Hyperliquid (HYPE) — Price, About & FAQ
Hyperliquid (HYPE) — Hyperliquid (HYPE) is the native token of the Hyperliquid Layer 1 blockchain, purpose-built from the ground up to run a fully on-chain central li...
About Hyperliquid (HYPE)
- Category: Layer 1
- Launch Year: 2024
- Consensus: HyperBFT Proof of Stake
- Supply Model: 1,000,000,000 HYPE
- Network: On-Chain CLOB Perp L1
Hyperliquid (HYPE) is the native token of the Hyperliquid Layer 1 blockchain, purpose-built from the ground up to run a fully on-chain central limit order book (CLOB) perpetual futures and spot exchange with sub-second latency and zero gas fees for order placement.
Powered by custom HyperBFT consensus and HyperEVM smart-contract compatibility, the protocol directs a large share of trading fee revenue toward programmatic open-market HYPE buybacks via the Assistance Fund.
As both an on-chain venue tracked on TraderMap and a fast-growing perpetual contract itself, HYPE attracts heavy whale wallet concentration, high leverage tiers, and transparent on-chain position tracking.
Combine TraderMap Hyperliquid Whale Wallet tracking with funding APR checks to spot concentrated whale entries and liquidation walls.
Frequently Asked Questions
What is Hyperliquid (HYPE) and how does its network work?
Hyperliquid (HYPE) is the native token of the Hyperliquid Layer 1 blockchain, purpose-built from the ground up to run a fully on-chain central limit order book (CLOB) perpetual futures and spot exchange with sub-second latency and zero gas fees for order placement. Launched in 2024, HYPE operates in the Layer 1 crypto sector.
What is Hyperliquid (HYPE) max supply and consensus mechanism?
Hyperliquid relies on HyperBFT Proof of Stake consensus with a supply profile defined by 1,000,000,000 HYPE. Powered by custom HyperBFT consensus and HyperEVM smart-contract compatibility, the protocol directs a large share of trading fee revenue toward programmatic open-market HYPE buybacks via the Assistance Fund.
What is the live HYPE price and market capitalization today?
According to live exchange feeds on TraderMap, Hyperliquid (HYPE) trades around live market price. Use the built-in converters to check HYPE to USD, EUR, or GBP rates instantly.
How do traders analyze HYPE liquidations and perpetual funding rates?
Combine TraderMap Hyperliquid Whale Wallet tracking with funding APR checks to spot concentrated whale entries and liquidation walls. On TraderMap, you can inspect 5x–100x leverage clusters, Open Interest changes, and whale prints for HYPE.
What are the core utility and ecosystem use cases of HYPE?
Primary demand drivers for HYPE include Gas-Free On-Chain Perps, HyperEVM DeFi Apps, Assistance Fund Buybacks. Traders also benchmark HYPE momentum against DYDX, SOL, SUI, JUP.