Hyperliquid surpasses Solana in fully diluted valuation
Hyperliquid has surpassed Solana in fully diluted valuation, reaching approximately $49.7 billion. This rise is notable given that Hyperliquid's token, HYPE, has only been trading for less than a year. The decentralized exchange focuses on derivatives trading and operates on its own layer-1 blockchain.
- ▪Hyperliquid's fully diluted valuation has climbed to around $49.7 billion, surpassing Solana's FDV.
- ▪Solana has been operational since 2020 and has rebuilt its ecosystem after facing significant challenges.
- ▪Hyperliquid's token, HYPE, is currently trading between $54 and $55, with a market cap of approximately $12.3 billion.
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Hyperliquid surpasses Solana in fully diluted valuation A derivatives-focused DEX that launched its token barely six months ago now carries a higher FDV than one of crypto's most established layer-1 networks. Share Add us on Google by Editorial Team May. 20, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Hyperliquid’s fully diluted valuation has climbed to roughly $49.7B, according to DeFiLlama, pushing past Solana’s FDV and…
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