Total Value Locked$185.73m
TVL by Chain
Hyperliquid L1$185.73m
Key Metrics
Fees 30d$341,038
Fees 30d by chain
Hyperliquid L1$341,038
Fees 7d$74,313
Hyperliquid L1$74,313
Fees 24h$10,394
Hyperliquid L1$10,394
Cumulative Fees$6.54m
Hyperliquid L1$6.54m
Revenue 30d$34,104
Revenue 30d by chain
Hyperliquid L1$34,104
Revenue 7d$7,431
Hyperliquid L1$7,431
Revenue 24h$1,039
Hyperliquid L1$1,039
Cumulative Revenue$632,971
Hyperliquid L1$632,971
Protocol Information
The Hyperliquid liquid staking platform.
Audits:
Methodology
TVL: Tracks the total value of HYPE tokens staked through the Staked Hype liquid staking protocol. Users stake HYPE and receive stHYPE tokens that accrue rewards via rebase.View code on GitHubFees: Gross HYPE staking rewards earned by stHYPE before the protocol fee.View code on GitHubRevenue: Protocol fee charged on stHYPE rebases.View code on GitHubCompetitors
stHYPE history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 19, 2025 to Oct 27, 2026.
All-time high TVL: $544.53m on Jul 14, 2025. All-time low TVL: $1.3m on Feb 21, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $214.52m |
| Sep 29, 2026 | $203.18m |
| Sep 30, 2026 | $198.49m |
| Oct 1, 2026 | $207.64m |
| Oct 2, 2026 | $202.42m |
| Oct 3, 2026 | $204.14m |
| Oct 4, 2026 | $204.62m |
| Oct 5, 2026 | $207.34m |
| Oct 6, 2026 | $215.77m |
| Oct 7, 2026 | $210.75m |
| Oct 8, 2026 | $202.08m |
| Oct 9, 2026 | $192.72m |
| Oct 10, 2026 | $187.21m |
| Oct 11, 2026 | $189.87m |
| Oct 12, 2026 | $193.54m |
| Oct 13, 2026 | $179.57m |
| Oct 14, 2026 | $181.85m |
| Oct 15, 2026 | $179.98m |
| Oct 16, 2026 | $181.98m |
| Oct 17, 2026 | $178.04m |
| Oct 18, 2026 | $173.79m |
| Oct 19, 2026 | $175.18m |
| Oct 20, 2026 | $173.27m |
| Oct 21, 2026 | $176.89m |
| Oct 22, 2026 | $178.35m |
| Oct 23, 2026 | $171.26m |
| Oct 24, 2026 | $172.28m |
| Oct 25, 2026 | $173.38m |
| Oct 26, 2026 | $172.64m |
| Oct 27, 2026 | $181.14m |
TVL at each month end, Feb 2025 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $11.29m |
| Mar 31, 2025 | $39.14m |
| Apr 30, 2025 | $143.14m |
| May 31, 2025 | $357.03m |
| Jun 30, 2025 | $471.09m |
| Jul 31, 2025 | $340.12m |
| Aug 31, 2025 | $144.33m |
| Sep 30, 2025 | $95.07m |
| Oct 31, 2025 | $75.61m |
| Nov 30, 2025 | $62.68m |
| Dec 31, 2025 | $91.04m |
| Jan 31, 2026 | $144.79m |
| Feb 28, 2026 | $116.99m |
| Mar 31, 2026 | $141.92m |
| Apr 30, 2026 | $129.08m |
| May 31, 2026 | $210.21m |
| Jun 30, 2026 | $188.3m |
| Jul 31, 2026 | $156.48m |
| Aug 31, 2026 | $212.01m |
| Sep 30, 2026 | $198.49m |
| Oct 27, 2026 (latest) | $181.14m |
Fees and revenue by UTC calendar month, May 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| May 2025 | $450,772 | $24,298 |
| Jun 2025 | $797,843 | $79,785 |
| Jul 2025 | $872,301 | $87,231 |
| Aug 2025 | $429,564 | $42,957 |
| Sep 2025 | $233,907 | $23,388 |
| Oct 2025 | $133,937 | $13,395 |
| Nov 2025 | $96,258 | $9,626 |
| Dec 2025 | $177,626 | $17,762 |
| Jan 2026 | $244,923 | $24,494 |
| Feb 2026 | $261,947 | $26,197 |
| Mar 2026 | $325,508 | $32,549 |
| Apr 2026 | $305,106 | $30,510 |
| May 2026 | $352,610 | $35,260 |
| Jun 2026 | $399,414 | $39,944 |
| Jul 2026 | $385,507 | $38,552 |
| Aug 2026 | $369,807 | $36,983 |
| Sep 2026 | $412,333 | $41,234 |
| Oct 2026 (to date) | $298,449 | $29,845 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/sthype
Frequently asked questions
What is stHYPE's TVL?
As of Oct 27, 2026, stHYPE has $185.73m in total value locked. TVL has decreased 14.2% over the past 30 days.
What chains does stHYPE operate on?
stHYPE operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has stHYPE generated in fees and revenue?
Over the past 30 days, stHYPE generated $341,038 in fees. Of that, $34,104 was protocol revenue. Based on the trailing year, the annualized rate is $3.65m in fees and $364,836 in revenue.
How does stHYPE's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, stHYPE ranks #22 by TVL. The category holds $53.72b across 266 protocols, and stHYPE accounts for 0.3% of that total. Similar protocols include Kinetiq kHYPE, Kinetiq kmHYPE, Hyperbeat LST, Kinetiq Launch, Kintsu, SpinUp Liquid Staking, Stratium HYPE Staking, Lido, Binance staked ETH, and ether.fi Stake.