G.MARKETS
BTC$64,247.00+2.17%
LIVE
BTC$64,247.00▲ 2.17%ETH$1,812.91▲ 1.91%USDT$0.9994▲ 0.03%BNB$589.06▲ 0.21%USDC$0.9999▲ 0.02%XRP$1.15▲ 0.81%SOL$82.65▲ 1.34%TRX$0.3291▲ 0.31%FIGR_HELOC$1.04▼ 0.52%HYPE$71.36▲ 0.59%DOGE$0.0775▲ 0.00%USDS$0.9997▼ 0.00%RAIN$0.0151▼ 1.02%LEO$9.41▲ 1.60%ZEC$456.06▼ 1.34%ADA$0.1852▼ 1.88%XLM$0.2019▲ 0.29%WBT$57.67▲ 1.48%XMR$324.72▼ 1.34%LINK$8.07▲ 0.60%CC$0.1384▼ 1.76%BCH$247.10▲ 0.80%GRAM$1.79▲ 0.48%LAB$15.13▼ 10.06%DAI$0.9999▲ 0.01%USD1$0.9986▼ 0.02%USDE$0.9987▲ 0.02%LTC$45.29▼ 0.72%HBAR$0.0741▼ 1.88%USDG$0.9999▼ 0.02%BTC$64,247.00▲ 2.17%ETH$1,812.91▲ 1.91%USDT$0.9994▲ 0.03%BNB$589.06▲ 0.21%USDC$0.9999▲ 0.02%XRP$1.15▲ 0.81%SOL$82.65▲ 1.34%TRX$0.3291▲ 0.31%FIGR_HELOC$1.04▼ 0.52%HYPE$71.36▲ 0.59%DOGE$0.0775▲ 0.00%USDS$0.9997▼ 0.00%RAIN$0.0151▼ 1.02%LEO$9.41▲ 1.60%ZEC$456.06▼ 1.34%ADA$0.1852▼ 1.88%XLM$0.2019▲ 0.29%WBT$57.67▲ 1.48%XMR$324.72▼ 1.34%LINK$8.07▲ 0.60%CC$0.1384▼ 1.76%BCH$247.10▲ 0.80%GRAM$1.79▲ 0.48%LAB$15.13▼ 10.06%DAI$0.9999▲ 0.01%USD1$0.9986▼ 0.02%USDE$0.9987▲ 0.02%LTC$45.29▼ 0.72%HBAR$0.0741▼ 1.88%USDG$0.9999▼ 0.02%
ACTIVEHyperliquidHYPE→EthereumETH
HYPE WOULD BE$983.60
MULTIPLIER▲ 13.8x
TARGET MCAP$218.79B
G.MARKETS/PAIR ANALYSIS·Hyperliquid logoHYPE→Ethereum logoETH· LIVE· as of 21:35 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

HYPE WOULD BE
$0.00000000
currently $71.36 · target mcap $218.79B
MULTIPLIER
▲0.00x

HYPE needs a 13.8x move to match ETH's valuation

REALITY CHECKAt HYPE's current 24h rate of +0.59%, compounding daily would take ~1.2 years to reach ETH's market cap.
COIN PROFILES·HYPE vs ETH
Hyperliquid logo
HYPEUnverified
Hyperliquid
SOURCE

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

PRICE$71.36
24H CHANGE▲ 0.59%
MARKET CAP$15.87BFDV $68.17B · 77% supply locked
RANK#10
SUPPLY222.4M HYPE
DOMINANCE0.53%
7d▲ 1.88%
VS
Ethereum logo
ETHVerified by G.MARKETS
Ethereum
TARGET

Ethereum is a global, open-source platform for decentralized applications.

PRICE$1,812.91
24H CHANGE▲ 1.91%
MARKET CAP$218.79BFDV $218.79B · Fully circulating
RANK#2
SUPPLY120.7M ETH
DOMINANCE7.29%
7d▲ 6.11%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
13.8x bigger
HYPE$15.87B
ETH$218.79B
THE CLIMBHyperliquid logoHYPE→Ethereum logoETHMULTIPLIER▲ 13.8xGAP$202.92B
$100.00B
Hyperliquid logo
SOURCEHYPE$15.87B
Ethereum logo
TARGETETH$218.79B
Figure Heloc logo
FIGR_HELOC$20.20B
TRON logo
TRX$31.22B
Solana logo
SOL$48.04B
XRP logo
XRP$71.68B
USDC logo
USDC$73.08B
BNB logo
BNB$79.40B
Tether logo
USDT$184.22B
log scale · mcap in USDJul 6, 2026
Hyperliquid logo
HYPEHyperliquid
$15.87BSOURCE
Figure Heloc logo
FIGR_HELOC
$20.20B
TRON logo
TRX
$31.22B
Solana logo
SOL
$48.04B
XRP logo
XRP
$71.68B
USDC logo
USDC
$73.08B
BNB logo
BNB
$79.40B
Tether logo
USDT
$184.22B
Ethereum logo
ETHEthereum
$218.79BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF HYPE HIT ETH MCAP·TARGET $983.56
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 HYPE$7,136.00$98,355.76+$91,219.76
Coffee money1K HYPE$71,360.00$983,557.60+$912,197.60
Small bag10K HYPE$713,600.00$9,835,575.99+$9,121,975.99
Real bag100K HYPE$7,136,000.00$98,355,759.87+$91,219,759.87
Whale bag1M HYPE$71,360,000.00$983,557,598.73+$912,197,598.73
Generational10M HYPE$713,600,000.00$9,835,575,987.28+$9,121,975,987.28

FOR CONTEXT

$218.79B compared to the world
UnitedHealthUNH
$450.00B
ETH mcap is 48.6% of UnitedHealth
NetflixNFLX
$380.00B
ETH mcap is 57.6% of Netflix
UberUBER
$160.00B
ETH mcap is 1.37× Uber
NikeNKE
$130.00B
ETH mcap is 1.68× Nike
StarbucksSBUX
$100.00B
ETH mcap is 2.19× Starbucks
SpotifySPOT
$90.00B
ETH mcap is 2.43× Spotify
RELATED COMPARISONS·OTHER WAYS TO ASK
Hyperliquid logoHYPE→Bitcoin logoBTCVerified by G.MARKETS
$5,791.68▲ 81.2x
Hyperliquid logoHYPE→Tether logoUSDTVerified by G.MARKETS
$828.15▲ 11.6x
Hyperliquid logoHYPE→BNB logoBNBVerified by G.MARKETS
$356.92▲ 5.00x
Hyperliquid logoHYPE→USDC logoUSDCVerified by G.MARKETS
$328.54▲ 4.60x
Hyperliquid logoHYPE→XRP logoXRPVerified by G.MARKETS
$322.21▲ 4.52x
Hyperliquid logoHYPE→Solana logoSOLVerified by G.MARKETS
$215.95▲ 3.03x

About this comparison

This page compares the market capitalizations of Hyperliquid (HYPE) and Ethereum (ETH). With Hyperliquid currently at $71.36 per coin and a market cap of $15.87B, and Ethereum at $1,812.91 with a market cap of $218.79B, applying Ethereum's market cap to Hyperliquid's circulating supply produces a hypothetical HYPE price of $983.56 — a 13.8x move from current.

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

Ethereum: Ethereum is a global, open-source platform for decentralized applications.

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

If Hyperliquid (HYPE) had Ethereum's (ETH) current market cap of $218.79B, each HYPE would be worth approximately $983.56 based on the circulating supply of 222,445,714 HYPE. That is 13.8x the current HYPE price of $71.36.

What is the current market cap of Hyperliquid?

Hyperliquid (HYPE) currently has a market cap of $15.87B, ranking #10 by market capitalization. Each HYPE trades at $71.36.

What is the current market cap of Ethereum?

Ethereum (ETH) currently has a market cap of $218.79B, ranking #2 by market capitalization. Each ETH trades at $1,812.91.

How does HYPE compare to ETH?

Hyperliquid's market cap of $15.87B sits well above Ethereum's $218.79B. For HYPE to reach ETH's current valuation, the price would need to move 13.8x 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.