Hyperliquid Weekly Data Report — Week of August 24–30, 2026
Revised Sep 14, 2026: every figure below was re-verified against primary sources (Hyperliquid API, DefiLlama); historical figures that no public API provides are printed as unavailable rather than estimated.
Every metric below was fetched from a public API — the Hyperliquid official endpoint and DefiLlama — and the fetch is archived with a timestamp. This report prints only what a public source can verify. The week in one line: HYPE closed $79.99, −2.9%, after printing a fresh all-time high at $86.73 and absorbing the largest unlock in the protocol's history; fees cooled to $21.2M and TVL rose counter-cyclically to $6.43B.
The verified metrics
| # | Metric | Reading | Source | Note |
|---|---|---|---|---|
| 1 | HYPE price (Aug 30 close) | $79.99 | Hyperliquid candles | −2.9% WoW ($82.37 → $79.99) |
| 2 | Weekly high / low | $86.73 / $76.59 | Hyperliquid candles | High printed Wednesday, low on Monday |
| 3 | All-time high (intraday) | $86.73 | Hyperliquid candles | Aug 27; news prints $86.71 for Aug 27–28 (AInvest, CoinCentral). Prior record $83.46 (Aug 23) held for four days |
| 4 | Unlock day (Aug 29) | $83.38, +3.0% | Hyperliquid candles | The 14.18M HYPE (~$1.2B) release was absorbed — after a −4.4% Friday de-risk |
| 5 | Protocol fees (7d) | $21.2M | DefiLlama | −13.8% WoW; second-highest week in the dataset |
| 6 | Largest fee day | Aug 25: $4.30M | DefiLlama | vs $1.4–1.6M weekday baseline pre-Aug 19 |
| 7 | Fee run-rate (annualized) | ~$1.10B/yr | Derived | $21.2M × 52 |
| 8 | TVL — Hyperliquid L1 (close) | $6.43B | DefiLlama | +4.4% WoW ($6.16B → $6.43B) — counter-cyclical in a down week |
| 9 | TVL — weekly path | 6.29 → 6.36 → 6.33 → 6.32 → 6.35 → 6.40 → 6.43 | DefiLlama | Daily L1 closes, $B — up four of seven days despite the unlock |
| 10 | BTC, same week | −0.2% | Hyperliquid candles | $77,804 → $77,659 (Sunday closes) |
| 11 | ETH, same week | −1.9% | Hyperliquid candles | $2,464 → $2,418 (Sunday closes) |
| 12 | HYPE vs market | In line | Derived | −2.9% vs −0.2% / −1.9% — a market-line week, no idiosyncratic break |
| 13 | Unlock size | 14,175,778 HYPE (~$1.2B) | AInvest (news) | Partial — 1.4% of 1B max; 46.6% insiders / 46.3% community / 7% foundation |
| 14 | Next scheduled unlock | Sep 6: 9.92M HYPE (~$820M) | MoneyCheck (news) | Partial — dated release on the public schedule |
| 15 | AQAv2 activation | Aug 26 | ETHNews (news) | Partial — ~90% of USDC reserve yield to the Assistance Fund; first payment Oct 3 |
| 16 | Treasury demand | 29.3M HYPE | CoinMarketCap (news) | Partial — Hyperliquid Strategies, 2x YoY; $647M equity raised |
| 17 | Open interest (during the week) | Unavailable | — | No public history endpoint; OI is a stock measured at snapshot time |
| 18 | Funding (during the week) | Unavailable | — | Historical funding rates have no public archive on the info endpoint |
| 19 | Staking, HLP, addresses | Unavailable | — | No public API for staking totals, HLP returns or address counts |
| 20 | Market cap (this week) | Unavailable | — | Historical circulating-supply series is not published; only current-snapshot market cap exists |
Not verifiable via public API (printed as unavailable, not estimated): historical open interest and funding, weekly liquidations, staked HYPE and staking APY, HLP vault TVL and return, Assistance Fund weekly USD purchases, active addresses, transaction count, historical circulating supply and market cap.
The four-week chain
| Week | Close | High | Low | Fees (7d) | TVL L1 (close) |
|---|---|---|---|---|---|
| Aug 3–9 | $53.83 | $57.96 | $51.88 | $9.4M | $5.62B |
| Aug 10–16 | $57.10 | $58.50 | $53.74 | $8.0M | $5.58B |
| Aug 17–23 | $82.37 | $83.46 | $57.02 | $24.6M | $6.16B |
| Aug 24–30 | $79.99 | $86.73 | $76.59 | $21.2M | $6.43B |
The shape: the +44% breakout week, then a consolidation week that printed a higher high ($86.73 vs $83.46), held the unlock without a rout, and closed −2.9% — while the fee series decayed gently (−13.8%) instead of collapsing, and TVL made its monthly high at $6.43B. August month-to-date at the close: +52.3% ($52.51 → $79.99).
Inside the week: the daily path
| Date | Close | Δ | Protocol fees (day) |
|---|---|---|---|
| Mon Aug 24 | $79.01 | −4.1% | $4.22M |
| Tue Aug 25 | $79.65 | +0.8% | $4.30M |
| Wed Aug 26 | $82.28 | +3.3% | $2.93M |
| Thu Aug 27 | $84.64 | +2.9% | $3.56M |
| Fri Aug 28 | $80.94 | −4.4% | $3.26M |
| Sat Aug 29 | $83.38 | +3.0% | $0.96M |
| Sun Aug 30 | $79.99 | −4.1% | $1.99M |
One structural note on the daily pattern: the Monday −4.1% was a hangover from the squeeze week's $82.37 close; the mid-week grind to the $86.73 record came on falling fees ($2.93M on the AQAv2 day); and the Friday −4.4% de-risk on elevated fees ($3.26M) was classic pre-event positioning. Unlock day itself (+3.0%) printed the week's lowest fee day — $0.96M, a Saturday — absorption without churn.
Valuation arithmetic (not a forecast)
What can be computed honestly from this week: the fee run-rate annualizes to ~$1.10B/yr, and buyback capacity — on third-party estimates that roughly 99% of protocol revenue routes to the Assistance Fund — is ~$21.0M for the week, plus the new AQAv2 stream (~90% of USDC reserve yield), whose first hard payment lands Oct 3. What cannot: a same-week price-to-revenue multiple — the historical circulating-supply series that a historical market cap requires is not publicly available. At the current snapshot (re-verified Sep 14) the ratio is ~26x on trailing inputs; see the Sep 7–13 report.
Watching next week
- The Sep 6 unlock: 9.92M HYPE (~$820M) — the second scheduled release inside nine days. Two absorptions in a fortnight would be a real supply-demand data point, not an anecdote.
- The $86.73 record: a second retest after the unlock digest tells you whether the mid-week record was a pause or a ceiling.
- The fee floor: $21.2M held well above the $8–9M pre-spike baseline. A third week above ~$16M starts to look like a new baseline; a fall through it closes the spike chapter.
- TVL direction: $6.43B is the monthly high. New highs in a flat price week would be the strongest quiet-bull signal the API can print.
Frequently asked questions
Why are some metrics marked "not verifiable" instead of estimated?
Because an estimate without a source is just a number. Open-interest history, funding history, staking totals and address counts matter, but no public API publishes them as time series. Rather than print plausible-looking values, this report leaves them blank and names them.
Which sources does this report use?
Two public APIs: the Hyperliquid official info endpoint (prices, candles) and DefiLlama (fees, TVL). Scheduled-release and institutional figures come from dated news reports (AInvest, MoneyCheck, ETHNews, CoinMarketCap, CoinCentral), attributed inline and graded Partial in the table.
How is the $86.73 record reconciled with the reported $86.71?
They are the same print measured on different clocks: $86.73 is the Aug 27 daily candle high on Hyperliquid's UTC candles; $86.71 is the number in news reports filed across Aug 27–28 sessions. Both are correct on their own timeframes; this report uses the candle series for consistency.
Is a −2.9% unlock week a victory?
Framed by history, yes: May's comparable release preceded −14.1% and July's −7%. Framed by levels, it is a consolidation that closed below both the record and the prior weekly close. Both frames are honest; the data supports the first and describes the second.
Is this financial advice?
No. This is data analysis for informational purposes. Nothing here is a recommendation to buy, sell or hold HYPE or any other asset.