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Ecosystem guide

The Hyperliquid L1 ecosystem

The best dApps on Hyperliquid L1 by sector: DeFi, games, NFTs and more. 164 projects tracked, 164 reviewed in full.

Full Hyperliquid L1 ranking →
dApps
164
Reviewed
164
TVL tracked
$2.44B
Native token
HYPE

Hyperliquid L1 ecosystem in numbers

Tracked
164
Reviewed
164
Total TVL
$61.9B
Avg. score
5.3/10

SkyBitcoins tracks 164 dApps on Hyperliquid L1. Every one of them has a full review. Across the 134 with TVL data, the combined value locked is $61.9B, counting value on every chain they support. LayerZero V2 is the clear leader, holding 28% of it. The five largest make up 75% of the total; the median is $1.53M.

By category, DEXes (30), Yield Aggregator (17) and Lending (14) account for the most projects on Hyperliquid L1. Of the 148 with a confirmed status, 144 are active and 4 are inactive or wound down. Over the last seven days, combined TVL was roughly flat (+0.5%). Yearn Curating gained the most (+23.7%), while Balancer V3 dropped the most (−18.1%).

Ranked by TVL, LayerZero V2 ($17.5B), Morpho Blue ($10.9B) and Hyperliquid Bridge ($6.40B) lead the field. On SkyBitcoins scores, Bitvavo ranks first at 7.7/10, ahead of Hyperliquid (7.2) and Uniswap V4 (7.1). The 107 rated dApps average 5.3/10, and none scores 8 or above yet.

Largest by TVL

  1. 1LayerZero V2 logoLayerZero V2$17.5B
  2. 2Morpho Blue logoMorpho Blue$10.9B
  3. 3Hyperliquid Bridge logoHyperliquid Bridge$6.40B
  4. 4Gate logoGate$5.86B
  5. 5Bitget logoBitget$5.78B

Highest rated

Reviewed

Top-rated dApps on Hyperliquid L1

Bitvavo logo

Bitvavo

Centralized Exchanges

Score 7.7 out of 10

Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.

TVL $311M−13.3%Ethereum · Bitcoin · Solana +9
Hyperliquid logo

Hyperliquid

Derivatives

Score 7.2 out of 10

Hyperliquid offers non-custodial spot and perpetual trading on its own L1, but fees and leverage risks merit a careful check.

Hyperliquid L1
Uniswap V4 logoScore 7.1 out of 10

Uniswap v4 offers multichain swaps and customizable pools, but check each pool’s fees, hook behavior and risks before trading.

TVL $1.18B+1.9%Ethereum · Robinhood Chain · Base +19
Euler V2 logo

Euler V2

Lending

Score 7.1 out of 10

Euler V2 offers configurable lending markets across many chains, but check each vault’s rates, liquidity and liquidation rules before depositing.

TVL $267M−0.9%Monad · Ethereum · Base +13
Morpho Blue logoScore 7.0 out of 10

Morpho Blue offers non-custodial lending markets and curated vaults, but rates change and supplied assets face smart-contract, oracle and market risks.

TVL $10.9B−0.4%Ethereum · Base · Robinhood Chain +41
Sablier Lockup logoScore 7.0 out of 10

Sablier Lockup offers flexible on-chain token vesting, but check its fees, supported network and contract risks before funding a stream.

TVL $1.75M−4.0%Ethereum · Polygon · Arbitrum +25

By sector

Best Hyperliquid L1 dApps by sector

DeFi on Hyperliquid L1122

NFT on Hyperliquid L12

  1. 1OmniHub logoOmniHub4.8
  2. 2Rip.xyz logoRip.xyz$64.0K

Gambling on Hyperliquid L11

  1. 1Ample logoAmple3.5

AI on Hyperliquid L12

Social on Hyperliquid L11

  1. 1fan.fun logofan.fun$34.7K

Infrastructure on Hyperliquid L135

Other on Hyperliquid L11

  1. 1Purr—

Tokens

Top tokens on Hyperliquid L1

All token rankings

Hyperliquid L1's native coin is Hyperliquid (HYPE). The largest tokens with a contract on Hyperliquid L1, by market cap.

Top tokens on Hyperliquid L1
#TokenPrice24h7dMarket cap
6USDC logoUSDCUSDC$0.9996−0.0%−0.0%$70.5B
17Chainlink logoChainlinkLINK$10.77−0.0%−6.8%$8.26B
22Ethena USDe logoEthena USDeUSDE$0.9989+0.0%−0.0%$4.58B
110​​Stable logo​​StableSTABLE$0.0254+2.5%−3.1%$457M
115Pudgy Penguins logoPudgy PenguinsPENGU$0.006338−3.2%−12.5%$398M
123Derive logoDeriveDRV$0.3193−0.8%−0.2%$339M
137Pendle logoPendlePENDLE$1.63−1.0%−13.8%$284M
143Kite logoKiteKITE$0.1071−1.8%−7.4%$256M
197Kinetiq logoKinetiqKNTQ$0.4847−1.2%−15.3%$156M
234Theo Short Duration US Treasury Fund logoTheo Short Duration US Treasury FundTHBILL$1.01+0.0%−0.2%$117M
262ApeCoin logoApeCoinAPE$0.1057−1.2%−5.9%$106M
291SOON logoSOONSOON$0.2530−4.3%−9.7%$86.0M
306Circle Internet Group (Ondo Tokenized Stock) logoCircle Internet Group (Ondo Tokenized Stock)CRCLON$67.16−0.1%−8.2%$79.2M
320Felix feUSD logoFelix feUSDFEUSD$1.00−0.5%+0.1%$75.1M
327SP500 xStock logoSP500 xStockSPYX$740.18−0.1%−2.9%$73.2M
336Matrixdock Gold logoMatrixdock GoldXAUM$4,068+0.0%+4.7%$70.6M
340Nasdaq xStock logoNasdaq xStockQQQX$657.38−0.2%−5.4%$70.2M
383Purr logoPurrPURR$0.0999−2.6%−15.5%$59.4M
393iShares Core S&P 500 ETF (Ondo Tokenized ETF) logoiShares Core S&P 500 ETF (Ondo Tokenized ETF)IVVON$746.44−0.0%−2.9%$58.1M
421NVIDIA xStock logoNVIDIA xStockNVDAX$187.33−0.1%−8.4%$52.0M

Guides

Hyperliquid L1 guides

All guides
  • Blockchain

    How to Use Base: A Practical Guide for 2026

    Base is an Ethereum Layer 2 that lets you use compatible wallets and apps with ETH for gas. Learn how to set up a wallet, move funds, estimate costs and avoid common risks.

Hyperliquid L1 FAQs

What is the largest dApp on Hyperliquid L1 by TVL?

LayerZero V2 is the largest dApp on Hyperliquid L1 by total value locked, with $17.5B across all the chains it supports. It is followed by Morpho Blue ($10.9B) and Hyperliquid Bridge ($6.40B). TVL figures come from DefiLlama and change daily.

Which dApp on Hyperliquid L1 has the highest SkyBitcoins score?

Bitvavo has the highest score at 7.7/10, ahead of Hyperliquid (7.2) and Uniswap V4 (7.1). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many dApps are on Hyperliquid L1?

SkyBitcoins tracks 164 dApps on Hyperliquid L1. Of these, 164 have a full review and 134 report value locked, $61.9B in total, counting value on every chain they support.

What are the most common types of dApps on Hyperliquid L1?

DEXes (30), Yield Aggregator (17) and Lending (14) are the largest categories on Hyperliquid L1, by number of projects.

Which dApps on Hyperliquid L1 grew the most this week?

Among dApps with at least $1M locked, Yearn Curating had the biggest 7-day TVL gain (+23.7%) and Balancer V3 the biggest drop (−18.1%). Combined TVL moved +0.5% over the same seven days.

What is the average score for dApps on Hyperliquid L1?

The 107 rated dApps on Hyperliquid L1 average 5.3 out of 10. Of these, 0 score 8 or higher and 35 score below 5.