Ask about HyperLend · freeTotal Value Locked$322.72m
TVL by Chain
Hyperliquid L1$322.72m
Key Metrics
Fees 30d$476,749
Fees 30d by chain
Hyperliquid L1$476,749
Fees 7d$87,881
Hyperliquid L1$87,881
Fees 24h$12,780
Hyperliquid L1$12,780
Cumulative Fees$13.95m
Hyperliquid L1$13.95m
Revenue 30d$66,434
Revenue 30d by chain
Hyperliquid L1$66,434
Revenue 7d$11,378
Hyperliquid L1$11,378
Revenue 24h$1,660
Hyperliquid L1$1,660
Cumulative Revenue$2.24m
Hyperliquid L1$2.24m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Hyperliquid L1$0
Holders Revenue 7d$0
Hyperliquid L1$0
Holders Revenue 24h$0
Hyperliquid L1$0
Cumulative Holders Revenue$0
Hyperliquid L1$0
Collateral Liquidated 30d$311,793
Collateral Liquidated 30d by chain
Hyperliquid L1$311,793
Collateral Liquidated 7d$7,218
Hyperliquid L1$7,218
Collateral Liquidated 24h$0.02
Hyperliquid L1$0.02
Cumulative Collateral Liquidated$14.23m
Hyperliquid L1$14.23m
Market Cap$3.7m
$HPL Price$0.009
Fully Diluted Valuation$9.02m
$HPL Volume 24h$9,945
CEX Volume$0
DEX Volume$9,938(99.93% of total)
Staked$1.08m(29.12% of mcap)
Active Loans$168.98m
Total Raised$1.7m
Jan 19, 2026$1.7mRound: Investors: RockawayX, No Limit Holdings, Duplicate Capital, Vistula Capital, Dewhales Capital, Nucleus
Protocol Information
HyperLend is a high-performance lending protocol on Hyperliquid EVM, built for capital efficiency. It offers real-time leverage, dynamic rates, and deep liquidity
- HyperLend PooledLending
- HyperLend IsolatedLending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Collateral Liquidated: USD value of collateral seized during protocol liquidations
Yields
Pools Tracked11
Average Supply APY2.18%
User Activity
Active Addresses (24h)247
Transactions (24h)1,564
Competitors
HyperLend history
TVL is the default DefiLlama definition, which excludes Active Loans and Staking. Daily values are UTC snapshots from Mar 22, 2025 to Oct 28, 2026.
All-time high TVL: $673.63m on Sep 12, 2025. All-time low TVL: $15,504 on Mar 23, 2025.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $398.22m |
| Sep 30, 2026 | $397.79m |
| Oct 1, 2026 | $415m |
| Oct 2, 2026 | $403.21m |
| Oct 3, 2026 | $383.5m |
| Oct 4, 2026 | $385.87m |
| Oct 5, 2026 | $392.61m |
| Oct 6, 2026 | $410.4m |
| Oct 7, 2026 | $403.53m |
| Oct 8, 2026 | $383.53m |
| Oct 9, 2026 | $360.14m |
| Oct 10, 2026 | $353.65m |
| Oct 11, 2026 | $354.11m |
| Oct 12, 2026 | $358.86m |
| Oct 13, 2026 | $327.55m |
| Oct 14, 2026 | $340.3m |
| Oct 15, 2026 | $334.77m |
| Oct 16, 2026 | $335.28m |
| Oct 17, 2026 | $327.35m |
| Oct 18, 2026 | $320.75m |
| Oct 19, 2026 | $323.68m |
| Oct 20, 2026 | $325.22m |
| Oct 21, 2026 | $322.83m |
| Oct 22, 2026 | $324.01m |
| Oct 23, 2026 | $308.07m |
| Oct 24, 2026 | $306.41m |
| Oct 25, 2026 | $305.62m |
| Oct 26, 2026 | $302.09m |
| Oct 27, 2026 | $310.37m |
| Oct 28, 2026 | $320.96m |
TVL at each month end, Mar 2025 to Oct 2026
| Date | TVL |
|---|---|
| Mar 31, 2025 | $6.76m |
| Apr 30, 2025 | $93.92m |
| May 31, 2025 | $270.87m |
| Jun 30, 2025 | $342.69m |
| Jul 31, 2025 | $428.96m |
| Aug 31, 2025 | $511.76m |
| Sep 30, 2025 | $532.34m |
| Oct 31, 2025 | $549.91m |
| Nov 30, 2025 | $377.63m |
| Dec 31, 2025 | $295.33m |
| Jan 31, 2026 | $340.34m |
| Feb 28, 2026 | $319m |
| Mar 31, 2026 | $337.29m |
| Apr 30, 2026 | $348.18m |
| May 31, 2026 | $524.81m |
| Jun 30, 2026 | $438.47m |
| Jul 31, 2026 | $407.94m |
| Aug 31, 2026 | $535.43m |
| Sep 30, 2026 | $397.79m |
| Oct 28, 2026 (latest) | $320.96m |
Fees, revenue and holders revenue by UTC calendar month, Mar 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2025 | $151 | $32 | $0 |
| Apr 2025 | $11,445 | $2,288 | $0 |
| May 2025 | $63,684 | $12,723 | $0 |
| Jun 2025 | $125,665 | $25,131 | $0 |
| Jul 2025 | $733,064 | $142,523 | $0 |
| Aug 2025 | $1.38m | $274,512 | $0 |
| Sep 2025 | $1.72m | $335,843 | $0 |
| Oct 2025 | $1.69m | $256,646 | $0 |
| Nov 2025 | $643,680 | $106,788 | $0 |
| Dec 2025 | $808,750 | $121,178 | $0 |
| Jan 2026 | $462,581 | $71,481 | $0 |
| Feb 2026 | $459,796 | $67,093 | $0 |
| Mar 2026 | $477,878 | $69,214 | $0 |
| Apr 2026 | $542,752 | $82,789 | $0 |
| May 2026 | $688,725 | $100,901 | $0 |
| Jun 2026 | $739,963 | $100,716 | $0 |
| Jul 2026 | $868,846 | $104,868 | $0 |
| Aug 2026 | $911,162 | $111,766 | $0 |
| Sep 2026 | $1.23m | $199,627 | $0 |
| Oct 2026 (to date) | $408,534 | $54,648 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperlend
Frequently asked questions
What is HyperLend's TVL?
As of Oct 28, 2026, HyperLend has $322.72m in total value locked. TVL has decreased 24.7% over the past 30 days.
What chains does HyperLend operate on?
HyperLend operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has HyperLend generated in fees and revenue?
Over the past 30 days, HyperLend generated $476,749 in fees. Of that, $66,434 was protocol revenue. Based on the trailing year, the annualized rate is $8.36m in fees and $1.22m in revenue.
What is the HPL token price and valuation?
HPL is currently trading at $0.009. Its circulating market capitalization is $3.7m, ranking it #2,337. Its fully diluted valuation is $9.02m. Supply currently stands at 410.86m circulating, 1b total supply, 1b maximum supply.
How has HPL performed recently?
HPL is down 6.5% over the past 7 days and down 32.8% over the past 30 days. Its all-time high is $0.024, reached on Aug 23, 2026. The token is currently 61.7% below that level.
How does HyperLend's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, HyperLend ranks #14 by TVL. The category holds $52.591b across 517 protocols, and HyperLend accounts for 0.6% of that total. Similar protocols include Morpho Blue, Maple, Hyperliquid Earn, Euler V2, HypurrFi Pooled, Hyperbeat USD, Teller, TermMax, Hyperdrive HL Lending, and HypurrFi Isolated.
How much has been borrowed through HyperLend?
As of Oct 28, 2026, HyperLend has $168.98m in active loans.