HYPE→
ENAIf had 's mcap →
#11 · HYPE
#40 · ENA
Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading.
HYPE→
ENAMULTIPLIER▼ 7.60xGAP$17.72B
FOR CONTEXT
$2.68B compared to the world
About this comparison
This page compares the market capitalizations of Hyperliquid (HYPE) and Ethena (ENA). With Hyperliquid currently at $91.74 per coin and a market cap of $20.40B, and Ethena at $0.2656 with a market cap of $2.68B, applying Ethena's market cap to Hyperliquid's circulating supply produces a hypothetical HYPE price of $12.07 — a 0.13x move from current.
Hyperliquid: Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading.
All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.
Frequently asked
If Hyperliquid had Ethena's market cap, what would the price be?
If Hyperliquid (HYPE) had Ethena's (ENA) current market cap of $2.68B, each HYPE would be worth approximately $12.07 based on the circulating supply of 222,445,714 HYPE. That is 0.13x the current HYPE price of $91.74.
What is the current market cap of Hyperliquid?
Hyperliquid (HYPE) currently has a market cap of $20.40B, ranking #11 by market capitalization. Each HYPE trades at $91.74.
What is the current market cap of Ethena?
Ethena (ENA) currently has a market cap of $2.68B, ranking #40 by market capitalization. Each ENA trades at $0.2656.
How does HYPE compare to ENA?
Hyperliquid's market cap of $20.40B sits well below Ethena's $2.68B. For HYPE to reach ENA's current valuation, the price would need to move 0.13x from its current level.
Is this comparison financial advice?
No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Hyperliquid's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.