Hyperliquid Ecosystem Analytics

Hyperliquid ecosystem overview

The Hyperliquid ecosystem currently holds $18.16B in aggregate market capitalization across 46 tracked tokens, with $485.7M in 24-hour trading volume (-1.34%). Chain tracker aggregates every token CoinGecko catalogs under Hyperliquid — native gas token, stablecoins on-chain, wrapped assets, and application tokens — into a single ecosystem-level view. This lets you size Hyperliquid by the full economic surface area rather than the native coin price alone.

Top Hyperliquid tokens right now

Ranked by market capitalization, the largest Hyperliquid ecosystem tokens are Hyperliquid (HYPE) (52.7% of ecosystem), USDT0 (USDT0) (22.4% of ecosystem), Ethena USDe (USDE) (20.9% of ecosystem). Use the live table below to sort across all 46 tracked Hyperliquid tokens by market cap, 1-hour change, 24-hour change, 7-day change, FDV, or 24-hour volume — and inspect per-token fundamentals in the detail views.

How to use the Hyperliquid chain tracker

Use chain tracker alongside the Sharpe sector tracker and narrative tracker to triangulate capital rotation: chain tracker tells you where tokens are deployed, sector tracker tells you what thesis they belong to, and narrative tracker shows which themes are attracting attention this week. For derivatives exposure, pair chain tracker with Sharpe's futures analytics on the native gas token and the funding rate table to see how leveraged positioning is shifting on Hyperliquid.

Frequently Asked Questions

What is the Hyperliquid ecosystem?

The Hyperliquid ecosystem covers every token tracked by CoinGecko as part of the Hyperliquid chain — native gas token, wrapped assets, stablecoins, and application tokens deployed on-chain. Sharpe Terminal aggregates live market data across these tokens so you can see the full economic footprint of Hyperliquid — not just the native coin's price.

What tokens have the highest market cap on Hyperliquid?

Currently the largest Hyperliquid ecosystem tokens by market cap are Hyperliquid (HYPE) (52.7% of ecosystem), USDT0 (USDT0) (22.4% of ecosystem), Ethena USDe (USDE) (20.9% of ecosystem). Rankings update every 10 minutes from CoinGecko market data.

How much capital is deployed on Hyperliquid?

Aggregate Hyperliquid ecosystem market capitalization is $18.16B with $485.7M in 24-hour trading volume (-1.34% change). These figures sum market caps of all 46 tracked Hyperliquid tokens, giving a single number for capital deployed on-chain rather than relying on the native token alone.

How often is Hyperliquid chain tracker data updated?

Chain Tracker pulls aggregate market cap, 24-hour volume, token-level prices, and chain-level performance every 10 minutes via Sharpe's automated sync. Per-token fundamentals source from CoinGecko; chain-level TVL where available overlays DeFi Llama. Last refresh timestamp is visible on the live table header.

What's the difference between Hyperliquid chain tracker and the Hyperliquid narrative page?

Chain tracker ranks every token deployed on Hyperliquid by market activity (price, volume, market cap). The narrative page (if Hyperliquid has a matching crypto-thematic narrative) groups coins by sector identity — DeFi, L1, AI, etc. — regardless of which chain they're on. Use chain tracker for ecosystem-level sizing; use narratives for thesis-level rotation.