G.MARKETS
BTC$64,192.00+0.70%
GokhshteinNews
LIVE
BTC$64,192.00▲ 0.70%ETH$1,873.91▲ 0.30%USDT$0.9993▲ 0.00%BNB$593.54▲ 0.50%USDC$0.9997▲ 0.00%XRP$1.08▼ 0.60%SOL$74.06▲ 0.40%TRX$0.3270▼ 0.40%FIGR_HELOC$1.00▼ 0.40%HYPE$55.08▲ 1.80%DOGE$0.0703▼ 0.30%USDS$0.9998▲ 0.00%LEO$9.74▼ 0.10%RAIN$0.0125▼ 2.10%ZEC$506.08▲ 3.80%ADA$0.1933▼ 0.30%XMR$352.86▼ 2.90%WBT$55.54▲ 0.40%LINK$8.17▼ 0.30%XLM$0.1698▼ 1.30%DAI$0.9998▲ 0.00%BCH$213.84▼ 0.20%CC$0.1086▼ 5.60%USD1$0.9994▲ 0.00%USDE$0.9998▲ 0.00%GRAM$1.39▼ 1.70%USDG$1.0000▲ 0.10%LTC$44.90▲ 1.10%HBAR$0.0696▼ 2.00%USYC$1.13▼ 0.10%BTC$64,192.00▲ 0.70%ETH$1,873.91▲ 0.30%USDT$0.9993▲ 0.00%BNB$593.54▲ 0.50%USDC$0.9997▲ 0.00%XRP$1.08▼ 0.60%SOL$74.06▲ 0.40%TRX$0.3270▼ 0.40%FIGR_HELOC$1.00▼ 0.40%HYPE$55.08▲ 1.80%DOGE$0.0703▼ 0.30%USDS$0.9998▲ 0.00%LEO$9.74▼ 0.10%RAIN$0.0125▼ 2.10%ZEC$506.08▲ 3.80%ADA$0.1933▼ 0.30%XMR$352.86▼ 2.90%WBT$55.54▲ 0.40%LINK$8.17▼ 0.30%XLM$0.1698▼ 1.30%DAI$0.9998▲ 0.00%BCH$213.84▼ 0.20%CC$0.1086▼ 5.60%USD1$0.9994▲ 0.00%USDE$0.9998▲ 0.00%GRAM$1.39▼ 1.70%USDG$1.0000▲ 0.10%LTC$44.90▲ 1.10%HBAR$0.0696▼ 2.00%USYC$1.13▼ 0.10%
ACTIVEHyperliquidHYPE→USDSUSDS
HYPE WOULD BE$44.26
MULTIPLIER▼ 0.80x
TARGET MCAP$9.85B
G.MARKETS/PAIR ANALYSIS·Hyperliquid logoHYPE→USDS logoUSDS· LIVE· as of 22:39 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

HYPE WOULD BE
$0.00000000
currently $55.08 · target mcap $9.85B
MULTIPLIER
▼0.00x

HYPE would drop to 0.80x of its current price at USDS's valuation

COIN PROFILES·HYPE vs USDS
Hyperliquid logo
HYPEUnverified
Hyperliquid
SOURCE

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

PRICE$55.08
24H CHANGE▲ 1.80%
MARKET CAP$12.25BFDV $55.07B · 78% supply locked
RANK#10
SUPPLY222.4M HYPE
DOMINANCE0.41%
7d▲ 5.76%
VS
USDS logo
USDSUnverified
USDS
TARGET

USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S.

PRICE$0.9998
24H CHANGE▲ 0.00%
MARKET CAP$9.85BFDV $9.84B · Fully circulating
RANK#12
SUPPLY9.8B USDS
DOMINANCE0.33%
7d▲ 0.00%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
80.4% the size
HYPE$12.25B
USDS$9.85B
THE CLIMBHyperliquid logoHYPE→USDS logoUSDSMULTIPLIER▼ 1.24xGAP$2.41B
$10.00B
Hyperliquid logo
SOURCEHYPE$12.25B
USDS logo
TARGETUSDS$9.85B
Dogecoin logo
DOGE$10.92B
log scale · mcap in USDAug 4, 2026
Hyperliquid logo
HYPEHyperliquid
$12.25BSOURCE
Dogecoin logo
DOGE
$10.92B
USDS logo
USDSUSDS
$9.85BTARGET
mcap in USDAug 4, 2026
BAG SCENARIOS·IF HYPE HIT USDS MCAP·TARGET $44.26
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 HYPE$5,508.00$4,426.00−$1,082.00
Coffee money1K HYPE$55,080.00$44,259.96−$10,820.04
Small bag10K HYPE$550,800.00$442,599.64−$108,200.36
Real bag100K HYPE$5,508,000.00$4,425,996.39−$1,082,003.61
Whale bag1M HYPE$55,080,000.00$44,259,963.91−$10,820,036.09
Generational10M HYPE$550,800,000.00$442,599,639.11−$108,200,360.89

FOR CONTEXT

$9.85B compared to the world
NikeNKE
$130.00B
USDS mcap is 7.6% of Nike
StarbucksSBUX
$100.00B
USDS mcap is 9.8% of Starbucks
SpotifySPOT
$90.00B
USDS mcap is 10.9% of Spotify
RobloxRBLX
$30.00B
USDS mcap is 32.8% of Roblox
RedditRDDT
$25.00B
USDS mcap is 39.4% of Reddit
SnapchatSNAP
$20.00B
USDS mcap is 49.2% of Snapchat
RELATED COMPARISONS·OTHER WAYS TO ASK
Hyperliquid logoHYPE→Bitcoin logoBTCVerified by G.MARKETS
$5,790.56▲ 105x
Hyperliquid logoHYPE→Ethereum logoETHVerified by G.MARKETS
$1,016.60▲ 18.5x
Hyperliquid logoHYPE→Tether logoUSDTVerified by G.MARKETS
$823.41▲ 14.9x
Hyperliquid logoHYPE→BNB logoBNBVerified by G.MARKETS
$355.32▲ 6.45x
Hyperliquid logoHYPE→USDC logoUSDCVerified by G.MARKETS
$324.45▲ 5.89x
Hyperliquid logoHYPE→XRP logoXRPVerified by G.MARKETS
$302.25▲ 5.49x

About this comparison

This page compares the market capitalizations of Hyperliquid (HYPE) and USDS (USDS). With Hyperliquid currently at $55.08 per coin and a market cap of $12.25B, and USDS at $0.9998 with a market cap of $9.85B, applying USDS's market cap to Hyperliquid's circulating supply produces a hypothetical HYPE price of $44.26 — a 0.80x move from current.

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

USDS: USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to 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 USDS's market cap, what would the price be?

If Hyperliquid (HYPE) had USDS's (USDS) current market cap of $9.85B, each HYPE would be worth approximately $44.26 based on the circulating supply of 222,445,714 HYPE. That is 0.80x the current HYPE price of $55.08.

What is the current market cap of Hyperliquid?

Hyperliquid (HYPE) currently has a market cap of $12.25B, ranking #10 by market capitalization. Each HYPE trades at $55.08.

What is the current market cap of USDS?

USDS (USDS) currently has a market cap of $9.85B, ranking #12 by market capitalization. Each USDS trades at $0.9998.

How does HYPE compare to USDS?

Hyperliquid's market cap of $12.25B sits below USDS's $9.85B. For HYPE to reach USDS's current valuation, the price would need to move 0.80x 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.