Hyperliquid (HYPE) live price dashboard

Hyperliquid is a layer-1 built around a fully on-chain order book for perps and spot, secured by its own HyperBFT consensus. No venture investors got HYPE. At launch on November 29, 2024, 31% of supply went to users as an airdrop, and nearly all fees from Hyperliquid's own markets now flow to the Assistance Fund, which buys HYPE on the open market.

Hyperliquid was built by a small team led by Jeff Yan and funded without outside investors. The perps exchange launched in 2023, long before the token. At genesis on November 29, 2024, about 310 million HYPE, 31% of the 1 billion supply, went to roughly 94,000 wallets. Core contributors hold 23.8%, locked for a year and then released monthly.

The Assistance Fund does most of the work on the demand side. It receives nearly all fees from Hyperliquid's own markets and converts them to HYPE automatically, so buybacks rise and fall with volume. On HIP-3 markets the deployer keeps part of the fees. Staking HYPE secures the chain and lowers trading fees. Anyone who wants to launch a perp market under HIP-3, live since October 13, 2025, must keep 500,000 HYPE staked.

HyperEVM, launched in February 2025, puts smart contracts next to the order book. Deposits have long arrived as USDC through a bridge on Arbitrum. Funding is paid every hour instead of every eight, which catches out traders coming from centralized venues.

• Assistance Fund buybacks and how closely they track trading volume.
• Open interest and volume against the big centralized perp exchanges.
• New HIP-3 markets, including stock, index and commodity perps.

HYPE pays for gas on Hyperliquid (HyperEVM). The Hyperliquid (HyperEVM) page covers trending pools and network status: block height, block age, fees and how fast the RPC answers.

Hyperliquid pulse puts the HYPE price and its hourly closes for the last day next to total staked HYPE, valued at the mark, and the stake-weighted APR of active validators. The same widget carries the HLP vault's account value, APR and PnL. For the HYPE spot market, the Spot view of Hyperliquid markets adds up volume across every HYPE quote pair and shows a market cap from Hyperliquid's own circulating supply figure.

• Official sitehyperliquid.xyz
• Official documentationhyperliquid.gitbook.io

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