G.MARKETS
BTC$64,362.00-0.50%
GokhshteinNews
LIVE
BTC$64,362.00▼ 0.50%ETH$1,905.80▼ 0.60%USDT$0.9992▲ 0.00%BNB$589.91▼ 1.60%USDC$0.9996▲ 0.00%XRP$1.03▼ 3.20%SOL$72.58▼ 2.40%TRX$0.3267▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.13▼ 2.90%DOGE$0.0687▼ 2.20%USDS$0.9999▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$493.73▼ 4.60%ADA$0.2030▲ 7.70%XMR$366.14▲ 2.40%WBT$55.78▼ 0.50%LINK$8.22▲ 0.10%XLM$0.1608▼ 3.90%DAI$0.9998▲ 0.00%BCH$213.49▼ 0.70%USD1$0.9996▲ 0.00%USDE$0.9995▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0953▼ 9.00%LTC$45.42▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0685▼ 1.40%BTC$64,362.00▼ 0.50%ETH$1,905.80▼ 0.60%USDT$0.9992▲ 0.00%BNB$589.91▼ 1.60%USDC$0.9996▲ 0.00%XRP$1.03▼ 3.20%SOL$72.58▼ 2.40%TRX$0.3267▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.13▼ 2.90%DOGE$0.0687▼ 2.20%USDS$0.9999▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$493.73▼ 4.60%ADA$0.2030▲ 7.70%XMR$366.14▲ 2.40%WBT$55.78▼ 0.50%LINK$8.22▲ 0.10%XLM$0.1608▼ 3.90%DAI$0.9998▲ 0.00%BCH$213.49▼ 0.70%USD1$0.9996▲ 0.00%USDE$0.9995▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0953▼ 9.00%LTC$45.42▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0685▼ 1.40%
ACTIVEHyperliquidHYPE→Ethena USDeUSDE
HYPE WOULD BE$17.45
MULTIPLIER▼ 0.31x
TARGET MCAP$3.88B
G.MARKETS/PAIR ANALYSIS·Hyperliquid logoHYPE→Ethena USDe logoUSDE· LIVE· as of 19:29 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

HYPE WOULD BE
$0.00000000
currently $56.13 · target mcap $3.88B
MULTIPLIER
▼0.00x

HYPE would drop to 0.31x of its current price at USDE's valuation

COIN PROFILES·HYPE vs USDE
Hyperliquid logo
HYPEUnverified
Hyperliquid
SOURCE

Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading.

PRICE$56.13
24H CHANGE▼ 2.90%
MARKET CAP$12.49BFDV $56.13B · 78% supply locked
RANK#10
SUPPLY222.4M HYPE
DOMINANCE0.42%
7d▼ 9.28%
VS
Ethena USDe logo
USDEUnverified
Ethena USDe
TARGET

Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

PRICE$0.9995
24H CHANGE▲ 0.00%
MARKET CAP$3.88BFDV $3.88B · Fully circulating
RANK#24
SUPPLY3.9B USDE
DOMINANCE0.13%
7d▲ 0.00%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
31.1% the size
HYPE$12.49B
USDE$3.88B
THE CLIMBHyperliquid logoHYPE→Ethena USDe logoUSDEMULTIPLIER▼ 3.22xGAP$8.60B
$10.00B
Hyperliquid logo
SOURCEHYPE$12.49B
Ethena USDe logo
TARGETUSDE$3.88B
USD1 logo
USD1$3.99B
Bitcoin Cash logo
BCH$4.29B
Dai logo
DAI$4.59B
Stellar logo
XLM$5.52B
Chainlink logo
LINK$6.15B
WhiteBIT Coin logo
WBT$6.59B
Cardano logo
ADA$7.59B
Zcash logo
ZEC$8.29B
LEO Token logo
LEO$8.98B
Rain logo
RAIN$9.00B
USDS logo
USDS$9.85B
Dogecoin logo
DOGE$10.67B
log scale · mcap in USDAug 6, 2026
Hyperliquid logo
HYPEHyperliquid
$12.49BSOURCE
USD1 logo
USD1
$3.99B
Bitcoin Cash logo
BCH
$4.29B
Dai logo
DAI
$4.59B
Stellar logo
XLM
$5.52B
Chainlink logo
LINK
$6.15B
WhiteBIT Coin logo
WBT
$6.59B
Cardano logo
ADA
$7.59B
Zcash logo
ZEC
$8.29B
LEO Token logo
LEO
$8.98B
Rain logo
RAIN
$9.00B
USDS logo
USDS
$9.85B
Dogecoin logo
DOGE
$10.67B
Ethena USDe logo
USDEEthena USDe
$3.88BTARGET
mcap in USDAug 6, 2026
BAG SCENARIOS·IF HYPE HIT USDE MCAP·TARGET $17.46
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 HYPE$5,613.00$1,745.72−$3,867.28
Coffee money1K HYPE$56,130.00$17,457.22−$38,672.78
Small bag10K HYPE$561,300.00$174,572.17−$386,727.83
Real bag100K HYPE$5,613,000.00$1,745,721.72−$3,867,278.28
Whale bag1M HYPE$56,130,000.00$17,457,217.24−$38,672,782.76
Generational10M HYPE$561,300,000.00$174,572,172.41−$386,727,827.59

FOR CONTEXT

$3.88B compared to the world
NikeNKE
$130.00B
USDE mcap is 3.0% of Nike
StarbucksSBUX
$100.00B
USDE mcap is 3.9% of Starbucks
SpotifySPOT
$90.00B
USDE mcap is 4.3% of Spotify
RobloxRBLX
$30.00B
USDE mcap is 12.9% of Roblox
RedditRDDT
$25.00B
USDE mcap is 15.5% of Reddit
SnapchatSNAP
$20.00B
USDE mcap is 19.4% of Snapchat
RELATED COMPARISONS·OTHER WAYS TO ASK
Hyperliquid logoHYPE→Bitcoin logoBTCVerified by G.MARKETS
$5,805.86▲ 103x
Hyperliquid logoHYPE→Ethereum logoETHVerified by G.MARKETS
$1,033.95▲ 18.4x
Hyperliquid logoHYPE→Tether logoUSDTVerified by G.MARKETS
$824.53▲ 14.7x
Hyperliquid logoHYPE→BNB logoBNBVerified by G.MARKETS
$353.17▲ 6.29x
Hyperliquid logoHYPE→USDC logoUSDCVerified by G.MARKETS
$323.02▲ 5.75x
Hyperliquid logoHYPE→XRP logoXRPVerified by G.MARKETS
$290.47▲ 5.18x

About this comparison

This page compares the market capitalizations of Hyperliquid (HYPE) and Ethena USDe (USDE). With Hyperliquid currently at $56.13 per coin and a market cap of $12.49B, and Ethena USDe at $0.9995 with a market cap of $3.88B, applying Ethena USDe's market cap to Hyperliquid's circulating supply produces a hypothetical HYPE price of $17.46 — a 0.31x move from current.

Hyperliquid: Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading.

Ethena USDe: Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

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 USDe's market cap, what would the price be?

If Hyperliquid (HYPE) had Ethena USDe's (USDE) current market cap of $3.88B, each HYPE would be worth approximately $17.46 based on the circulating supply of 222,445,714 HYPE. That is 0.31x the current HYPE price of $56.13.

What is the current market cap of Hyperliquid?

Hyperliquid (HYPE) currently has a market cap of $12.49B, ranking #10 by market capitalization. Each HYPE trades at $56.13.

What is the current market cap of Ethena USDe?

Ethena USDe (USDE) currently has a market cap of $3.88B, ranking #24 by market capitalization. Each USDE trades at $0.9995.

How does HYPE compare to USDE?

Hyperliquid's market cap of $12.49B sits well below Ethena USDe's $3.88B. For HYPE to reach USDE's current valuation, the price would need to move 0.31x 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.