Hyperliquid TVL Tops $7 Billion Across Hyperliquid L1 and Arbitrum
Combined TVL was $7.402 billion when accessed Sept. 25, while 30-day fees reached $76.13 million and protocol revenue totaled $59.33 million.
Hyperliquid’s tracked total value locked reached $7.402 billion across Hyperliquid L1 and Arbitrum, highlighting the capital held across its decentralized-finance ecosystem and related contracts.
Combined TVL was $7.402 billion when accessed Sept. 25, 2026, based on indexed on-chain balances. Hyperliquid L1 accounted for $6.82 billion, while Arbitrum represented $581.55 million.
The same measurement showed $76.13 million in fees and $59.33 million in protocol revenue over the previous 30 days. A separate measurement recorded $7.121 billion in TVL and $64.34 million in 30-day revenue, reflecting a different observation time rather than the same snapshot.
TVL measures capital held in protocols and contracts. It differs from trading volume, revenue, market capitalization and user count, so comparisons require consistent timestamps and methodology.
Hyperliquid operates a decentralized perpetual-futures exchange and a Layer 1 network. Its ecosystem includes spot markets, protocol vaults, stablecoin activity and builder-deployed markets.
The Hyperliquidity Provider is a community-owned vault that supplies liquidity, performs liquidations and receives part of trading fees. HIP-3 markets represented approximately 30% of total trading volume over the preceding 30 days as of Sept. 8 and had generated more than $548.1 billion in cumulative volume since launch.
Approximately 235.2 million HYPE tokens were in circulation as of Sept. 8, out of a total supply of 1 billion tokens.
About $945 million accrued to the Hyperliquid ecosystem during the 12 months ended June 30, including fees from several product areas. Hyperliquid Strategies Inc. CEO David Schamis said, “We are building against a protocol that is winning the parts of onchain finance that generate real fees.”
The TVL figure measures capital tracked across Hyperliquid’s networks and does not establish future HYPE performance or institutional adoption.
