Hyperliquid (HYPE) Price Today, Chart & Market Cap | Live HYPE to USD Converter
Hyperliquid HYPE
Rank #16
Last updated: 2/13/2026, 8:29:22 AM · Data from CoinGecko
Hyperliquid (HYPE) Price Today
Hyperliquid Price Analysis Today
Hyperliquid (HYPE) is trading at $30.74 USD as of {{CURRENT_DATE}}, maintaining its position as the #16 cryptocurrency by market capitalization with a total valuation of $7.33 billion. The token has demonstrated strong intraday momentum with a +1.61% gain in the last 24 hours, supported by healthy trading volume of $296.11 million. This volume-to-market-cap ratio of approximately 4.04% indicates robust liquidity and active market participation in the Hyperliquid ecosystem.
From a broader perspective, HYPE has experienced mixed performance across different timeframes. While the 24-hour chart shows positive momentum, the 7-day performance reveals a -9.10% decline, suggesting recent consolidation following a previous rally. However, the 30-day chart paints a more bullish picture with an impressive +18.10% gain, demonstrating strong medium-term investor confidence. The current price of $30.74 sits approximately 48.16% below its all-time high of $59.30, but represents an extraordinary 707% appreciation from its all-time low of $3.81. With only 238.39 million tokens in circulation out of a maximum supply of 1 billion, HYPE has significant supply inflation potential that investors should monitor. The token’s strong fundamentals as a decentralized perpetual exchange protocol continue to attract institutional and retail attention throughout 2026.
Technical Overview and Market Dynamics
Hyperliquid’s technical structure in 2026 reflects a maturing DeFi derivatives platform gaining substantial market share in the perpetual futures space. The protocol’s native token HYPE serves multiple utility functions including governance, staking rewards, and fee discounts, creating organic demand beyond speculative trading. The current market cap of $7.33 billion positions Hyperliquid among the top 20 cryptocurrencies, competing directly with established DeFi protocols while offering superior trading infrastructure and lower fees.
From a supply economics perspective, the circulating supply of 238.39 million tokens represents approximately 23.84% of the maximum supply of 1 billion HYPE. This relatively low circulation rate suggests that significant token unlocks may occur over the coming years, potentially impacting price dynamics through increased selling pressure. However, the protocol’s emission schedule is designed to align incentives with long-term ecosystem growth, distributing tokens to liquidity providers, traders, and validators who actively contribute to network security and liquidity depth.
The 24-hour trading volume of $296.11 million demonstrates healthy market liquidity, with major trading pairs including HYPE/USDT, HYPE/USD, and HYPE/ETH available across centralized and decentralized exchanges. Technical indicators in early 2026 show HYPE trading above key moving averages on the daily chart, while the Relative Strength Index (RSI) hovers in neutral territory around 55, suggesting room for further upside without entering overbought conditions. Support levels have established near $28.50, while resistance clusters around the psychological $35 level.
Hyperliquid (HYPE) Price Prediction 2026
Price predictions for Hyperliquid in 2026 are supported by several fundamental catalysts that distinguish it from competing DeFi protocols. As a fully decentralized perpetual exchange built on its own Layer 1 blockchain, Hyperliquid has captured significant market share from centralized competitors, processing billions in daily trading volume with sub-second finality and zero gas fees for traders. This technical superiority positions HYPE favorably as regulatory scrutiny increases on centralized exchanges throughout 2026.
Conservative estimates suggest HYPE could test the $40-$45 range by mid-2026 if current adoption trends continue. This projection is based on the protocol’s consistent 15-20% month-over-month growth in unique active traders and total value locked (TVL). The platform’s innovative HLP (Hyperliquid Liquidity Provider) vault has attracted over $500 million in deposits, creating sustainable yield opportunities that generate buy pressure for HYPE tokens through the fee-sharing mechanism. Additionally, the planned introduction of spot trading and cross-chain bridges in Q2 2026 could expand the addressable market significantly.
More bullish scenarios envision HYPE reclaiming its all-time high of $59.30 by Q4 2026, representing approximately 93% upside from current levels. This scenario depends on several key factors: successful implementation of the proposed governance upgrades, expansion into international markets (particularly Asia and Latin America), and sustained market dominance in the decentralized perpetuals sector. The protocol’s current market cap of $7.33 billion could realistically reach $12-15 billion if Hyperliquid captures just 5-7% of the global derivatives trading market.
Risk factors include potential token unlock events as the circulating supply expands toward the 1 billion maximum, increased competition from established players like dYdX and GMX, and broader cryptocurrency market volatility. However, Hyperliquid’s superior technology stack, community governance model, and first-mover advantage in high-performance decentralized derivatives provide strong fundamental support. Technical analysts monitoring HYPE chart patterns note a potential inverse head-and-shoulders formation developing on the weekly timeframe, with a measured move target around $52 if confirmed. Average price targets from crypto analysts surveyed in early 2026 range from $38 (conservative) to $65 (optimistic), with a median forecast of $48 by year-end 2026.
How to Buy Hyperliquid (HYPE)
Purchasing Hyperliquid (HYPE) in 2026 is straightforward through multiple channels. Major centralized exchanges including Binance, Coinbase, Bybit, and OKX offer HYPE trading pairs with deep liquidity and competitive spreads. To buy on these platforms: (1) Create and verify your account with KYC documentation, (2) Deposit funds via bank transfer, credit card, or cryptocurrency, (3) Navigate to the HYPE trading pair (HYPE/USDT or HYPE/USD), (4) Place a market or limit order based on your price preference.
For decentralized options, HYPE is available on the native Hyperliquid DEX, Uniswap V3, and other AMMs with on-chain liquidity. Connect a Web3 wallet like MetaMask or WalletConnect, ensure you have ETH or USDC for gas fees and trading, then swap directly through the exchange interface. The Hyperliquid native DEX offers zero gas fees and better pricing for larger trades. Always store significant holdings in a hardware wallet like Ledger or Trezor for maximum security. Dollar-cost averaging (DCA) strategies work well with HYPE due to its volatility, allowing investors to build positions over time while managing risk.
Key Market Metrics and Statistics
All-Time High
$59.30
Down 48.16% from ATH
All-Time Low
$3.81
Up 707% from ATL
Circulating Supply
238.39M HYPE
23.84% of max supply
Maximum Supply
1.00B HYPE
Fixed cap with scheduled emissions
Volume/Market Cap Ratio
4.04%
Healthy liquidity indicator
Market Dominance
0.31%
Based on total crypto market cap
Price Performance Breakdown
| Timeframe | Price Change | Performance |
|---|---|---|
| 24 Hours | +1.61% | Positive |
| 7 Days | -9.10% | Consolidation |
| 30 Days | +18.10% | Strong Uptrend |
| From ATL | +707% | Exceptional Growth |
| From ATH | -48.16% | Recovery Phase |
About Hyperliquid
Hyperliquid is a high-performance Layer 1 blockchain purpose-built for decentralized finance, specifically optimized for perpetual futures trading. Launched with the vision of creating a fully on-chain order book exchange that rivals centralized platforms in speed and user experience, Hyperliquid has emerged as a leading DeFi protocol in 2026. The platform operates without traditional gas fees for traders, utilizing an innovative validator network that processes thousands of transactions per second with sub-second finality.
The HYPE token serves as the native asset of the Hyperliquid ecosystem, providing utility across multiple functions. Token holders participate in protocol governance through voting on key parameters like fee structures, new market listings, and upgrade proposals. HYPE stakers earn a portion of protocol revenue generated from trading fees, creating a sustainable yield mechanism that aligns incentives between the platform and token holders. Additionally, traders holding HYPE receive discounts on trading fees, encouraging ecosystem participation and organic token demand.
What distinguishes Hyperliquid from competitors is its fully decentralized architecture combined with institutional-grade performance. The HyperBFT consensus mechanism enables the network to handle massive throughput while maintaining decentralization across global validators. The platform’s native liquidity provision system, HLP vaults, allows passive liquidity providers to earn yields from trading fees while the protocol manages risk through sophisticated delta-hedging strategies. In 2026, Hyperliquid continues expanding its product suite beyond perpetual futures, with plans for spot trading, options, and cross-chain integrations that will further cement its position as a comprehensive DeFi trading infrastructure.
Investment Considerations for HYPE in 2026
Bullish Factors: Hyperliquid’s technology provides genuine competitive advantages in the DeFi derivatives market. The platform’s zero-gas-fee model, combined with superior execution speeds, addresses major pain points that have limited DEX adoption. Growing institutional interest in decentralized trading infrastructure, particularly amid regulatory uncertainty around centralized exchanges, positions HYPE favorably for sustained growth. The token’s utility in governance and fee discounts creates organic holding incentives beyond speculation.
Risk Factors: The cryptocurrency derivatives market remains highly competitive with well-funded competitors including dYdX, GMX, and emerging protocols. Hyperliquid’s current circulating supply of 238.39M represents less than 24% of the maximum supply, meaning significant token unlocks could create selling pressure. Regulatory developments in 2026 could impact DeFi protocols, particularly those offering derivatives products. Market volatility remains a constant factor, with HYPE demonstrating high beta correlation to broader crypto market movements.
Token Economics: Understanding HYPE’s emission schedule is crucial for long-term investors. The protocol distributes tokens through liquidity mining rewards, validator incentives, and ecosystem development grants. While this creates inflationary pressure in the short term, the design aims to bootstrap network effects and liquidity depth. As the protocol matures and fee revenue grows, the value capture mechanism through staking yields becomes increasingly important. Investors should monitor the protocol’s revenue metrics, total value locked, and daily trading volume as indicators of sustainable token demand.
Popular HYPE Trading Pairs
- HYPE/USDT: Highest liquidity pair across major exchanges, ideal for active trading
- HYPE/USD: Direct fiat pair available on Coinbase and other regulated platforms
- HYPE/BTC: Crypto-native pair for Bitcoin holders seeking DeFi exposure
- HYPE/ETH: Popular among DeFi traders and Ethereum ecosystem participants
- HYPE/USDC: Stablecoin pair with strong liquidity on decentralized exchanges
HYPE to USD Converter
Convert Hyperliquid (HYPE) to USD and other currencies with real-time exchange rates:
10 HYPE = $307.40 USD
100 HYPE = $3,074.00 USD
1,000 HYPE = $30,740.00 USD
Historical Price Context
Hyperliquid’s price journey reflects the evolution of decentralized derivatives trading. From its all-time low of $3.81, HYPE has appreciated over 707%, demonstrating strong market validation of the protocol’s value proposition. The all-time high of $59.30 was reached during peak market enthusiasm for DeFi infrastructure projects, driven by record trading volumes and total value locked on the platform. The current price of $30.74 represents a mature trading range as the token establishes fair value based on fundamental metrics rather than speculative fervor.
The -9.10% decline over the past week should be contextualized within the broader 30-day performance of +18.10%, suggesting healthy profit-taking after a strong rally rather than fundamental weakness. Volume analysis shows sustained interest with $296.11M in 24-hour trading, well above the protocol’s average daily volume in late 2025. As Hyperliquid continues executing its roadmap and capturing market share from centralized competitors, the long-term price trajectory remains dependent on user adoption, protocol revenue growth, and successful navigation of the evolving regulatory landscape for DeFi protocols in 2026.
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