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Hyperliquid
Fully on-chain perp DEX and custom L1 built by an 11-person team with zero VC funding – largest perp DEX by open interest.
Historical Data
Fee Structure
Token / Airdrop / Points
Main airdrop completed Dec 2, 2024. 42.88% of HYPE supply remains for community (4% unclaimed + 38.88% Future Emissions). HIP-3 (Oct 2025) and HIP-4 (Feb 2026) expanding ecosystem.
Nov 29, 2024HYPE Genesis (Season 1)~$1.6B at launch
310M HYPE tokens (31% of genesis supply) airdropped to early users
Distributed based on points accumulated during the closed alpha and beta. HYPE launched at ~$3.90 and surged past $30 within weeks. One of the largest airdrops in crypto history by value. Eligibility was based on trading volume, deposits, and platform usage during the points program.
Apr 16, 2024PURR Token Drop
Community cat memecoin — first native spot token on Hyperliquid
50% of PURR supply was airdropped to points holders proportional to their accumulated points. The other 50% was seeded as liquidity on HLP. PURR marked the launch of spot trading on Hyperliquid and became the de facto community token before HYPE existed.
2024Hypurr NFTs
First NFT collection native to the Hyperliquid L1
Distributed to community members by the Hyper Foundation as part of the ecosystem buildout on the Hyperliquid L1 (HyperEVM). Established the first NFT market on the chain and seeded the broader Hypurr ecosystem.
Hypurr Ecosystem
The Hypurr ecosystem is the native NFT and community layer on the Hyperliquid L1 (HyperEVM). It encompasses NFT collections, community tokens, and on-chain identity built directly on Hyperliquid's own chain.
The first NFT collection minted natively on the Hyperliquid L1. Distributed by the Hyper Foundation to early community members. These NFTs established on-chain identity within the Hyperliquid ecosystem and serve as a marker of early participation.
Hyperliquid's unofficial community mascot token — a cat-themed memecoin that was the first spot asset traded on the platform. Half of supply was airdropped to points holders; the other half seeds HLP liquidity.
Hyperliquid's EVM-compatible execution layer. Enables permissionless deployment of smart contracts, NFT marketplaces, and DeFi applications on the same chain that powers the perps order book.
Multiple third-party NFT projects and tokens have launched on HyperEVM since the Hypurr collections. The ecosystem includes marketplaces, lending protocols, and community-built tools.
Current Funding Rates(234 pairs)
| Pair | Rate (8h) | Annualized | Open Interest | 24h Volume |
|---|---|---|---|---|
| APEX-USD | +0.0652% | +71.37% | $3.73M | $570.91K |
| RESOLV-USD | +0.0154% | +16.88% | $1.53M | $222.49K |
| CASHCAT-USD | +0.0130% | +14.25% | $46.58M | $30.86M |
| MNT-USD | +0.0121% | +13.21% | $7.17M | $828.25K |
| REZ-USD | +0.0076% | +8.30% | $1.65M | $498.87K |
| BIO-USD | +0.0063% | +6.92% | $1.42M | $315.97K |
| PUMP-USD | +0.0056% | +6.10% | $223.47M | $203.09M |
| AERO-USD | +0.0054% | +5.87% | $33.45M | $7.51M |
| XLM-USD | +0.0046% | +4.99% | $20.56M | $11.05M |
| BRETT-USD | +0.0042% | +4.57% | $321.27K | $316.67K |
| PONS-USD | +0.0041% | +4.44% | $52.28M | $35.67M |
| CFX-USD | +0.0039% | +4.24% | $3.65M | $719.13K |
| GRASS-USD | +0.0038% | +4.21% | $29.06M | $12.75M |
| 2Z-USD | +0.0037% | +4.08% | $5.93M | $3.94M |
| HBAR-USD | +0.0030% | +3.30% | $18.82M | $22.79M |
| LINEA-USD | +0.0025% | +2.78% | $3.20M | $627.85K |
| GRAM-USD | +0.0023% | +2.51% | $65.85M | $26.23M |
| ALGO-USD | +0.0020% | +2.23% | $4.60M | $4.07M |
| BSV-USD | +0.0020% | +2.15% | $1.16M | $265.43K |
| NEAR-USD | +0.0019% | +2.13% | $413.16M | $328.23M |