HYPE
Hyperliquid
HYPE ✓ VerifiedPrice
—
24h
—
Mkt cap
—
Volume
—
We read this asset as:Cash-flow lensFees accrue to token holders — read via P/F, P/S and premium.
Verdict
Fee data building
As of 2026-06-30 · latest · 30-day annualized
Premium (peer percentile · 0 explained → 100 unexplained)
Premium — building
Premium decomposition (price vs holder cash flow) needs our own on-chain fee data, which we are building. Until then we show price, supply, and on-chain identity.
4Overview
A perpetuals exchange on its own L1 (HyperBFT). Assistance Fund buybacks plus some permanent burns.
5Official links & addresses
HYPE Token ⚠️ Hyperliquid L1 native — no canonical Ethereum ERC-20 address
Assistance Fund on the Hyperliquid L1
Trust official addresses only — beware impersonator tokens
Share this asset
6Market · supply
no garnish data (not fetched)
Full data & breakdownon-chain · events · derivatives · peers · governance · risk — expand for the institutional detail
7On-chain · holders
data wiring — next increment
9Futures · derivatives
Derivatives data (open interest, funding) is N/A. Perpetual/futures feeds require a commercial market-data subscription we don't use, so we show N/A rather than an unverified number. Methodology →
10Protocol fundamentals
Cash-flow metrics do not apply under this lens.
11On-chain value ratios
Cash-flow metrics do not apply under this lens.
12Governance · development
on-chain governance — not on Snapshot
13News · narrative · timeline
2023.02launch (its own perpetuals L1)
2023.05HLP liquidity vault
2024.11.29HYPE TGE/airdrop (no vesting)
2025HyperEVM
2025.03JELLY incident
14Peer comparison
Cash-flow metrics do not apply under this lens.
15Risk · quality
AuditL1 infra + bridge reviewed twice by Zellic — no critical findings in consensus/validators/bridge. ✅
Exploit history2025.03 JELLY ~$4M vault loss — a liquidation-logic / market-design weakness (a meme-coin short squeeze). Resolved by a validator vote to delist JELLY. Not contract theft.
Centralization notes24 top-staked validators (HyperBFT) handle blocks, oracle prices and the bridge. Validators can intervene in markets (delisting) = room for censorship. The validator count is small.
16Our metrics over time
No trend metric for this lens yet.
On-chain owned coverage
Not yet computed from our own RPC. For cash-flow assets without our own fee data yet, the premium decomposition is shown as building — never a fake number.