Hyperliquid TVL
Live total value locked across every active Hyperliquid vault. Updated May 07, 2026 00:59 UTC.
What this page shows
Hyperliquid TVL (total value locked) is the sum of USDC deposited across every vault on Hyperliquid — the native perpetual DEX's on-chain vault system. This page pulls every active vault from Hyperliquid's on-chain state and sums their current TVL. Numbers recompute every few minutes. There are no aggregator delays, no weekly snapshots — this is the live number.
The Hyperliquid vault ecosystem is dominated by HLP, the protocol-owned Hyperliquidity Provider vault. HLP is a community-owned market-making vault that accrues a portion of protocol trading fees plus PnL from on-book quoting and routed liquidations. Everything outside HLP is a "leader vault" — a trader running directional, market-neutral, grid, or systematic strategies with depositor capital.
Top vaults by TVL
Live top 20 by total value locked. Click any vault to see its risk score, drawdown, whale flows, and entry signals.
| # | Vault | Leader | TVL | Share | APR |
|---|---|---|---|---|---|
| 1 | Hyperliquidity Provider (HLP) | 0x677d...84e7 | $394.8M | 84.2% | -0.0% |
| 2 | [ Systemic Strategies ] ♾️ HyperGrowth ♾️ | 0x2b80...6f4b | $11.1M | 2.4% | +62.3% |
| 3 | [ Systemic Strategies ] L/S Grids | 0x2b80...6f4b | $8.8M | 1.9% | +64.1% |
| 4 | Growi HF | 0x7789...f60d | $8.1M | 1.7% | +36.5% |
| 5 | Ultron | 0x8d3f...c056 | $5.2M | 1.1% | +137.7% |
| 6 | drkmttr | 0xf4f7...239f | $5.2M | 1.1% | +653.4% |
| 7 | Bitcoin Moving Average Long/Short | 0x1fa1...1d08 | $3.5M | 0.7% | -7.8% |
| 8 | Orbit Value Strategies | 0xf292...9edf | $3.1M | 0.7% | +100.9% |
| 9 | AIQuantPulse | 0xcbdf...b4b3 | $2.7M | 0.6% | -4.6% |
| 10 | FC Genesis - Quantum | 0x3d32...cfec | $2.2M | 0.5% | +0.2% |
| 11 | Long HYPE & BTC | Short Garbage | 0xa380...d939 | $2.1M | 0.4% | +129.4% |
| 12 | BredoStrategy | 0xf5f5...0336 | $1.8M | 0.4% | +630.9% |
| 13 | pmalt | 0x5261...1d2a | $1.4M | 0.3% | +86.1% |
| 14 | Hyperrr | 0x7618...c96e | $1.4M | 0.3% | -5.9% |
| 15 | Long LINK Short XRP | 0xe282...df29 | $1.3M | 0.3% | +519.8% |
| 16 | Martyrbit | 0x97ee...3b2e | $1.2M | 0.3% | -0.5% |
| 17 | Black Ops | 0x970e...943c | $1.1M | 0.2% | +118.9% |
| 18 | Scott Phillips Trading Vault | 0xea36...09f9 | $996K | 0.2% | -2.9% |
| 19 | Equinox · Blackalgo | 0x3db7...d9cf | $977K | 0.2% | -1.2% |
| 20 | Delta_01 | 0x43c6...4054 | $714K | 0.2% | +299.9% |
TVL distribution
How TVL is distributed across size buckets. HLP sits alone above $100M; a thin middle tier hosts the large leader vaults; the long tail is made up of sub-$1M vaults testing new strategies.
| Size bucket | Vaults | Total TVL | Share of total |
|---|---|---|---|
| >= $100M | 1 | $394.8M | 84.2% |
| $10M – $100M | 1 | $11.1M | 2.4% |
| $1M – $10M | 15 | $49.0M | 10.5% |
| $100K – $1M | 28 | $13.7M | 2.9% |
| < $100K | 0 | $0 | 0.0% |
What drives Hyperliquid TVL changes
Hyperliquid vault TVL moves for four distinct reasons — it is useful to separate them before reading any TVL chart.
- Net deposit/withdrawal flow. Depositors adding or pulling USDC. This is the "real" capital-movement signal. Whale flow alerts on VaultVision track the largest of these.
- Mark-to-market PnL. TVL goes up when vault positions are in profit, down when they bleed. A vault's TVL can rise 5% overnight with zero new deposits if its positions gapped in.
- HLP fee accrual. HLP TVL specifically compounds every hour from protocol trading fees — this is a slow, steady upward drift even in quiet markets.
- Lockup expiry. HLP has a 4-day lockup on deposits. A wave of withdrawals unlocks 4 days after a deposit wave, which creates the "echo" pattern sometimes visible in HLP TVL.
TVL vs APR — quick sanity check
A common mistake: treating high APR and rising TVL as an automatic "this vault is good." The opposite is often true. A vault with a 200% APR accumulating fast deposits is more fragile than the same vault at lower TVL — the manager has less flexibility to rebalance, liquidity on exit becomes a real concern, and the position concentration that drove the high APR becomes harder to hedge.
VaultVision's risk score explicitly penalises large-TVL vaults with unstable TVL volatility, for this exact reason.
Frequently asked questions
What is the current Hyperliquid TVL?
What is HLP TVL right now?
How is this TVL calculated?
status = active. Numbers refresh every few minutes.Does this include HyperEVM TVL or only vaults?
Why does HLP dominate TVL?
Go beyond TVL — see risk per vault
VaultVision ranks every vault by risk-adjusted return, tracks whale flows, and flags entry timing. Free, no login.
Browse live vault directoryRelated
- Hyperliquid Vault Directory — live TVL, APR, drawdown, risk scores, and entry labels
- Hyperliquid TVL, Explained: What It Is, How It's Calculated, How to Read It
- How Hyperliquidity Provider (HLP) Works: Mechanics & Real Numbers
- Top Hyperliquid Vaults Ranked by Risk-Adjusted Return
- How to Choose a Hyperliquid Vault: 5-Factor Framework
- Hyperliquid Vault Risk Score Formula