G.MARKETS
BTC$76,608.00-1.37%
LIVE
BTC$76,608.00▼ 1.37%ETH$2,111.76▼ 1.22%USDT$0.9989▼ 0.01%BNB$655.56▼ 0.20%XRP$1.35▼ 2.24%USDC$0.9997▲ 0.00%SOL$85.99▼ 1.75%TRX$0.3626▼ 0.42%FIGR_HELOC$1.03▲ 0.47%DOGE$0.1050▼ 0.87%HYPE$57.39▼ 2.65%USDS$0.9997▼ 0.00%ZEC$615.99▼ 8.50%ADA$0.2475▼ 2.06%LEO$9.92▲ 0.28%BCH$377.66▼ 0.85%XMR$383.07▼ 4.78%LINK$9.68▼ 1.14%WBT$56.57▼ 1.25%CC$0.1565▼ 2.63%TON$1.95▼ 4.95%XLM$0.1461▼ 1.44%USD1$0.9995▼ 0.04%USDE$0.9991▲ 0.00%DAI$0.9997▲ 0.01%SUI$1.08▼ 6.22%LTC$53.85▼ 0.89%AVAX$9.34▼ 1.54%HBAR$0.0891▼ 1.36%M$2.75▼ 0.67%BTC$76,608.00▼ 1.37%ETH$2,111.76▼ 1.22%USDT$0.9989▼ 0.01%BNB$655.56▼ 0.20%XRP$1.35▼ 2.24%USDC$0.9997▲ 0.00%SOL$85.99▼ 1.75%TRX$0.3626▼ 0.42%FIGR_HELOC$1.03▲ 0.47%DOGE$0.1050▼ 0.87%HYPE$57.39▼ 2.65%USDS$0.9997▼ 0.00%ZEC$615.99▼ 8.50%ADA$0.2475▼ 2.06%LEO$9.92▲ 0.28%BCH$377.66▼ 0.85%XMR$383.07▼ 4.78%LINK$9.68▼ 1.14%WBT$56.57▼ 1.25%CC$0.1565▼ 2.63%TON$1.95▼ 4.95%XLM$0.1461▼ 1.44%USD1$0.9995▼ 0.04%USDE$0.9991▲ 0.00%DAI$0.9997▲ 0.01%SUI$1.08▼ 6.22%LTC$53.85▼ 0.89%AVAX$9.34▼ 1.54%HBAR$0.0891▼ 1.36%M$2.75▼ 0.67%
ACTIVEHyperliquidHYPE→TetherUSDT
HYPE WOULD BE$794.12
MULTIPLIER▲ 13.8x
TARGET MCAP$189.65B
← G.MARKETS/COMPARE/Hyperliquid logoHYPE→Tether logoUSDT
MCAP COMPARISON · LIVE

If had 's mcap →

HYPE WOULD BE
$795.55
currently $57.39 · target mcap $189.65B
MULTIPLIER
▲13.9x

HYPE needs a 13.9x move to match USDT's valuation

COIN PROFILES

HYPE vs USDT
Hyperliquid logo
HYPEUnverified
Hyperliquid
SOURCE

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

PRICE$57.39
24H CHANGE▼ 2.65%
MARKET CAP$13.71B
RANK#11
SUPPLY238.4M HYPE
DOMINANCE0.46%
7d▼ 8.49%
VS
Tether logo
USDTUnverified
Tether
TARGET

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

PRICE$0.9989
24H CHANGE▼ 0.01%
MARKET CAP$189.65B
RANK#3
SUPPLY189.9B USDT
DOMINANCE6.32%
7d▼ 0.04%

PERFORMANCE

normalized % change

SCALE

size in proportion · area = mcap
MARKET CAParea = proportional cap
13.8x bigger
HYPE$13.71B
USDT$189.65B
THE CLIMBHyperliquid logoHYPE→Tether logoUSDTMULTIPLIER▲ 13.8xGAP$175.94B
$100.00B
Hyperliquid logo
SOURCEHYPE$13.71B
Tether logo
TARGETUSDT$189.65B
Dogecoin logo
DOGE$16.21B
Figure Heloc logo
FIGR_HELOC$18.56B
TRON logo
TRX$34.38B
Solana logo
SOL$49.80B
USDC logo
USDC$76.59B
XRP logo
XRP$83.48B
BNB logo
BNB$88.42B
log scale · mcap in USDMay 22, 2026
Hyperliquid logo
HYPEHyperliquid
$13.71BSOURCE
Dogecoin logo
DOGE
$16.21B
Figure Heloc logo
FIGR_HELOC
$18.56B
TRON logo
TRX
$34.38B
Solana logo
SOL
$49.80B
USDC logo
USDC
$76.59B
XRP logo
XRP
$83.48B
BNB logo
BNB
$88.42B
Tether logo
USDTTether
$189.65BTARGET
mcap in USDMay 22, 2026

BAG SCENARIOS

If HYPE hit USDT mcap
target: $795.55 / HYPE
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 HYPE$5,739.00$79,555.45+$73,816.45
Coffee money1K HYPE$57,390.00$795,554.48+$738,164.48
Small bag10K HYPE$573,900.00$7,955,544.84+$7,381,644.84
Real bag100K HYPE$5,739,000.00$79,555,448.36+$73,816,448.36
Whale bag1M HYPE$57,390,000.00$795,554,483.56+$738,164,483.56
Generational10M HYPE$573,900,000.00$7,955,544,835.63+$7,381,644,835.63

FOR CONTEXT

$189.65B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 42.1% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 49.9% of Netflix
UberUBER
$160.00B
USDT mcap is 1.19× Uber
NikeNKE
$130.00B
USDT mcap is 1.46× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.90× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.11× Spotify

RELATED

Other ways to ask
Hyperliquid logoHYPE→Bitcoin logoBTC
$6,441.40▲ 112x
Hyperliquid logoHYPE→Ethereum logoETH
$1,069.76▲ 18.6x
Hyperliquid logoHYPE→BNB logoBNB
$370.91▲ 6.46x
Hyperliquid logoHYPE→XRP logoXRP
$350.20▲ 6.10x
Hyperliquid logoHYPE→USDC logoUSDC
$321.30▲ 5.60x
Hyperliquid logoHYPE→Solana logoSOL
$208.90▲ 3.64x

About this comparison

This page compares the market capitalizations of Hyperliquid (HYPE) and Tether (USDT). With Hyperliquid currently at $57.39 per coin and a market cap of $13.71B, and Tether at $0.9989 with a market cap of $189.65B, applying Tether's market cap to Hyperliquid's circulating supply produces a hypothetical HYPE price of $795.55 — a 13.9x move from current.

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

Tether: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

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

If Hyperliquid (HYPE) had Tether's (USDT) current market cap of $189.65B, each HYPE would be worth approximately $795.55 based on the circulating supply of 238,385,316 HYPE. That is 13.9x the current HYPE price of $57.39.

What is the current market cap of Hyperliquid?

Hyperliquid (HYPE) currently has a market cap of $13.71B, ranking #11 by market capitalization. Each HYPE trades at $57.39.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $189.65B, ranking #3 by market capitalization. Each USDT trades at $0.9989.

How does HYPE compare to USDT?

Hyperliquid's market cap of $13.71B sits well above Tether's $189.65B. For HYPE to reach USDT's current valuation, the price would need to move 13.9x 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.