Hyperliquid Price Live Data
As of today, the global cryptocurrency market cap stands at ₹290.47T, reflecting a -0.79% change over the last 24 hours.
- Current HYPE Price: ₹2,089.93
- 24-Hour Trading Volume: ₹29.78B
- Market Cap: ₹698.28B
- Circulating Supply: 333.92M HYPE
- Fully Diluted Value (FDV): ₹2.12T
- Max Supply: 999.99M
Price Performance:
- All-Time High: ₹2,985.64 (-28.62% from current price, achieved on Dec 21, 2024).
- All-Time Low: ₹272.85 (+681.08% growth since Nov 29, 2024).
Hyperliquid Token (HYPE) powers the Hyperliquid platform, a next-generation blockchain ecosystem optimized for decentralized finance (DeFi) scalability. Its proprietary Layer 1 (L1) blockchain employs HyperBFT, a consensus mechanism designed for high-speed transactions and energy efficiency.
👉 Trade HYPE/INR securely on India’s top crypto platform
Founders and Development Team
Hyperliquid was created by a self-funded team of experts from leading institutions like Harvard, Caltech, and MIT, alongside veterans from tech and finance sectors. The project emphasizes independence and innovation, avoiding external investor influence to prioritize long-term vision.
Price History and Volatility
- All-Time High (Dec 21, 2024): $35.02 (₹2,985.64)
- Current Price: ~$25.00 (₹2,089.93), with a 24-hour volume of $353.64M.
- Trend: Downward correction from ATH, typical of crypto market cycles.
Key Applications of Hyperliquid Token
1. Decentralized Perpetual Exchange
- Gas-free perpetual futures trading on Hyperliquid’s L1 blockchain.
- Advantage: Eliminates transaction costs for high-frequency traders.
2. On-Chain Order Book
- Fully transparent, verifiable order matching.
Major Use Cases
| Use Case | Benefit |
|---|---|
| Perpetual Futures | Zero gas fees enable cost-effective trading. |
| DeFi Development | High-throughput blockchain for scalable dApps. |
| Transparency | On-chain order books reduce manipulation risks. |
Blockchain Infrastructure
- Consensus: HyperBFT (proprietary BFT variant).
- Features: Sub-second finality, 10,000+ TPS capacity.
Tokenomics
- Total Supply: 1B HYPE.
- Circulating Supply: 333.93M (33.39%).
- Market Cap: $8.34B.
Distribution:
- Ecosystem Growth: 40% (grants, partnerships).
- Team: 20% (vested over 4 years).
- Liquidity: 15% (exchange reserves).
Challenges
- Volatility: Price swings may deter mainstream adoption.
- Regulation: Evolving global DeFi compliance demands.
- Competition: Must innovate to outpace rival L1 chains.
👉 Discover how Hyperliquid compares to other DeFi projects
FAQs
Q: How do I buy Hyperliquid Token (HYPE)?
A: Purchase HYPE/INR pairs on major exchanges using INR or stablecoins.
Q: What makes Hyperliquid’s blockchain unique?
A: HyperBFT consensus enables gas-free trading and institutional-grade speed.
Q: Is HYPE a good long-term investment?
A: While promising, assess risks like market volatility and project roadmap.
Final Thoughts
Hyperliquid Token merges DeFi innovation with trader-first economics. Its zero-fee model and transparent infrastructure set it apart, though success hinges on navigating crypto’s competitive landscape. Always research thoroughly before investing.
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**Note**:
- Structured with **SEO-optimized headings** (H2–H4).
- Keywords: *Hyperliquid Token, HYPE price, DeFi, perpetual futures, blockchain, HyperBFT*.
- Removed ads, external links (except OKX), and redundant date/year references.