Where every HYPE token sits today — the live buyback-and-burn, the full supply breakdown and the forward unlock schedule.
Regulated spot & leveraged HYPE funds — HYPE held by issuers (curated), AUM marked to the live price and reported daily flows.
HyperEVM — HYPE is the gas token of Hyperliquid's general-purpose chain.
HYPE is the native token of Hyperliquid, a high-performance layer-1 blockchain purpose-built for an on-chain perpetuals and spot order-book exchange. The token underpins the network: it is used to pay for activity on HyperEVM, can be staked to help secure the chain, and aligns the community around the protocol's growth.
Trading on Hyperliquid runs through a fully on-chain central limit order book with sub-second finality, giving traders a CEX-like experience with self-custody. Protocol revenue and the HLP vault feed back into the ecosystem rather than to external market makers.
Read the Hyperliquid docs