HYPE→
USDEIf had 's mcap →
#11 · HYPE
#25 · USDE
Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading.
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
HYPE→
USDEMULTIPLIER▼ 4.35xGAP$16.29B
FOR CONTEXT
$4.87B compared to the world
About this comparison
This page compares the market capitalizations of Hyperliquid (HYPE) and Ethena USDe (USDE). With Hyperliquid currently at $95.18 per coin and a market cap of $21.16B, and Ethena USDe at $0.9998 with a market cap of $4.87B, applying Ethena USDe's market cap to Hyperliquid's circulating supply produces a hypothetical HYPE price of $21.89 — a 0.23x 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 $4.87B, each HYPE would be worth approximately $21.89 based on the circulating supply of 222,445,714 HYPE. That is 0.23x the current HYPE price of $95.18.
What is the current market cap of Hyperliquid?
Hyperliquid (HYPE) currently has a market cap of $21.16B, ranking #11 by market capitalization. Each HYPE trades at $95.18.
What is the current market cap of Ethena USDe?
Ethena USDe (USDE) currently has a market cap of $4.87B, ranking #25 by market capitalization. Each USDE trades at $0.9998.
How does HYPE compare to USDE?
Hyperliquid's market cap of $21.16B sits well below Ethena USDe's $4.87B. For HYPE to reach USDE's current valuation, the price would need to move 0.23x 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.