G.MARKETS
BTC$64,210.00+2.11%
LIVE
BTC$64,210.00▲ 2.11%ETH$1,811.15▲ 1.76%USDT$0.9994▲ 0.03%BNB$588.86▲ 0.04%USDC$0.9999▲ 0.02%XRP$1.15▲ 0.82%SOL$82.61▲ 1.30%TRX$0.3291▲ 0.31%FIGR_HELOC$1.04▼ 0.52%HYPE$71.35▲ 0.57%DOGE$0.0775▲ 0.00%USDS$0.9998▼ 0.00%RAIN$0.0151▼ 1.15%LEO$9.41▲ 1.66%ZEC$456.46▼ 1.26%ADA$0.1849▼ 2.03%XLM$0.2019▲ 0.26%WBT$57.67▲ 1.48%XMR$324.63▼ 1.36%LINK$8.07▲ 0.60%CC$0.1384▼ 1.72%BCH$247.20▲ 0.84%GRAM$1.79▲ 0.51%LAB$14.91▼ 11.34%DAI$0.9998▲ 0.00%USD1$0.9987▼ 0.01%USDE$0.9988▲ 0.02%LTC$45.28▼ 0.75%HBAR$0.0741▼ 1.84%USDG$0.9998▼ 0.02%BTC$64,210.00▲ 2.11%ETH$1,811.15▲ 1.76%USDT$0.9994▲ 0.03%BNB$588.86▲ 0.04%USDC$0.9999▲ 0.02%XRP$1.15▲ 0.82%SOL$82.61▲ 1.30%TRX$0.3291▲ 0.31%FIGR_HELOC$1.04▼ 0.52%HYPE$71.35▲ 0.57%DOGE$0.0775▲ 0.00%USDS$0.9998▼ 0.00%RAIN$0.0151▼ 1.15%LEO$9.41▲ 1.66%ZEC$456.46▼ 1.26%ADA$0.1849▼ 2.03%XLM$0.2019▲ 0.26%WBT$57.67▲ 1.48%XMR$324.63▼ 1.36%LINK$8.07▲ 0.60%CC$0.1384▼ 1.72%BCH$247.20▲ 0.84%GRAM$1.79▲ 0.51%LAB$14.91▼ 11.34%DAI$0.9998▲ 0.00%USD1$0.9987▼ 0.01%USDE$0.9988▲ 0.02%LTC$45.28▼ 0.75%HBAR$0.0741▼ 1.84%USDG$0.9998▼ 0.02%
ACTIVEHyperliquidHYPE→TetherUSDT
HYPE WOULD BE$828.16
MULTIPLIER▲ 11.6x
TARGET MCAP$184.21B
G.MARKETS/PAIR ANALYSIS·Hyperliquid logoHYPE→Tether logoUSDT· LIVE· as of 21:33 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

HYPE WOULD BE
$0.00000000
currently $71.35 · target mcap $184.21B
MULTIPLIER
▲0.00x

HYPE needs a 11.6x move to match USDT's valuation

REALITY CHECKAt HYPE's current 24h rate of +0.57%, compounding daily would take ~1.2 years to reach USDT's market cap.
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$71.35
24H CHANGE▲ 0.57%
MARKET CAP$15.87BFDV $68.16B · 77% supply locked
RANK#10
SUPPLY222.4M HYPE
DOMINANCE0.53%
7d▲ 1.83%
VS
Tether logo
USDTVerified by G.MARKETS
Tether
TARGET

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

PRICE$0.9994
24H CHANGE▲ 0.03%
MARKET CAP$184.21BFDV $189.67B · 3% supply locked
RANK#3
SUPPLY184.3B USDT
DOMINANCE6.14%
7d▲ 0.09%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
11.6x bigger
HYPE$15.87B
USDT$184.21B
THE CLIMBHyperliquid logoHYPE→Tether logoUSDTMULTIPLIER▲ 11.6xGAP$168.34B
$100.00B
Hyperliquid logo
SOURCEHYPE$15.87B
Tether logo
TARGETUSDT$184.21B
Figure Heloc logo
FIGR_HELOC$20.20B
TRON logo
TRX$31.23B
Solana logo
SOL$48.02B
XRP logo
XRP$71.69B
USDC logo
USDC$73.08B
BNB logo
BNB$79.34B
log scale · mcap in USDJul 6, 2026
Hyperliquid logo
HYPEHyperliquid
$15.87BSOURCE
Figure Heloc logo
FIGR_HELOC
$20.20B
TRON logo
TRX
$31.23B
Solana logo
SOL
$48.02B
XRP logo
XRP
$71.69B
USDC logo
USDC
$73.08B
BNB logo
BNB
$79.34B
Tether logo
USDTTether
$184.21BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF HYPE HIT USDT MCAP·TARGET $828.09
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 HYPE$7,135.00$82,809.33+$75,674.33
Coffee money1K HYPE$71,350.00$828,093.32+$756,743.32
Small bag10K HYPE$713,500.00$8,280,933.17+$7,567,433.17
Real bag100K HYPE$7,135,000.00$82,809,331.65+$75,674,331.65
Whale bag1M HYPE$71,350,000.00$828,093,316.55+$756,743,316.55
Generational10M HYPE$713,500,000.00$8,280,933,165.46+$7,567,433,165.46

FOR CONTEXT

$184.21B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.9% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.5% of Netflix
UberUBER
$160.00B
USDT mcap is 1.15× Uber
NikeNKE
$130.00B
USDT mcap is 1.42× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.84× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.05× Spotify
RELATED COMPARISONS·OTHER WAYS TO ASK
Hyperliquid logoHYPE→Bitcoin logoBTCVerified by G.MARKETS
$5,784.91▲ 81.1x
Hyperliquid logoHYPE→Ethereum logoETHVerified by G.MARKETS
$982.04▲ 13.8x
Hyperliquid logoHYPE→BNB logoBNBVerified by G.MARKETS
$356.67▲ 5.00x
Hyperliquid logoHYPE→USDC logoUSDCVerified by G.MARKETS
$328.54▲ 4.60x
Hyperliquid logoHYPE→XRP logoXRPVerified by G.MARKETS
$322.30▲ 4.52x
Hyperliquid logoHYPE→Solana logoSOLVerified by G.MARKETS
$215.87▲ 3.03x

About this comparison

This page compares the market capitalizations of Hyperliquid (HYPE) and Tether (USDT). With Hyperliquid currently at $71.35 per coin and a market cap of $15.87B, and Tether at $0.9994 with a market cap of $184.21B, applying Tether's market cap to Hyperliquid's circulating supply produces a hypothetical HYPE price of $828.09 — a 11.6x 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 $184.21B, each HYPE would be worth approximately $828.09 based on the circulating supply of 222,445,714 HYPE. That is 11.6x the current HYPE price of $71.35.

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 $71.35.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.21B, ranking #3 by market capitalization. Each USDT trades at $0.9994.

How does HYPE compare to USDT?

Hyperliquid's market cap of $15.87B sits well above Tether's $184.21B. For HYPE to reach USDT's current valuation, the price would need to move 11.6x 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.