Hyperliquid Soars to $5.903 Billion TVL, Dominating Perp DEX Category

Hyperliquid's parent-protocol total value locked (TVL) has reached $5.903 billion as of June 24, 2026, with a significant portion held on the L1 chain ($5.537 billion) and the Arbitrum bridge ($366.4 million).

The protocol dominates the perp DEX category, capturing 36.47% of its $672.49 billion trailing 30-day volume, with Aster being the next-largest competitor at $61.42 billion.

Hyperliquid's open interest has reached $9.019 billion, accounting for 59.67% of all perp DEX open interest ($15.115 billion). The HYPE token has a market capitalization of $13.446 billion and trades at $60.44.