −3.22% | −14.52% | $14.39 M | $14.39 M | $14.48 M | |||
996 HFUN 996Hypurr Fun | $11.67 | 0.34% | 2.46% | −19.18% | $11.62 M | $11.64 M | $14,471.04 | |||
1724 USDXL 1724Last USD | $0.9849 | −0.03% | 0.14% | −1.35% | $3.15 M | $86.67 B | $1,297.61 | |||
1814 RAM 1814Ramses | $0.03316 | −6.37% | −15.20% | −31.04% | $2.76 M | $8.15 M | $1.08 M | |||
1837 JEFF 1837Jeff | $2.67 | −3.95% | −7.29% | −8.80% | $2.67 M | $2.67 M | $3,891.21 | |||
2027 USOL 2027Unit Solana | $101.25 | −0.05% | −2.61% | −16.78% | $1.96 M | $1.96 M | $4.99 M | |||
2117 PiP 2117PiP | $2.19 | 0.17% | −1.38% | −28.38% | $1.72 M | $1.72 M | $943.20 | |||
2358 LIQD 2358LiquidLaunch | $0.001055 | 1.83% | −12.74% | −47.47% | $1.26 M | $1.26 M | $151.06 | |||
2395 HAHYPE 2395haHYPE | $79.65 | −0.70% | −1.95% | −20.01% | $1.21 M | $1.18 M | $5.16 | |||
2817 ATEHUN 2817ATEHUN | $0.8067 | −4.39% | 6.32% | −36.27% | $732,327.90 | $732,327.90 | $887.98 | |||
2982 QONE 2982QONE | $0.004241 | 1.16% | 5.78% | −16.68% | $600,027.44 | $4.27 M | $87,021.00 | |||
2995 SOVRN 2995Sovrun | $0.0007 | −0.54% | −3.23% | −25.80% | $591,573.43 | $627,740.09 | $247.61 | |||
3015 BUDDY 3015alright buddy | $0.0005769 | 2.59% | −3.00% | −46.37% | $576,900.00 | $576,900.00 | $595.64 | |||
3065 HWHYPE 3065Hyperwave HYPE | $78.62 | 0.91% | −4.41% | −19.17% | $541,959.44 | $541,959.44 | $357.49 | |||
3142 CATBAL 3142Catbal | $0.4986 | −1.40% | −17.21% | −36.55% | $498,255.38 | $498,255.38 | $2,217.00 | |||
3635 PEG 3635PEG | $0.001077 | 0.53% | −1.14% | −6.69% | $301,887.76 | $587,404.19 | $149.57 | |||
4713 CAT 4713Liquid Cat | $0.1009 | 0.01% | 0.88% | −42.34% | $116,967.41 | $116,967.41 | $12.79 | |||
4865 FLIP 4865FLIP | $0.0001041 | 1.75% | −6.97% | −25.87% | $104,100.00 | $104,100.00 | $610.39 | |||
5214 YEETI 5214YEETI 液体 | $0.00008063 | −0.30% | −0.01% | −1.54% | $80,630.00 | $80,630.00 | $10.00 | |||
5265 LQNA 5265Liquina | $0.07323 | 0.00% | −1.85% | −13.32% | $78,248.96 | $87,876.00 | $28.58 | |||
5734 TIME 5734Timeswap | $0.0001576 | −0.00% | −7.64% | −40.51% | $55,160.00 | $275,800.00 | $45.58 | |||
6991 UFART 6991Unit Fartcoin | $0.1244 | −6.67% | −16.47% | −34.79% | $22,273.55 | $22,273.55 | $71.02 | |||
7744 ORA 7744ORA Coin | $0.0003475 | 20.49% | −70.48% | −87.03% | $12,741.66 | $115,833.33 | $25.34 | |||
8546 CZ 8546CZ on Hyperliquid | $0.001538 | −2.90% | −5.58% | −35.34% | $6,818.72 | $6,818.72 | $25,053.00 | |||
11433 WSTHYPE 11433Staked HYPE Shares | $79.15 | 0.84% | −2.94% | −18.68% | -- | $172.66 M | $3,746.70 | |||
11485 USDHL 11485Hyper USD | $0.9983 | −0.02% | 0.21% | −0.14% | -- | $13.03 M | $10,106.68 | |||
11541 BEHYPE 11541Hyperbeat x Ether.fi HYPE | $78.05 | 0.84% | −3.12% | −18.19% | -- | $11.86 M | $4,295.79 |
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.