Holdings
24H Liquidation
BTC ETF 7D net inflow
ETH ETF 7D net inflow
ETH 7D Inflation Rate
Crypto Index
According to BlockBeats, on August 10th, while Hyperliquid's trading activity continued to grow, its protocol revenue continued to decline. On July 13th, its open interest rose to slightly over $11 billion, a new high for 2026; perpetual contract trading volume over the past 30 days approached $178 billion, currently accounting for approximately 9% of global perpetual contract open interest. Meanwhile, DefiLlama data shows that its total protocol revenue has been declining since peaking at approximately $357 million in the third quarter of 2025, falling to approximately $202 million in the second quarter of 2026, a 43% decrease from its peak.
The revenue decline is related to the expansion of the HIP-3 market. Starting in October 2025, developers staking 500,000 HYPE tokens can deploy their own perpetual contract markets on the Hyperliquid order book and retain up to 50% of trading fees. At the beginning of this year, such markets accounted for only about 2% of the platform's perpetual contract trading volume, but this has now risen to about half. During the same period, Hyperliquid's cost of revenue as a percentage of total revenue also increased from less than 6% in the second quarter of 2025 to 18% a year later.
The fastest growing sector was RWA perpetual contracts. Contracts related to unlisted companies such as crude oil, gold, Nvidia, Tesla, the Nasdaq 100 index, and SpaceX saw a record $3.6 billion in open interest this month, surpassing Bitcoin to become the platform's largest market. From July 13th to 19th, tokenized stocks and commodities trading volume reached $25 billion, accounting for 52% of the total trading volume that week, exceeding crypto perpetual contracts for the first time. However, Trade.xyz accounts for over 90% of all HIP-3 open interest, making the platform highly dependent on a single deployer for new trading activity.
Approximately 97% of Hyperliquid's trading fees go into the Assistance Fund, used to buy and burn HYPE tokens on the open market, resulting in a cumulative reduction of about 44.5 million tokens in supply. However, as revenue declines, the buyback program has decreased from nearly $290 million in Q3 2025 to approximately $149 million in Q2 2026. Meanwhile, nearly 10 million HYPE tokens were unlocked to core contributors on August 6th, worth approximately $550 million at the time, and similar monthly unlocks will continue until 2027. If the revenue growth of approximately $45 million in the first four weeks of Q3 continues, total revenue for the quarter may be around $150 million, potentially marking the fourth consecutive quarter of decline.
According to BlockBeats, a new report from SemiAnalysis on August 10th indicates that after evaluating all suitable SpaceX sites and available gas-fired power generation facilities, the agency believes that SpaceX's goal of adding more than 10GW of computing power by the end of 2027 is feasible. Elon Musk previously stated at SpaceX's first earnings call that the company's "conservative" target is to build and deliver 6 to 8GW of incremental computing power in 2027 alone, with potential upside to exceed 10GW. Based on approximately $50 billion in capital expenditure per GW, this translates to $300 billion to $500 billion in capital expenditure in 2027.
SemiAnalysis believes that the high profit margins of AI inference are a significant driver of the expanding demand for computing power. Their model shows that OpenAI and Anthropic can generate over $100 billion in revenue annually per GW when providing API inference services on the GB300 cluster; based on a rental price of $3 per GPU per hour, the annual cost per GW is approximately $12 billion, with inference gross margins exceeding 60%, and some flagship models exceeding 85%.
Microsoft's computing power shortfall could translate into substantial orders for SpaceX. SemiAnalysis estimates that the $250 billion Infrastructure-as-a-Service agreement Microsoft signed with OpenAI in October 2025 corresponds to approximately 7GW of computing power, and notes that Microsoft has already signed over 10GW of binding contracts this year through leasing, self-construction, and long-term power purchase agreements. The firm believes that a 3GW computing power contract worth approximately $150 billion between Microsoft and SpaceX is "not impossible," partly because SpaceX offers a 90-day cancellation clause, thus mitigating Microsoft's financial risk.
The report also points out that SpaceX's advantage lies in its rapid construction of computing infrastructure. For example, the 300MW Colossus 1 facility was built in 122 days, and the Southaven power plant's capacity expanded from approximately 495MW to 1.7GW within months. SemiAnalysis predicts that if half of SpaceX's new computing power in 2027 is used for commercial inference, and the remainder for training the Grok and Cursor teams, the company's annual recurring revenue could reach $300 billion by the end of 2027.
Top Funding Rate
PF_YFIUSD | 0.7339%4h |
PF_HFTUSD | 0.6513%4h |
龙虾USDT | 0.5184%4h |
TUTUSDT | 0.4340%4h |
ZEC_USDT_SWAP | 0.3750%8h |
Long/Short Ratio
BTC | 0.59 | |
ETH | 0.60 | |
SOL | 0.90 | |
XRP | 0.74 | |
DOGE | 0.76 |
Global Index
ChainData
# | Name | Price | Change(24H) | Change(7D) | Market | Trading Volume/Amount | Circulating Supply | 7D Price Trend | ||
|---|---|---|---|---|---|---|---|---|---|---|
1 | BTC Bitcoin | $65196.5 | +0.23% | +2.97% | $1,308.33B | $10.33B 158.88KBTC | ![]() 95.6% | |||
2 | ETH Ethereum | $1922.21 | +0.05% | +2.82% | $231.89B | $11.34B 2.18METH | ![]() ∞ | |||
3 | USDT Tether | $1 | +0.00% | +0.00% | $182.87B | $190.78M 193.57MUSDT | ![]() ∞ | |||
4 | BNB Binance ... | $608.8 | +0.87% | +3.55% | $81.11B | $701.24M 1.16MBNB | ![]() 66.6% | |||
5 | USDC USD Coin | $1.0006 | -0.01% | -0.03% | $72.22B | $2.29B 2.29BUSDC | ![]() ∞ | |||
6 | XRP Ripple | $1.0409 | -0.13% | -3.85% | $65.06B | $890.11M 815.69MXRP | ![]() 62.5% | |||
7 | SOL Solana | $77.2 | +1.36% | +5.29% | $44.94B | $2.4B 17.64MSOL | ![]() ∞ | |||
8 | TRX TRON | $0.3298 | +0.26% | +0.75% | $31.23B | $191.91M 582.24MTRX | ![]() ∞ | |||
9 | STETH Lido Sta... | $1921.64 | +0.02% | +2.80% | $17.88B | $345,113.4 179.78STETH | ![]() ∞ | |||
10 | GDT Golden D... | $0.1519 | +1.86% | -37.18% | $15.19B | $13,101.57 86.28KGDT | ![]() 100% | |||
11 | HYPE Hyperliq... | $54.66 | -0.28% | +4.54% | $12.16B | $48.99M 894.46KHYPE | ![]() 22.2% | |||
12 | DOGE Dogecoin | $0.07049 | -0.60% | -0.16% | $10.41B | $1.21B 16.77BDOGE | ![]() ∞ | |||
13 | USDS USDS Sta... | $1.0007 | +0.04% | -0.02% | $9.86B | $1.25M 1.25MUSDS | ![]() ∞ | |||
14 | LEO UNUS SED... | $9.687 | -0.16% | -1.04% | $8.95B | $1.61M 165.55KLEO | ![]() ∞ | |||
15 | ZEC Zcash | $515.13 | +1.90% | +9.30% | $8.49B | $183.63M 360.54KZEC | ![]() 79.9% | |||
16 | WBTC Wrapped ... | $65017 | +0.00% | +2.71% | $7.57B | $5.23M 80.37WBTC | ![]() ∞ | |||
17 | ADA Cardano | $0.1981 | -1.30% | +4.81% | $7.4B | $253.28M 706.96MADA | ![]() 83% | |||
18 | XMR Monero | $391.68 | +1.97% | +7.58% | $7.35B | $114.28M 292.72KXMR | ![]() ∞ | |||
19 | WBETH Wrapped ... | $2119.75 | +0.04% | +2.92% | $7.13B | $1.33M 627.54WBETH | ![]() ∞ | |||
20 | WBT WhiteBIT... | $56.424 | +0.18% | +2.18% | $6.66B | $8.12M 144.14KWBT | ![]() 29.5% | |||
21 | LINK ChainLin... | $8.328 | -0.04% | -0.11% | $6.23B | $150.5M 18.10MLINK | ![]() 74.8% | |||
22 | XLM Stellar | $0.1621 | -1.99% | -7.02% | $5.58B | $58.04M 358.40MXLM | ![]() 68.8% | |||
23 | DAI Multi-co... | $0.9853 | +0.00% | +0.00% | $4.57B | $27,906.37 27.97KDAI | ![]() ∞ | |||
24 | BCH Bitcoin ... | $216.7 | -0.10% | +1.83% | $4.35B | $350.32M 1.06MBCH | ![]() 95.6% | |||
25 | WETH wETH | $1920.26 | +0.03% | +2.82% | $4.29B | $18.89M 9.84KWETH | ![]() ∞ | |||
26 | GRAM Gram (pr... | $1.341 | -1.55% | -5.44% | $3.69B | $25.56M 18.48MGRAM | ![]() ∞ | |||
27 | TON Toncoin | $1.67 | +0.00% | +0.00% | $3.59B | $7.09M 4.44MTON | ![]() ∞ | |||
28 | LTC Litecoin | $46.23 | +0.60% | +2.77% | $3.58B | $340.75M 4.70MLTC | ![]() 92.2% | |||
29 | USD1 World Li... | $1.0005 | +0.01% | +0.07% | $2.99B | $276.67M 276.60MUSD1 | ![]() 100% | |||
30 | HBAR Hedera | $0.06932 | +0.04% | -1.09% | $2.94B | $16.27M 236.13MHBAR | ![]() 85% | |||
31 | SUI Sui | $0.6982 | +0.56% | +1.04% | $2.85B | $376.62M 538.80MSUI | ![]() 40.7% | |||
32 | AVAX Avalanch... | $6.542 | +0.12% | -1.32% | $2.82B | $169.36M 19.67MAVAX | ![]() 60% | |||
33 | PYUSD PayPal U... | $1.0006 | +0% | -0.01% | $2.8B | $6.64M 6.64MPYUSD | ![]() ∞ | |||
34 | SHIB Shiba In... | $0.0{5}4644 | -7.12% | -6.56% | $2.74B | $110.97M 23.97TSHIB | ![]() 100% | |||
35 | XAUT Tether G... | $4338.5 | +0.21% | +7.13% | $2.66B | $38.34M 8.76KXAUT | ![]() ∞ | |||
36 | SDG ShineDog... | $2.56 | +38.37% | +16.36% | $2.56B | $29,414.88 12.93KSDG | ![]() 100% | |||
37 | UNI Uniswap | $4.06 | +1.50% | -2.64% | $2.54B | $390.5M 96.43MUNI | ![]() 62.4% | |||
38 | TAO Bittenso... | $207.4 | +4.80% | +7.46% | $2.32B | $124.87M 607.71KTAO | ![]() 53.4% | |||
39 | CRO Cronos | $0.04831 | -3.25% | -11.80% | $2.28B | $4.81B 114.04MCRO | ![]() 47.3% | |||
40 | NEAR NEAR Pro... | $1.638 | +0.24% | -3.77% | $2.14B | $607.48M 370.92MNEAR | ![]() ∞ | |||
41 | OKB OKB | $94.43 | +0.76% | +10.01% | $1.98B | $65.45M 695.42KOKB | ![]() 100% | |||
42 | PAXG PAX Gold | $4353.7 | +0.23% | +7.03% | $1.9B | $28.15M 6.46KPAXG | ![]() ∞ | |||
43 | ONDO Ondo | $0.3519 | -0.74% | -8.86% | $1.71B | $43.2M 124.71MONDO | ![]() 48.7% | |||
44 | HTX HTX DAO | $0.0{5}1799 | -10.05% | +0.71% | $1.62B | $41.5M 23.03THTX | ![]() 89.8% | |||
45 | USDD Decentra... | $0.9999 | -0.01% | +0.14% | $1.57B | $6.63M 6.63MUSDD | ![]() ∞ | |||
46 | M MemeCore | $1.1118 | -2.60% | -5.56% | $1.48B | $4.94M 4.43MM | ![]() 13.3% | |||
47 | WLFI World Li... | $0.053 | +3.15% | -4.27% | $1.44B | $21.34M 409.99MWLFI | ![]() 27.3% | |||
48 | USDF Falcon U... | $0.9961 | -0.11% | +0.01% | $1.42B | $26,966.33 27.07KUSDF | ![]() ∞ | |||
49 | AAVE Aave | $91.17 | -0.13% | -1.35% | $1.41B | $575.66M 6.31MAAVE | ![]() 96.4% | |||
50 | MNT Mantle | $0.4259 | -0.84% | +6.95% | $1.4B | $9.85M 23.14MMNT | ![]() 53.1% | |||
51 | JLP Jupiter ... | $3.6911 | +0.91% | +3.65% | $1.38B | $3,092.46 844.08JLP | ![]() ∞ | |||
52 | DOT Polkadot | $0.8071 | -1.27% | +1.12% | $1.37B | $41.67M 51.56MDOT | ![]() 80.8% | |||
53 | BFUSD BFUSD | $0.9994 | -0.02% | +0.03% | $1.32B | $1.34M 1.34MBFUSD | ![]() ∞ | |||
54 | SKY Sky Prot... | $0.0541 | -0.32% | -3.19% | $1.27B | $5.73M 105.75MSKY | ![]() 99.7% | |||
55 | MCS Money Co... | $0.2527 | +0.00% | +0.00% | $1.26B | $0 0.00MCS | ![]() 100% | |||
56 | RUBX RUBx | $0.01237 | +0.00% | +0.00% | $1.24B | $0 0.00RUBX | ![]() 100% | |||
57 | PEPE Pepe | $0.0{5}2926 | -2.47% | +0.37% | $1.23B | $240.46M 82.52TPEPE | ![]() 100% | |||
58 | ICP Internet... | $2.203 | -1.30% | +5.45% | $1.22B | $32.81M 14.96MICP | ![]() ∞ | |||
59 | BEAT Audiera | $3.682 | +29.60% | +2.42% | $1.22B | $29.62M 9.53MBEAT | ![]() 33.1% | |||
60 | U United S... | $1.0002 | +0% | -0.04% | $1.21B | $19.16M 19.16MU | ![]() ∞ | |||
61 | WLD Worldcoi... | $0.3218 | +4.82% | +2.25% | $1.15B | $502.54M 1.57BWLD | ![]() 35.8% | |||
62 | USDGO USDGO | $1.0007 | -0.01% | -0.03% | $1.14B | $2.08M 2.08MUSDGO | ![]() ∞ | |||
63 | BGB Bitget T... | $1.6236 | -1.71% | -0.70% | $1.14B | $10.99M 6.71MBGB | ![]() 35% | |||
64 | WBNB Wrapped ... | $607.6547 | +0.53% | +3.53% | $1.07B | $4.2M 6.91KWBNB | ![]() ∞ | |||
65 | PUMP Pump.fun | $0.002701 | +13.39% | +25.39% | $1.06B | $90.38M 34.82BPUMP | ![]() 39.4% | |||
66 | ETC Ethereum... | $6.495 | -0.69% | -2% | $1.02B | $50.16M 7.72METC | ![]() 74.9% | |||
67 | ASTER Aster | $0.6079 | +0.11% | +0.74% | $1.01B | $17.95M 29.69MASTER | ![]() 20.7% | |||
68 | PI Pi Netwo... | $0.08971 | -2.08% | +4.49% | $990.54M | $5.3M 58.46MPI | ![]() 11% | |||
69 | KCS KuCoin T... | $6.729 | +0.79% | +2.15% | $923.19M | $5.56M 828.00KKCS | ![]() 68.6% | |||
70 | ENA ENA | $0.0872 | -3.43% | -2.51% | $857.11M | $146.01M 1.65BENA | ![]() 65.5% | |||
71 | QNT Quant | $58.6 | -1.32% | -2.97% | $852.09M | $2.56M 43.38KQNT | ![]() 99.5% | |||
72 | JST JUST GOV | $0.1022 | +0.84% | -3.13% | $836.82M | $32.35M 314.85MJST | ![]() 82.7% | |||
73 | POL POL (ex-... | $0.07744 | +2.19% | +5.93% | $827.79M | $18M 233.30MPOL | ![]() ∞ | |||
74 | BNSOL Binance ... | $86.8 | +1.28% | +5.21% | $786.67M | $367,112.95 4.26KBNSOL | ![]() ∞ | |||
75 | ALGO Algorand | $0.08598 | -1.69% | +0.35% | $774.66M | $48.13M 77.21MALGO | ![]() 90.2% | |||
76 | JITOSOL Jito Sta... | $99.76 | +1.29% | +5.39% | $768.27M | $105,652.02 1.07KJITOSOL | ![]() ∞ | |||
77 | NEXO Nexo | $0.7364 | -3.17% | +1.96% | $736.43M | $1.28M 1.74MNEXO | ![]() 100% | |||
78 | KAS Kaspa | $0.02661 | -0.34% | -1.16% | $735.02M | $3.01M 113.28MKAS | ![]() 96.2% | |||
79 | ATOM Cosmos | $1.387 | +0.28% | +9.73% | $726.34M | $123.77M 51.47MATOM | ![]() ∞ | |||
80 | GT Gatechai... | $6.78 | +0.74% | +4.95% | $722.31M | $985,669.74 145.80KGT | ![]() 74.7% | |||
81 | RENDER Render N... | $1.328 | +0.07% | -3.07% | $688.71M | $8.3M 6.25MRENDER | ![]() 80.5% | |||
82 | GFO GoodFund... | $0.06744 | -0.27% | -3.73% | $674.5M | $16,932.15 251.03KGFO | ![]() 100% | |||
83 | STABLE Stable | $0.03249 | -2.53% | +1.97% | $664.08M | $8.69M 264.52MSTABLE | ![]() ∞ | |||
84 | LBTC Lombard ... | $63000 | +0.00% | +0.00% | $645.88M | $0 0.00LBTC | ![]() ∞ | |||
85 | LSETH Liquid S... | $2150.18 | +0.42% | +4% | $616.98M | $63.21 0.03LSETH | ![]() ∞ | |||
86 | JUP Jupiter ... | $0.1857 | +0.54% | -5.60% | $587.31M | $6.9M 37.21MJUP | ![]() ∞ | |||
87 | FIL Filecoin | $0.7087 | -1.33% | -1.64% | $579.92M | $94.88M 133.78MFIL | ![]() ∞ | |||
88 | LIT Lighter | $2.3144 | +1.95% | +14.22% | $578.49M | $27.46M 11.88MLIT | ![]() 25% | |||
89 | VVV Venice T... | $0.08872 | -13.68% | -8.86% | $561.56M | $4.05M 384.54KVVV | ![]() ∞ | |||
90 | MXN MXN | $0.05606 | -0.70% | +2.44% | $560.3M | $63,403.88 1.14MMXN | ![]() 100% | |||
91 | XDC XDC Netw... | $0.02694 | +0.59% | +2.82% | $536.98M | $4.47M 166.14MXDC | ![]() ∞ | |||
92 | FLR Flare | $0.006074 | -0.17% | -3.38% | $527M | $1.08M 178.39MFLR | ![]() ∞ | |||
93 | 币安人生 币安人生 | $0.5236 | +0.78% | -11.27% | $523.8M | $7.8M 15.01M币安人生 | ![]() 100% | |||
94 | ARB Arbitrum | $0.07847 | -0.70% | -3.08% | $519.54M | $116.12M 1.48BARB | ![]() 66.1% | |||
95 | TUSD TrueUSD | $0.9965 | +0.04% | +0.01% | $492.82M | $3.02M 3.03MTUSD | ![]() ∞ | |||
96 | CAKE PancakeS... | $1.4517 | +0.86% | +0.94% | $467.86M | $6.89M 4.77MCAKE | ![]() 80.5% | |||
97 | METH Mantle S... | $2106.08 | +1.62% | +3.26% | $456.25M | $144,476.46 68.90METH | ![]() ∞ | |||
98 | BTW Bitway | $0.2103 | +20.68% | +157.94% | $449.58M | $17.41M 92.56MBTW | ![]() 22% | |||
99 | INJ Injectiv... | $4.421 | -0.12% | -11.41% | $442.17M | $12.35M 2.80MINJ | ![]() ∞ | |||
100 | PENGU Pudgy Pe... | $0.006604 | +4.16% | +6.32% | $415.35M | $46.38M 7.14BPENGU | ![]() 70.7% |
























$7.51M
$14.23M
$2.08M




