Hyperliquid Ecosystem
0.92%
−0.02%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $80.42 | 3.93% | 37.09% | 39.61% | $20.26 B | $76.58 B | $406.32 M | |||
21 USDE 21Ethena USDe | $1.00 | 0.00% | −0.01% | −0.02% | $4.08 B | $4.08 B | $50.86 M | |||
42 PUMP 42Pump.fun | $0.004449 | −3.99% | 57.46% | 151.39% | $1.73 B | $3.74 B | $193.74 M | |||
262 PURR 262Purr | $0.1299 | −6.28% | 78.28% | 104.62% | $77.34 M | $78.29 M | $8.52 M | |||
327 KNTQ 327Kinetiq | $0.2084 | −8.14% | 62.60% | 91.96% | $58.45 M | $208.40 M | $5.76 M | |||
379 UZEC 379Unit Zcash | $780.78 | −4.03% | 54.03% | 62.02% | $48.07 M | $48.07 M | $18.26 M | |||
809 UETH 809Unit Ethereum | $2,468.90 | 0.11% | 29.30% | 31.31% | $18.20 M | $18.20 M | $27.82 M | |||
824 HFUN 824Hypurr Fun | $17.60 | 2.03% | 19.58% | −1.95% | $17.53 M | $17.55 M | $85,468.00 | |||
1366 LSTHYPE 1366Hyperbeat LST Vault | $83.59 | 3.79% | 48.84% | 36.94% | $6.36 M | $6.36 M | $734.37 | |||
1646 JEFF 1646Jeff | $4.05 | −12.84% | 159.23% | 72.97% | $4.05 M | $4.05 M | $128,792.81 | |||
1800 USDXL 1800Last USD | $0.9903 | −0.39% | 0.11% | 0.57% | $3.17 M | $87.15 B | $1,972.09 | |||
1804 PiP 1804PiP | $4.01 | 3.40% | 139.76% | 110.95% | $3.15 M | $3.15 M | $9,790.56 | |||
1906 LIQD 1906LiquidLaunch | $0.002244 | −23.47% | 132.20% | 82.21% | $2.69 M | $2.69 M | $3,405.69 | |||
2063 HAHYPE 2063haHYPE | $81.83 | 3.94% | 40.36% | 37.35% | $2.16 M | $2.16 M | $9.59 | |||
2137 BUDDY 2137alright buddy | $0.001972 | 11.48% | 213.80% | 181.33% | $1.97 M | $1.97 M | $9,171.39 | |||
2220 USOL 2220Unit Solana | $97.88 | 1.90% | 27.83% | 31.39% | $1.76 M | $1.76 M | $11.72 M | |||
2297 HWHYPE 2297Hyperwave HYPE | $83.74 | 3.09% | 36.07% | 41.38% | $1.58 M | $1.58 M | $23.45 | |||
2306 ATEHUN 2306ATEHUN | $1.72 | 4.00% | 62.40% | 91.16% | $1.57 M | $1.57 M | $30,114.03 | |||
2755 CATBAL 2755Catbal | $0.9185 | 1.87% | 26.96% | 26.54% | $917,865.16 | $917,865.16 | $8,264.15 | |||
2762 SOVRN 2762Sovrun | $0.00109 | 0.12% | 18.52% | −4.66% | $911,475.45 | $977,481.00 | $5,407.79 | |||
3738 PEG 3738PEG | $0.001223 | 0.18% | 0.77% | −2.40% | $339,622.43 | $663,894.08 | $490.30 | |||
4142 CAT 4142Liquid Cat | $0.208 | 26.78% | 521.50% | 771.40% | $241,122.12 | $241,122.12 | $1,224.91 | |||
4297 ORA 4297ORA Coin | $0.005832 | −17.06% | 4.87% | −34.67% | $213,839.99 | $1.94 M | $240.46 | |||
4482 LAUNCH 4482Hyperlauncher | $0.003682 | 0.00% | 20.46% | 10.19% | $186,317.19 | $186,317.19 | $338.55 | |||
5007 FLIP 5007FLIP | $0.0001265 | 1.26% | 55.63% | 57.88% | $126,500.00 | $126,500.00 | $934.00 | |||
5024 LQNA 5024Liquina | $0.1172 | 11.62% | 42.90% | 47.62% | $125,232.53 | $140,640.00 | $1,583.79 | |||
5144 AUTIST 5144Autist | $0.2027 | 20.50% | 231.63% | 350.16% | $114,545.79 | $114,545.79 | $1,696.58 | |||
5630 YEETI 5630YEETI 液体 | $0.00008181 | −2.03% | 4.53% | −6.72% | $81,810.00 | $81,810.00 | $243.11 | |||
6135 $RUG 6135RUGMAN | $0.0005623 | 3.10% | 18.25% | −0.05% | $56,229.99 | $56,229.99 | $80.28 | |||
6459 UFART 6459Unit Fartcoin | $0.1851 | 5.73% | 32.62% | 48.66% | $45,600.89 | $45,600.89 | $27.16 | |||
6475 VEGAS 6475Vegas | $0.004527 | 7.83% | 37.15% | 10.94% | $45,053.22 | $45,053.22 | $79.67 | |||
6498 FARM 6498FARM | $0.03684 | 5.60% | 8.37% | −2.76% | $44,197.12 | $44,197.13 | $63.60 | |||
6875 HYENA 6875HYENA | $0.03272 | 0.36% | 140.81% | 44.79% | $34,070.71 | $34,070.71 | $4.07 | |||
7251 H 7251H | $0.0002349 | 0.43% | 421.86% | 342.94% | $26,647.19 | $28,183.95 | $4.74 | |||
8704 FLY 8704HyperFly | $0.000009 | −50.00% | 0.11% | 12.50% | $9,874.14 | $10,798.50 | $0.0₆8998 | |||
9171 HWTR 9171HedgewaterDAO | $0.0000666 | 2.44% | −2.06% | −2.99% | $7,139.64 | $7,432.64 | $11.20 | |||
10229 KEI 10229KEI Stablecoin | $0.0007976 | −99.61% | −99.89% | −99.90% | $221.06 | $256.59 | $92.61 | |||
12415 WSTHYPE 12415Staked HYPE Shares | $83.01 | 3.70% | 36.08% | 39.59% | -- | $222.11 M | $3,163.78 | |||
12484 USDHL 12484Hyper USD | $0.993 | 0.51% | 0.65% | −0.02% | -- | $12.96 M | $8,772.80 | |||
12548 BEHYPE 12548Hyperbeat x Ether.fi HYPE | $81.41 | 4.16% | 37.93% | 40.00% | -- | $14.17 M | $6,517.31 | |||
12644 QONE 12644QONE | $0.004924 | 2.10% | −4.33% | −1.61% | -- | -- | $38,643.76 |
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.