What is HyperLend (HPL)?
HyperLend is a decentralized lending protocol on Hyperliquid EVM designed to be the credit layer of Hyperliquid. It lets users and integrators supply assets to earn interest and borrow against collateral to unlock liquidity, leverage, and capital efficiency across trading and onchain finance. HyperLend is built to turn idle balances into productive credit, powering use cases like margin financing, structured strategies, treasury management, and ecosystem native liquidity for builders.
How does HyperLend work?
Over time, the goal is a unified onchain credit stack that supports permissionless DeFi and institution grade workflows on the same settlement rails - transparent, composable, and risk-parameterized credit that can scale with the Hyperliquid economy.
Where can you buy HyperLend?
HyperLend (HPL) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for HPL sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting HPL, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of HyperLend (HPL)?
The reported 24-hour trading volume of HyperLend is $11.68K. Volume is a live reading of how much HPL changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for HyperLend (HPL)?
HyperLend reached an all-time high of $0.0275 on March 18, 2026, and an all-time low of $0.008148 on March 6, 2026. It is currently trading -54.32% from its peak and +54.44% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where HPL sits in its long-run price range.
What is the market cap of HyperLend (HPL)?
HyperLend's market capitalization is currently $4.80M, and it is ranked #1732 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (381.75 million HPL are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of HyperLend (HPL)?
The fully diluted valuation (FDV) of HyperLend is $12.57M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of HyperLend compare against its peers?
Over the past 24 hours, HyperLend has moved -12.10%. Over the past seven days, the change is -12.40%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether HPL is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare HyperLend against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store HyperLend?
Like any crypto asset, the right way to store HPL depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
