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HYPE

Hyperliquid Calculators

An order-book perps exchange with its own layer 1 underneath it.

6 free HYPE calculators

Every one opens with the live HYPE price already filled in. All maths runs in your browser — no signup, nothing stored.

About Hyperliquid

Hyperliquid runs a fully on-chain central limit order book on a purpose-built layer 1, which is why it feels like a centralised venue rather than an AMM. The token launched in November 2024 through one of the largest airdrops on record, with no venture round and roughly 70% of supply earmarked for the community. Net trading fees flow into an Assistance Fund that buys HYPE back off the market, so the token's story is unusually tied to actual protocol revenue.

The perps exchange charges maker/taker fees rather than per-transaction gas, and placing or cancelling an order is free — so trading cost here is a fee-tier question, not a gas question.

HYPE moves on protocol revenue and on unlock schedules, and a large share of supply is still vesting — worth checking the unlock calendar before sizing a position.

Hyperliquid at a glance

Launched
Token November 2024; exchange live since 2023
Consensus
HyperBFT proof-of-stake, ~1-second blocks
Max supply
1,000,000,000 HYPE
Distribution
No venture round; ~70% allocated to the community
Fee use
Net trading fees buy HYPE back via the Assistance Fund
Native staking
Yes — delegate to a validator

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