Share of all DeFi
2.1%rank #7 of 453
Hyperliquid L1 holds 2.1% of all on-chain liquidity, the #7 deepest chain. Dominance is how much of the ocean sits here.
Hyperliquid L1HYPE
$1.46Bliquidity depth-8.7% this week
depth over timepeak $2.77B
Depth
$1.46B
Protocols read
15+
Categories
10
Native token
HYPE
This chain, measured
The Almanac's instruments, read for Hyperliquid L1 alone.
Stablecoins here
$6.05Bsettlement cash on chain
$6.05B of stablecoins live on Hyperliquid L1, the spendable dollars settling here.
30-day tide
-8.8%draining
Hyperliquid L1's depth has moved -8.8% over the last month. Capital is leaving.
Cash vs depth
4.1×more cash than locked depth
Hyperliquid L1 carries $6.05B of stablecoins against $1.46B of DeFi depth, a 4.1 to 1 ratio. A settlement-heavy chain holds more cash than it locks.
Top protocol grip
100%LayerZero V2 dominates
LayerZero V2 alone holds 100% of Hyperliquid L1's liquidity. The higher this is, the more the chain rides on one venue.
Deepest protocols on Hyperliquid L1
Where the liquidity on this chain actually sits, ranked by depth.
| Protocol | Category | Depth | 7d |
|---|---|---|---|
| Bybit | CEX | $13.29B | -4.4% |
| LayerZero V2 | Bridge | $7.40B | -2.6% |
| Morpho Blue | Lending | $6.53B | -4.9% |
| Hyperliquid Bridge | Bridge | $5.65B | -3.2% |
| Centrifuge Protocol | RWA | $1.63B | +0.1% |
| Gauntlet | Risk Curators | $1.43B | -1.7% |
| Curve DEX | Dexs | $1.23B | -13.7% |
| Veda | Onchain Capital Allocator | $1.04B | -3.5% |
| Kinetiq kHYPE | Liquid Staking | $956.85M | -8.4% |
| Pendle | Yield | $941.66M | +2.2% |
| HyperLend Pooled | Lending | $432.07M | -4.9% |
| Backpack | CEX | $409.12M | -5.7% |
| Bitvavo | CEX | $347.15M | +3.4% |
| Euler V2 | Lending | $291.00M | +8.5% |
| Hyperliquid HLP | Derivatives | $272.43M | -2.1% |