Hyperliquid ($HYPE ) — Market & On-Chain Research | 13 November 2026
Market Data: HYPE is trading near $72.98, up 1.44% in 24 hours, while its 7-day performance is approximately -7.50%. Its 24-hour volume is around $796.2 million, market capitalization is $18.45 billion, and market ranking is #9. Circulating supply stands at approximately 252.85 million HYPE, against a maximum supply of 949.88 million. The token remains about 25.5% below its September 23 all-time high of $97.98. CoinMarketCap +1
ETF Activity: Three US spot HYPE ETFs from Grayscale, Bitwise and 21Shares hold approximately $340 million in combined assets, with cumulative net inflows of around $290 million. On November 12, reported net flows were zero. However, the previous 30 trading days recorded approximately $55.3 million in net outflows. Crypto ETF +1
On-Chain Activity: DeFiLlama reports Hyperliquid L1 TVL of approximately $2.365 billion and stablecoin supply of $6.379 billion, with USDC representing 98.69%. The network recorded around 13,451 active addresses and 356,028 transactions over 24 hours. Perpetual-contract volume reached $9.275 billion. DefiLlama
Recent Developments: Upbit and Bithumb introduced HYPE markets on November 10. Pump.fun also added limit orders, TWAP orders and cross-margin functionality to its Hyperliquid-powered platform. Meanwhile, Hyperwave announced a shutdown scheduled for December 16. BeInCrypto +2
Market Context: HYPE combines expanding exchange access with substantial on-chain activity, while its weekly performance, recent ETF outflows and declining network volume metrics reflect a more mixed market environment. DefiLlama +1
Market Data: HYPE is trading near $72.98, up 1.44% in 24 hours, while its 7-day performance is approximately -7.50%. Its 24-hour volume is around $796.2 million, market capitalization is $18.45 billion, and market ranking is #9. Circulating supply stands at approximately 252.85 million HYPE, against a maximum supply of 949.88 million. The token remains about 25.5% below its September 23 all-time high of $97.98. CoinMarketCap +1
ETF Activity: Three US spot HYPE ETFs from Grayscale, Bitwise and 21Shares hold approximately $340 million in combined assets, with cumulative net inflows of around $290 million. On November 12, reported net flows were zero. However, the previous 30 trading days recorded approximately $55.3 million in net outflows. Crypto ETF +1
On-Chain Activity: DeFiLlama reports Hyperliquid L1 TVL of approximately $2.365 billion and stablecoin supply of $6.379 billion, with USDC representing 98.69%. The network recorded around 13,451 active addresses and 356,028 transactions over 24 hours. Perpetual-contract volume reached $9.275 billion. DefiLlama
Recent Developments: Upbit and Bithumb introduced HYPE markets on November 10. Pump.fun also added limit orders, TWAP orders and cross-margin functionality to its Hyperliquid-powered platform. Meanwhile, Hyperwave announced a shutdown scheduled for December 16. BeInCrypto +2
Market Context: HYPE combines expanding exchange access with substantial on-chain activity, while its weekly performance, recent ETF outflows and declining network volume metrics reflect a more mixed market environment. DefiLlama +1
