# Hyperliquid L1 (HYPE): fees, revenue multiple and fair price

Source: Chainfees, https://chainfees.fyi/chain/hyperliquid/ · data through 2026-11-09 · rebuilt hourly.

Hyperliquid L1 is tracked but not ranked. Hyperliquid L1's token is valued mainly for revenue outside the chain, so its revenue multiple would say little about the chain. It earns $13.2M a year in network fees.

On Hyperliquid L1 today, sending HYPE costs about $0.00017.

| Metric | Value |
|---|---|
| Undervalued rank | not ranked |
| Type | L1 |
| Token | HYPE |
| Price | $73.84 |
| FDV | $70.3B |
| Market cap | $17.7B |
| Yearly fees (90d, annualized) | $13.2M |
| Revenue multiple (FDV/Fees) | — |
| Fair price (median revenue multiple) | — |
| Transfer fee | $0.00017 |
| Average transaction fee | — |

## FAQ

### How much does Hyperliquid L1 earn in fees?

$13.2M a year, annualized from the last 90 days of network fees (DefiLlama).

### How much does a Hyperliquid L1 transfer cost?

About $0.00017 to send HYPE right now, read live from the network every hour.

### Why isn't Hyperliquid L1 ranked?

Hyperliquid L1's token is valued mainly for revenue outside the chain, so its revenue multiple would say little about the chain.

Definitions: https://chainfees.fyi/learn/ · Methodology: https://chainfees.fyi/methodology/ · Full ranking: https://chainfees.fyi/llms-full.txt