Hyperliquid β Statistical Analysis
Hyperliquid demonstrates strong market traction with a substantial TVL and trading volume, but faces challenges in capital efficiency and liquidity spread.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
$159.2M in TVL and $118.0M in 24h trading volume position Hyperliquid as a notable player in the DeFi space. With 51 listed coins and 59 trading pairs, the protocol offers a diverse range of assets, although its Trust Score is currently N/A.
2. Capital Efficiency
The Volume/TVL ratio of 0.74 (=$108.7M/$159.2M) indicates that Hyperliquid's capital efficiency is relatively low, suggesting that a significant portion of its TVL is not being actively utilized in trading. This may be an area for improvement to increase protocol revenue and attract more liquidity providers.
3. Liquidity & Pair Spread
With 59 trading pairs and 51 listed coins, Hyperliquid's liquidity is relatively concentrated, as the number of pairs is not significantly higher than the number of coins. This may lead to illiquidity in certain pairs, making it challenging for users to enter or exit positions efficiently.
4. Chain Dominance
Hyperliquid L1 dominates the protocol's TVL, holding the entire $159.2M. This suggests that the protocol is heavily reliant on a single chain, which may pose risks in terms of decentralization and security.
5. Analyst Verdict
While Hyperliquid demonstrates strong market traction, its low capital efficiency and concentrated liquidity spread are areas of concern. The lack of audits and a Trust Score also raises questions about the protocol's security and credibility. Nevertheless, its substantial TVL and trading volume suggest a strong foundation for growth.