Hyperliquid HYPE
Rank #10 by market cap
Last 7 days
CM Profile: Hyperliquid
Cryptominium Profile. What we have established, measured and written about HYPE, and what we have not.
- Measured
- Selling $100,000 on 2 exchange order books lost 0.06% on each, on 8 October 2026.
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold HYPE. How each part is worked out
What changed
Week to 8 OctoberNothing we measure moved much this week: exchange depth on Kraken, trading volume, reported supply and price are all within their usual range.
From our own measurements only, each against the month before. We do not say why a price moves. How this is worked out · Every coin this week
What it actually costs to sell HYPE
Selling $100,000 of HYPE into each exchange’s resting bids, measured against the mid price:
| Exchange | Lost | Got back | Measured |
|---|---|---|---|
| Kraken HYPE/USD | 0.06% | $99,939 | 2026-10-08 median of 37 |
| Coinbase HYPE/USD | 0.06% | $99,936 | 2026-10-08 |
Exchange figures need an account there (and KYC, a permitted country, the tokens already deposited), are before trading fees, and are never averaged with the on-chain figure. Binance is not included: it refuses requests from the region our servers are in. How this is measured →
Watch this number instead of remembering it. A free account keeps HYPE on a list, records where it stood the day you added it, and emails you if selling it on these exchanges gets materially harder — one message, not a series. The measurement itself stays public; the account is for being told when it moves without you looking.
What Hyperliquid is
Hyperliquid is a decentralised exchange for perpetual futures, running on its own purpose-built blockchain. Its distinguishing technical choice is a fully on-chain central limit order book — the same order-book model centralised exchanges use, rather than the automated market makers most decentralised venues rely on, with every order and cancellation recorded on-chain.
That gives traders the execution model they are used to while keeping custody of their own funds, and it has attracted substantial derivatives volume.
Its distribution was equally unusual: no venture capital allocation, with a large share of supply distributed to actual users via airdrop. That earned genuine goodwill, though it also concentrated early supply among traders rather than long-term holders. The project is young, its volume is concentrated in perpetual futures rather than a broad ecosystem, and it competes with both centralised exchanges of vastly greater size and a crowded field of derivatives protocols. Its validator set is also small relative to established chains.
What Hyperliquid can do
Selling $100,000 on Kraken lost 0.06% against the mid price, before trading fees. Check your own amount →
Our own measurement · measured 8 October 2026
HYPE can be staked with one or more validators, which may charge a commission. A stake is locked for one day, and moving HYPE back out of staking takes 7 days. Rewards are paid daily and added to the stake.
Source: Hyperliquid docs: staking · checked 2 October 2026
Hyperliquid runs the same kind of programs as Ethereum on a part of its chain called the HyperEVM, and HYPE pays for running them. Each app is its own code with its own flaws.
Source: Hyperliquid docs: HyperEVM · checked 2 October 2026
What a coin can do is not a reason to buy it or to sell it. Each answer names its source and the day we read it; where we could not source one, the row is left out. How these are written · Every coin we have written up
Where HYPE lives
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
Compare Hyperliquid with
Hyperliquid data synced 4m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell HYPE.