Hyperliquid

Hyperliquid

HYPE #11
CCC 52% L1 Protocol Watch

Project Safety Score: 52%

Updated 4 minutes ago
HyperliquidHYPE
Market Cap$13158513447
24hr Volume$1414779718
24hr Change-3.8%
Price$55.12
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
66 BB
100% · medium
Developer
Health
0 F
100% · medium
Network
Security
59 B
100% · medium
Social
Behavioral
62 B
80% · low
Adoption
& Liquidity
75 BBB
100% · high

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HYPE Hyperliquid Details
Type
DEX, L1, DeFi
Launched
2024
HQ
Unknown
Team
Anonymous
Decentralized Exchange (DEX)Smart Contract PlatformExchange-based TokensDecentralized Finance (DeFi)DerivativesPerpetualsLayer 1 (L1)Proof of Stake (PoS)

Hyperliquid is a layer one blockchain designed primarily for perpetual futures and spot trading. The ecosystem features a decentralized exchange (DEX) platform, alongside functionalities for borrowing, lending, and real-world assets, all supported by a full Ethereum Virtual Machine (EVM).

The native token, HYPE, has a maximum supply of 1 billion. Hyperliquid aims to enhance the decentralized finance sector by providing a transparent and efficient infrastructure for trading and financial services.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 66 out of 100.
Hyperliquid has a solid track record with a live duration of 2.3 years. It has not experienced any regulatory actions, indicating a clean regulatory status. However, there have been two historical incidents, which moderately affect the score, along with one additional concern raised by research, suggesting that while the project has potential, caution is advised.

Economic design score 65 out of 100.
The economic design of Hyperliquid demonstrates a well-defined supply cap of 1 billion tokens. However, only 25% of the total supply is currently in circulation, which raises some concerns as indicated by the associated flag for having under 50% circulating. This restricts the asset's immediate availability and could impact liquidity.

Developer health score 0 out of 100.
Hyperliquid's developer health score is notably low, as it reflects no activity on GitHub—zero stars, forks, and commits in the last four weeks, along with no contributors. The absence of recent developer engagement raises significant concerns about the project's ongoing development and sustainability.

Network security score 57 out of 100.
With a market cap of over $10 billion, Hyperliquid exhibits a reasonable economic security score. However, the presence of two historical incidents and a medium chain age of 2.3 years contribute to the overall score. The multiple chain incidents noted indicate potential vulnerabilities that investors should be aware of.

Social behavioral score 60 out of 100.
Hyperliquid has a mixed social presence, with a Twitter account revealing a limited audience size and a Telegram group comprising 38,212 members. The sentiment is somewhat balanced, tracking at 54% positive to 46% negative. Certain risks, including a history of hacks or exploits, have been flagged, indicating that the project has faced challenges in maintaining a positive public image.

Adoption liquidity score 68 out of 100.
The liquidity and adoption score for Hyperliquid is quite robust, with a total daily volume of approximately $333 million. It benefits from being listed on 63 centralized exchanges, of which 34 are rated green-trust, adding credibility and accessibility for potential investors. This indicates a healthy trading environment and solid market activity.

Overall, while Hyperliquid has positive attributes in liquidity and track record, its developer health and history of incidents raise red flags. As with any cryptocurrency, potential investors should weigh these factors against the inherent volatility and risks associated with the crypto space.

View whitepaper ↗ (2024)
Quality: high
Max supply: 1000000000
Team allocation: 23.8%
Public: 70.2%
Treasury: 6.0%
Next unlock: 2026-11-29
  • exploit 2025-04-15
    A meme coin exploit occurred on Hyperliquid, leading to a significant loss in the platform's value.
  • money_laundering 2025-04-15
    Alleged money laundering activities by North Korean hackers were flagged on Hyperliquid, causing a drop in the platform's price.
  • Rapid growth and adoption in the DeFi space.
  • Innovative trading features with high transaction throughput and low latency.
  • Multiple chain incidents on record
  • No recent code commits
  • Less than 50% of supply is circulating
  • Limited number of validators leading to potential centralization risks.
  • Past security incidents including a meme coin exploit and alleged money laundering activities.

Price Chart - Hyperliquid

View on Chain

Hyperliquid
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71%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$62.18
All-Time Low$3.8100
Circulating238385316
Total Supply962274029

Community Sentiment

👍 71% 29% 👎

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