Ask about Hypha · freeTotal Value Locked$380,701
TVL by Chain
Avalanche$380,701
Key Metrics
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Market Cap$65,277
$GGP Price$0.0065
Fully Diluted Valuation$135,891
Outstanding FDV$85,442
$GGP Volume 24h$0
CEX Volume$0
DEX Volume$36.99
Protocol Information
Hypha is the first permissionless staking protocol built for Avalanche Subnets and node operators to launch for cheaper and faster using the GGP token. Currently, we cater to node operators and liquid stakers.
Audits:
Methodology
TVL: GoGoPool TVL = AVAX on the LST side + AVAX on the Minipool side + GGP staked by GGP operators.View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Yields
Pools Tracked1
Average Supply APY0%
Competitors
Hypha history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 30, 2023 to Oct 28, 2026.
All-time high TVL: $89.66m on Dec 5, 2024. All-time low TVL: $380,656 on Oct 26, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $4.23m |
| Sep 30, 2026 | $4.48m |
| Oct 1, 2026 | $4.26m |
| Oct 2, 2026 | $528,797 |
| Oct 3, 2026 | $520,180 |
| Oct 4, 2026 | $535,788 |
| Oct 5, 2026 | $534,450 |
| Oct 6, 2026 | $537,309 |
| Oct 7, 2026 | $550,710 |
| Oct 8, 2026 | $526,412 |
| Oct 9, 2026 | $478,329 |
| Oct 10, 2026 | $487,516 |
| Oct 11, 2026 | $489,550 |
| Oct 12, 2026 | $513,137 |
| Oct 13, 2026 | $463,688 |
| Oct 14, 2026 | $483,538 |
| Oct 15, 2026 | $468,659 |
| Oct 16, 2026 | $460,973 |
| Oct 17, 2026 | $454,510 |
| Oct 18, 2026 | $445,213 |
| Oct 19, 2026 | $442,836 |
| Oct 20, 2026 | $436,914 |
| Oct 21, 2026 | $445,083 |
| Oct 22, 2026 | $445,403 |
| Oct 23, 2026 | $409,886 |
| Oct 24, 2026 | $408,028 |
| Oct 25, 2026 | $402,477 |
| Oct 26, 2026 | $380,656 |
| Oct 27, 2026 | $380,866 |
| Oct 28, 2026 | $380,700 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $76.97m |
| Dec 31, 2024 | $56.45m |
| Jan 31, 2025 | $45.84m |
| Feb 28, 2025 | $26.14m |
| Mar 31, 2025 | $21.52m |
| Apr 30, 2025 | $31.34m |
| May 31, 2025 | $28.22m |
| Jun 30, 2025 | $24.91m |
| Jul 31, 2025 | $30.22m |
| Aug 31, 2025 | $30.89m |
| Sep 30, 2025 | $36.42m |
| Oct 31, 2025 | $25.94m |
| Nov 30, 2025 | $34.05m |
| Dec 31, 2025 | $32.04m |
| Jan 31, 2026 | $27.17m |
| Feb 28, 2026 | $21.88m |
| Mar 31, 2026 | $21.17m |
| Apr 30, 2026 | $14.7m |
| May 31, 2026 | $11m |
| Jun 30, 2026 | $4.77m |
| Jul 31, 2026 | $4.57m |
| Aug 31, 2026 | $3.65m |
| Sep 30, 2026 | $4.48m |
| Oct 28, 2026 (latest) | $380,700 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $9.72m |
| Dec 31, 2024 | $56.45m |
| Dec 31, 2025 | $32.04m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hypha
Frequently asked questions
What is Hypha's TVL?
As of Oct 28, 2026, Hypha has $380,701 in total value locked. TVL has decreased 91% over the past 30 days.
What chains does Hypha operate on?
Hypha operates on Avalanche. Avalanche holds the largest share at 100%.
What is the GGP token price and valuation?
GGP is currently trading at $0.0065. Its circulating market capitalization is $65,277, ranking it #7,990. Its fully diluted valuation is $135,891. Supply currently stands at 10.07m circulating, 20.96m total supply, 22.5m maximum supply.
How has GGP performed recently?
GGP is down 24.2% over the past 7 days and down 28.5% over the past 30 days. Its all-time high is $19.66, reached on Feb 14, 2024. The token is currently 100% below that level.
How does Hypha's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, Hypha ranks #142 by TVL. The category holds $54.003b across 266 protocols, and Hypha accounts for <0.1% of that total. Similar protocols include Benqi Staked Avax, Ankr, Yield Yak Staked Avax, Geode, VaultLayer, Lido, Binance staked ETH, ether.fi Stake, JustLend sTRX, and Sanctum Validator LSTs.
How many yield pools does Hypha have?
DefiLlama tracks 1 Hypha yield pool with an average APY of 0%.