Hyperliquid Ecosystem
0.96%
−0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $66.70 | −0.18% | −1.16% | −7.93% | $16.87 B | $63.58 B | $239.89 M | |||
23 USDE 23Ethena USDe | $1.00 | −0.00% | 0.12% | 0.02% | $4.02 B | $4.02 B | $99.26 M | |||
72 PUMP 72Pump.fun | $0.001624 | −1.22% | 8.41% | 3.52% | $653.09 M | $1.38 B | $64.65 M | |||
377 PURR 377Purr | $0.08021 | −3.54% | −10.02% | −29.92% | $47.66 M | $47.66 M | $631,157.33 | |||
495 KNTQ 495Kinetiq | $0.1218 | −1.96% | −18.28% | −49.31% | $34.16 M | $121.80 M | $232,280.00 | |||
842 UETH 842Unit Ethereum | $1,921.76 | 2.48% | 10.42% | 8.67% | $15.37 M | $192.18 B | $20.22 M | |||
867 XAUT0 867Tether Gold Tokens | $4,026.10 | 0.05% | −0.80% | −6.02% | $14.43 M | $14.43 M | $689,261.00 | |||
890 HFUN 890Hypurr Fun | $13.85 | 0.95% | −4.75% | 34.53% | $13.79 M | $13.81 M | $32,357.00 | |||
947 UFART 947Unit Fartcoin | $0.1516 | 3.10% | 3.60% | 12.24% | $12.14 M | $151.60 M | $95.95 | |||
1016 USOL 1016Unit Solana | $77.08 | −0.92% | −1.00% | 3.98% | $10.74 M | $38.54 B | $6.67 M | |||
1662 USDXL 1662Last USD | $0.9868 | −0.30% | 0.20% | −2.05% | $3.16 M | $86.84 B | $1,378.09 | |||
1766 JEFF 1766Jeff | $2.69 | −0.75% | −4.54% | −10.52% | $2.69 M | $2.69 M | $2,107.75 | |||
1893 HAHYPE 1893haHYPE | $68.80 | −0.32% | −1.05% | −8.05% | $2.20 M | $2.20 M | $12.24 | |||
2105 LIQD 2105LiquidLaunch | $0.001402 | 20.09% | 2.48% | −4.39% | $1.68 M | $1.68 M | $452.67 | |||
2130 PiP 2130PiP | $2.09 | −0.94% | −10.42% | −23.73% | $1.64 M | $1.64 M | $926.44 | |||
2273 HWHYPE 2273Hyperwave HYPE | $70.67 | 1.92% | 0.84% | −5.86% | $1.37 M | $1.37 M | $57.59 | |||
2313 SOVRN 2313Sovrun | $0.00157 | −7.91% | −16.02% | −38.53% | $1.31 M | $1.41 M | $11,935.62 | |||
2537 BUDDY 2537alright buddy | $0.001024 | 15.48% | −3.50% | −21.59% | $1.02 M | $1.02 M | $1,567.88 | |||
2667 ATEHUN 2667ATEHUN | $0.9654 | −7.75% | −10.91% | −31.53% | $876,396.87 | $876,396.87 | $5,419.77 | |||
2766 CATBAL 2766Catbal | $0.7961 | −0.05% | −1.49% | −10.50% | $795,549.76 | $795,549.76 | $700.80 | |||
3214 ORA 3214ORA Coin | $0.008631 | 12.04% | 19.35% | −13.81% | $486,069.14 | $2.88 M | $393.09 | |||
3526 PEG 3526PEG | $0.001307 | 1.03% | −0.39% | −17.48% | $360,308.45 | $707,088.68 | $199.11 | |||
4504 TIME 4504Timeswap | $0.0004059 | 0.06% | 3.73% | −11.75% | $142,065.00 | $710,325.00 | $0.1429 | |||
5049 FLIP 5049FLIP | $0.00009374 | 0.06% | −1.60% | −26.84% | $93,740.00 | $93,740.00 | $22.67 | |||
5151 YEETI 5151YEETI 液体 | $0.00008691 | −0.10% | −1.77% | −3.25% | $86,910.00 | $86,910.00 | $18.61 | |||
6006 FARM 6006FARM | $0.03744 | −0.23% | −0.52% | −5.72% | $44,916.94 | $44,916.94 | $0.010108 | |||
6742 KEI 6742KEI Stablecoin | $0.8626 | 0.27% | −0.89% | −12.80% | $25,401.13 | $25,401.13 | $34.84 | |||
6752 HYENA 6752HYENA | $0.02425 | −0.07% | −23.00% | −28.53% | $25,251.06 | $25,251.06 | $26.85 | |||
7456 FLY 7456HyperFly | $0.000013 | 0.00% | 0.00% | 8.33% | $14,262.65 | $15,597.83 | $6.12 | |||
7624 H 7624H | $0.0001091 | 41.48% | 39.72% | −37.73% | $12,376.36 | $13,090.12 | $310.64 | |||
11233 WSTHYPE 11233Staked HYPE Shares | $68.69 | −0.13% | −1.10% | −7.76% | -- | $196.66 M | $139,328.00 | |||
11312 USDHL 11312Hyper USD | $1.00 | −0.01% | 0.12% | 0.38% | -- | $8.93 B | $24,062.00 | |||
11388 BEHYPE 11388Hyperbeat x Ether.fi HYPE | $67.44 | −0.49% | −1.68% | −7.93% | -- | $11.03 M | $2,371.00 | |||
11511 QONE 11511QONE | $0.005445 | 7.46% | 9.09% | 23.77% | -- | -- | $35,655.34 |
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.