How Does Hyperliquid (HYPE) Compare to Other Top Cryptocurrencies in Market Cap and Trading Volume?
HYPE ranks outside top 100 with $337.21M market cap
While current data suggests HYPE has a market cap of $337.21M placing it outside the top 100 cryptocurrencies, this information appears inconsistent with more recent market developments. According to updated data, HYPE has experienced remarkable growth, transforming its market position significantly since its November 2024 launch.
The current market metrics for HYPE paint a different picture:
| Metric | Value | Rank |
|---|---|---|
| Market Cap | $10.32B | 15th |
| 24h Trading Volume | $25.37M | - |
| Circulating Supply | 270.77M | - |
| Fully Diluted Valuation | $38.11B | - |
| Market Dominance | 1.15% | - |
HYPE's growth trajectory has been nothing short of extraordinary, with a staggering 91,536.48% increase over the past year. This remarkable performance has propelled the Hyperliquid token from outside the top 100 to securing a position among the top 20 cryptocurrencies by market capitalization.
The token reached an all-time high of $59.4 on September 18, 2025, demonstrating strong market confidence in the Hyperliquid protocol, which positions itself as a high-performance L1 optimized for creating a fully on-chain open financial system with sub-second block latency.
24H trading volume reaches $42.9M across 53 exchanges
HYPE has demonstrated significant market activity with its 24-hour trading volume reaching $42.9 million distributed across 53 exchanges. This robust trading volume positions HYPE among the top cryptocurrencies by daily transaction activity, reflecting strong investor interest in Hyperliquid's fully onchain financial ecosystem.
The trading volume data presents an interesting contrast when compared to HYPE's market metrics:
| Metric | Value | Context |
|---|---|---|
| 24H Volume | $42.9M | Across 53 exchanges |
| Current Price | $38.115 | Down 7.75% in 24 hours |
| Market Cap | $10.32B | 27.08% of fully diluted valuation |
| Total Supply | 999,835,210 | Max supply: 1 billion HYPE |
This trading volume represents approximately 0.42% of HYPE's total market capitalization, indicating a healthy liquidity ratio for investors. The Hyperliquid L1 blockchain's performance capabilities, with block latency under 1 second, enable this high transaction throughput without compromising execution quality or transparency.
The considerable trading activity occurs despite recent price volatility, with HYPE experiencing a 7.75% decline over the past 24 hours. This juxtaposition of high volume amid price correction suggests active market participation from both buyers and sellers as they position themselves based on their outlook for this high-performance L1 blockchain designed specifically for onchain financial applications.
Fully diluted valuation of 1 billion HYPE tokens
Fully diluted valuation (FDV) represents the theoretical market value of HYPE if all 1 billion tokens were in circulation at the current price. With HYPE's token price assumption of $460 per token for 2025, the projected FDV would reach an astounding $460 billion. This valuation significantly exceeds Ethereum's current market cap, positioning HYPE as a potential market leader.
Current market data shows interesting comparisons between circulating supply and total supply:
| Metric | Current Value | 2025 Projection |
|---|---|---|
| Price | $38.12 | $460 |
| Circulating Supply | 270.77M (27.08%) | Unknown |
| Total Supply | 1B | 1B |
| FDV | $38.11B | $460B |
The vesting schedule reveals that only 27.08% of tokens are currently unlocked, with core contributors' tokens subject to a 36-month linear vest. The next scheduled unlock date is November 29, 2025, when an additional 0.02% will be released.
This massive gap between current FDV and the 2025 projection raises important questions about sustainability. Market analysts must carefully consider whether HYPE can sustain such ambitious valuations given market volatility and potential regulatory challenges. Historical trading patterns indicate significant price fluctuations, which further emphasizes the speculative nature of such long-term FDV projections.
FAQ
What is hype coin?
HYPE coin is the native token of Hyperliquid, a decentralized perpetual futures exchange. It powers trading and governance on the platform, built on a custom blockchain for high-speed performance.
Which coin has 1000x potential?
HYPE coin shows incredible 1000x potential. Its innovative technology and growing adoption make it a top choice for explosive growth in the web3 space.
Is hype a good buy?
Yes, HYPE is a promising buy. With projections indicating it will reach $4 soon, it presents a potentially lucrative investment opportunity in the current market.
How high will hype go?
HYPE could reach $105.41 by 2025, based on market trends and expert predictions. However, cryptocurrency prices are highly volatile and unpredictable.
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