LIVE
BTC$80,896.00 5.93%ETH$2,611.51 6.77%USDT$0.9997 0.04%BNB$761.63 3.38%XRP$1.40 7.73%USDC$0.9998 0.02%SOL$112.86 11.23%TRX$0.3384 1.14%ZEC$1,570.60 6.84%FIGR_HELOC$1.03 1.25%HYPE$92.76 9.45%DOGE$0.0876 7.28%XMR$564.68 8.94%WBT$83.04 5.50%USDS$1.00 0.03%RAIN$0.0134 5.33%LINK$12.23 7.43%ADA$0.2241 10.65%LEO$8.91 0.11%XLM$0.1926 4.86%UNI$8.82 14.21%BCH$255.33 9.02%NEAR$3.75 19.17%USDE$0.9998 0.06%DAI$1.0000 0.01%LTC$57.72 7.07%CC$0.1115 9.57%USD1$0.9997 0.06%GRAM$1.37 2.48%AVAX$8.20 7.77%BTC$80,896.00 5.93%ETH$2,611.51 6.77%USDT$0.9997 0.04%BNB$761.63 3.38%XRP$1.40 7.73%USDC$0.9998 0.02%SOL$112.86 11.23%TRX$0.3384 1.14%ZEC$1,570.60 6.84%FIGR_HELOC$1.03 1.25%HYPE$92.76 9.45%DOGE$0.0876 7.28%XMR$564.68 8.94%WBT$83.04 5.50%USDS$1.00 0.03%RAIN$0.0134 5.33%LINK$12.23 7.43%ADA$0.2241 10.65%LEO$8.91 0.11%XLM$0.1926 4.86%UNI$8.82 14.21%BCH$255.33 9.02%NEAR$3.75 19.17%USDE$0.9998 0.06%DAI$1.0000 0.01%LTC$57.72 7.07%CC$0.1115 9.57%USD1$0.9997 0.06%GRAM$1.37 2.48%AVAX$8.20 7.77%
G.MARKETS/PAIR ANALYSIS·Tether logoUSDTHyperliquid logoHYPE· LIVE· as of 23:44 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap

USDT WOULD BE
$0.00000000
currently $0.9997 · target mcap $20.64B
0.00x TO MATCHUSDT WOULD FALL TO 0.11x OF TODAY AT HYPE'S VALUATION
COIN PROFILES·USDT vs HYPE
Tether logo
USDTVerified by G.MARKETS
Tether
SOURCE

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

PRICE$0.9997
24H CHANGE 0.04%
MARKET CAP$183.39BFDV $188.86B · 3% supply locked
RANK#3
SUPPLY183.4B USDT
DOMINANCE6.11%
7d 0.01%
VS
Hyperliquid logo
Hyperliquid
TARGET

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

PRICE$92.76
24H CHANGE 9.45%
MARKET CAP$20.64BFDV $88.65B · 77% supply locked
RANK#11
SUPPLY222.4M HYPE
DOMINANCE0.69%
7d 15.90%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
11.3% the size
USDT$183.39B
HYPE$20.64B
THE CLIMBTether logoUSDTHyperliquid logoHYPEMULTIPLIER 8.88xGAP$162.75B
$100.00B
Tether logo
SOURCEUSDT$183.39B
Hyperliquid logo
TARGETHYPE$20.64B
Figure Heloc logo
FIGR_HELOC$23.47B
Zcash logo
ZEC$26.62B
TRON logo
TRX$32.14B
Solana logo
SOL$66.28B
USDC logo
USDC$73.92B
XRP logo
XRP$87.79B
BNB logo
BNB$101.44B
log scale · mcap in USDSep 18, 2026
Tether logo
USDTTether
$183.39BSOURCE
Figure Heloc logo
FIGR_HELOC
$23.47B
Zcash logo
ZEC
$26.62B
TRON logo
TRX
$32.14B
Solana logo
SOL
$66.28B
USDC logo
USDC
$73.92B
XRP logo
XRP
$87.79B
BNB logo
BNB
$101.44B
Hyperliquid logo
HYPEHyperliquid
$20.64BTARGET
mcap in USDSep 18, 2026
BAG SCENARIOS·IF USDT HIT HYPE MCAP·TARGET $0.1125
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDT$99.97$11.25$88.72
Coffee money1K USDT$999.72$112.53$887.19
Small bag10K USDT$9,997.15$1,125.28$8,871.87
Real bag100K USDT$99,971.50$11,252.76$88,718.74
Whale bag1M USDT$999,715.00$112,527.56$887,187.44
Generational10M USDT$9,997,150.00$1,125,275.64$8,871,874.36
$20.64B compared to the world
NikeNKE
$130.00B
HYPE mcap is 15.9% of Nike
StarbucksSBUX
$100.00B
HYPE mcap is 20.6% of Starbucks
SpotifySPOT
$90.00B
HYPE mcap is 22.9% of Spotify
RobloxRBLX
$30.00B
HYPE mcap is 68.8% of Roblox
RedditRDDT
$25.00B
HYPE mcap is 82.6% of Reddit
SnapchatSNAP
$20.00B
HYPE mcap is 1.03× Snapchat

About this comparison

This page compares the market capitalizations of Tether (USDT) and Hyperliquid (HYPE). With Tether currently at $0.9997 per coin and a market cap of $183.39B, and Hyperliquid at $92.76 with a market cap of $20.64B, applying Hyperliquid's market cap to Tether's circulating supply produces a hypothetical USDT price of $0.1125 — a 0.11x move from current.

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

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

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

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

If Tether (USDT) had Hyperliquid's (HYPE) current market cap of $20.64B, each USDT would be worth approximately $0.1125 based on the circulating supply of 183,442,587,856 USDT. That is 0.11x the current USDT price of $0.9997.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $183.39B, ranking #3 by market capitalization. Each USDT trades at $0.9997.

What is the current market cap of Hyperliquid?

Hyperliquid (HYPE) currently has a market cap of $20.64B, ranking #11 by market capitalization. Each HYPE trades at $92.76.

How does USDT compare to HYPE?

Tether's market cap of $183.39B sits well below Hyperliquid's $20.64B. For USDT to reach HYPE's current valuation, the price would need to move 0.11x 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 Tether'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.