Random word : staker
Date dernière mise à jour du cours de la crypto Hyperliquid31/05/2026 12:54:21 am
€ 57.87
+4.6 %
HYPE
Quantity
1.000
1.000 HYPE =
€ 57.87
Information on the price
Price variation (24h)
+4.6 %All-time high
€ 58.69
Trading volume (24h)
€ 543 562 296
Price variation (7d)
+13.5 %All-time low
€ 3.60
Diluted valuation
€ 55 206 917 674
Price variation (30d)
+72.7 %Circulating supply
222 445 714,074141 HYPE
Total supply
955 307 079,434141 HYPE
Price variation (200d)
+73.2 %Market capitalization
€ 12 855 072 979
Max supply
1000000000 HYPE
Trading opportunity
Suggested entry price
Suggested entry price HYPE
Recommendation
Recommendation HYPE
Hyperliquid (symbol: HYPE) is the native token of Hyperliquid, a decentralized finance protocol (DeFi) that operates on its own Layer 1 (L1) blockchain. Launched in 2022 without raising funds from external investors, the protocol has established itself as one of the world’s most widely used decentralized exchanges, thanks to the quality of its technical infrastructure.
HYPE was launched in November 2024 and quickly climbed around the top 15 global crypto market capitalizations.
November 2024 – Launch and first flight
HYPE is launched on November 29, 2024 at Hyperliquid’s genesis event, accompanied by an airdrop of 310 million tokens distributed to over 90,000 historical users of the trading platform. This is one of the most generous airdrops in DeFi’s history in terms of value redistributed, with no allocation to investment funds or institutional investors.
The token hit an all-time low of €3.60 at launch, before rising rapidly thanks to the enthusiasm of the global DeFi community.
Late 2024 – early 2025 – Rapid ascent
In just a few weeks, HYPE has become one of the world’s top 15 market capitalizations. Growth is underpinned by record volumes recorded on the Hyperliquid platform, which punctually outstrips Ethereum and Solana in daily revenues generated according to DefiLlama data.
September 2025 – All-time high
HYPE reached its all-time high of €50.20 in September 2025, driven by the expansion of the ecosystem, the deployment of HyperEVM and the launch of HIP-3, enabling the creation of decentralized markets via staking.
2026 – Consolidation and deflationary mechanisms
Since the beginning of 2026, the HyperCore buyback mechanism has been permanently destroying HYPE tokens, structurally reducing the supply in circulation. HYPE evolves within a price range linked to general crypto market conditions and ongoing protocol developments.
Past performance is no guarantee of future performance, as crypto-asset prices are particularly volatile.
Hyperliquid was founded by Jeff Yan, a former quantitative trader, accompanied by a team of profiles from elite academic and professional backgrounds – top American universities, experience in technology and market finance.
From the outset, the project chose not to accept any outside funding: no venture capital funds, no institutional investors. The project is entirely self-financed and developed in the service of its community. This is one of Hyperliquid’s most distinctive features in a sector where most projects reserve a significant proportion of their supply for private investors.
Hyperliquid has no institutional investors. This is a fundamental and deliberate feature of the project: no funds have been raised from venture capital funds or private investors. The entire initial distribution of tokens was made directly to users of the platform.
This absence of institutional investors is one of the reasons why the November 2024 airdrop was so widely welcomed by the crypto community: the value created at launch went entirely to users, and not to funds looking to resell quickly after the TGE (Token Generation Event).
Solid technical fundamentals
Hyperliquid is based on its own proprietary L1 blockchain, optimized for high-performance trading. Its HyperBFT consensus guarantees sub-second transaction finality, with no gas charges on trades. Unlike most decentralized exchanges, its order book is entirely recorded on-chain, guaranteeing total transparency on every transaction.
A business model aligned with users
Virtually all the revenues generated by the protocol are paid out in the form of HYPE token redemptions – with over 28 million HYPE tokens withdrawn from circulation by the end of 2025. This mechanism creates a mechanical deflationary pressure on supply, as trading activity on the platform increases.
An expanding ecosystem
Since the deployment of HyperEVM in 2025, new decentralized applications have been built on the Hyperliquid blockchain. The total value locked (TVL) on the protocol has reached several billion dollars, and daily volumes on derivatives markets regularly exceed one billion dollars.
Things to bear in mind before investing
Investing in crypto-assets involves risks of liquidity, volatility and total or partial capital loss. Retained crypto-assets are not covered by the deposit and securities guarantee.
€ 57.87
HYPE
Your questions Hyperliquid
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Hyperliquid (symbol: HYPE) is a cryptocurrency designed to offer enhanced liquidity and advanced functionality for crypto asset users and traders. The project aims to solve some of the cryptocurrency market’s common problems, including low liquidity, high slippage and high transaction costs. Hyperliquid uses innovative technology that enables users to benefit from more accurate orders and better execution on exchange platforms. The HYPE token can be used for various applications within its ecosystem, such as staking, governance and access to exclusive services. The aim is to create a more efficient and transparent environment, where digital assets can circulate more freely and investors have greater control over their financial transactions.
The Hyperliquid platform works by combining automated market making mechanisms with sophisticated algorithms to reduce liquidity frictions. Thanks to integrated liquidity pools, it enables users to deposit their HYPE tokens and other cryptos to facilitate trading without having to go through traditional intermediaries. The protocol is designed to minimize slippage, i.e. the difference between the expected price and the executed price during a transaction. In addition, Hyperliquid offers an incentive reward system that encourages holders to provide liquidity on an ongoing basis. This combination of tools and incentives creates a dynamic, optimized market where digital assets can be traded quickly and cost-effectively.
The HYPE token has several key use cases in the Hyperliquid ecosystem. Firstly, it serves as the primary means of participating in staking, enabling holders to earn rewards by contributing to the liquidity and stability of the network. Secondly, HYPE is used for decentralized governance: holders can vote on proposals and important decisions affecting the future development of the platform. In addition, the token can be used to access premium features and exclusive services such as advanced market analysis or innovative financial products. Finally, HYPE facilitates the reduction of transaction fees on the platform, offering savings to regular users.
Hyperliquid stands out from other cryptocurrencies for its focus on improving liquidity and user experience. Unlike conventional projects, it uses advanced technology to drastically reduce slippage and optimize order execution speed. What’s more, its incentive reward system for staking encourages active participation, which reinforces the stability and availability of liquidity. The integration of decentralized governance options ensures that the community has a key role in the platform’s evolution. Finally, Hyperliquid places a strong emphasis on transparency and security, ensuring that user funds are protected through regular audits and robust protocols. These combined advantages make Hyperliquid an attractive option for traders and investors seeking efficiency and reliability.
To buy HYPE cryptocurrency, it’s usually necessary to go through exchange platforms that list this token. This can include centralized or decentralized exchanges where HYPE is available. The first step is to create an account on a compatible platform, then deposit funds in popular cryptocurrencies such as Bitcoin, Ethereum or fiat currencies depending on the options available. You can then exchange these assets for HYPE tokens. For storage, we recommend using reliable digital wallets that support the HYPE token, such as software or hardware wallets compatible with the blockchain underlying Hyperliquid. Always prioritize security by enabling two-factor authentication and keeping your private keys in a safe place to avoid any risk of loss or hacking.
