$HYPE (Hyperliquid) | Complete Market & On-Chain Research Update
Assuming you mean HYPE (Hyperliquid), not HPYE.
Market Overview (November 12, 2026)
* Price: $70.57
* 24-hour change: -3.4%
* 7-day change: -13.4%
* 24-hour volume: $852.03M
* Market cap: $16.90B
* Market ranking: #10
* Circulating supply: 239.41M HYPE
* Maximum supply: 1 billion HYPE
* ATH: $97.96 (September 23, 2026). Block Insider +1
ETF Activity
Hyperliquid spot ETFs recorded approximately $1.7M in net outflows on November 11. Their combined reported net assets were approximately $350M, with cumulative net inflows around $290M. Crypto ETF
On-Chain Metrics
According to DeFiLlama:
* Protocol TVL: $7.712B
* Hyperliquid L1 TVL: $2.302B
* Active addresses (24h): 15,819
* Transactions (24h): 377,510
* Stablecoin supply: approximately $6.405B, predominantly USDC. DefiLlama +2
Recent Developments
A November 11 research report highlighted an 84.6% decline in Hyperliquid's median order-book depth within five basis points over the year to November 1, raising questions about liquidity conditions. COINOTAG
Market Context
HYPE is experiencing short-term price weakness, while its ecosystem continues to maintain substantial TVL, stablecoin liquidity and network activity. Protocol TVL has declined approximately 9.9% over 30 days, indicating a changing capital environment. DefiLlama +1
Overall, HYPE currently reflects a combination of significant ecosystem activity, ETF participation and reduced short-term market liquidity. DYOR.
#Hyperliquid #DeFi #CryptoResearch #OnChainData #CryptoMarket
Assuming you mean HYPE (Hyperliquid), not HPYE.
Market Overview (November 12, 2026)
* Price: $70.57
* 24-hour change: -3.4%
* 7-day change: -13.4%
* 24-hour volume: $852.03M
* Market cap: $16.90B
* Market ranking: #10
* Circulating supply: 239.41M HYPE
* Maximum supply: 1 billion HYPE
* ATH: $97.96 (September 23, 2026). Block Insider +1
ETF Activity
Hyperliquid spot ETFs recorded approximately $1.7M in net outflows on November 11. Their combined reported net assets were approximately $350M, with cumulative net inflows around $290M. Crypto ETF
On-Chain Metrics
According to DeFiLlama:
* Protocol TVL: $7.712B
* Hyperliquid L1 TVL: $2.302B
* Active addresses (24h): 15,819
* Transactions (24h): 377,510
* Stablecoin supply: approximately $6.405B, predominantly USDC. DefiLlama +2
Recent Developments
A November 11 research report highlighted an 84.6% decline in Hyperliquid's median order-book depth within five basis points over the year to November 1, raising questions about liquidity conditions. COINOTAG
Market Context
HYPE is experiencing short-term price weakness, while its ecosystem continues to maintain substantial TVL, stablecoin liquidity and network activity. Protocol TVL has declined approximately 9.9% over 30 days, indicating a changing capital environment. DefiLlama +1
Overall, HYPE currently reflects a combination of significant ecosystem activity, ETF participation and reduced short-term market liquidity. DYOR.
#Hyperliquid #DeFi #CryptoResearch #OnChainData #CryptoMarket
