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Hyperliquid HYPE

crypto

Price History

$0.00000500$1.43$2.86$4.3
2021-01 · DCA start$3.56

Time underwater

How far below its previous all-time high the price sat, each month. 0% means a new high.

-100.0%-66.7%-33.3%0.0%
2021-012024-08 · -100.0%

Worst drawdown: −100%, peaking Feb 2021 and bottoming Aug 2024 — still unrecovered after 42 months.

DCA Backtest

Invested
$4,400
Value today
$284.9
Return
-93.5%
Months invested
44

Scenarios

Inflation — the same contributions merely keeping pace with CPI would be $5,003 today, so the real (inflation-adjusted) return is -94.3%.

Lump sum instead — $4,400 all at once in Jan 2021: $0.00618 (-100.0%) — DCA came out ahead.

Worst timing — same monthly amount started at the all-time high (Feb 2021): $284.9 on $4,300 invested (-93.4%).

Backtests use monthly closing prices. Stock dividends aren’t reinvested, so long-run equity returns are understated.

If this saved you a spreadsheet — buy me a coffee.

Every start month at once

Each cell is the return-to-date of £/$/€100-a-month DCA started that month. Click a cell to load it in the backtest above. The ringed cell is the all-time-high start — the worst timing scenario.

JFMAMJJASOND
2021
2022
2023
2024
Legend:−50%−20%0%+50%+200%+1000%worst timing (ATH)Selected 2021-01: -93.5%

About Hyperliquid

Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading. Beyond its flagship DEX trading platform, the ecosystem supports borrowing, lending, real world assets (RWAs), and a full-fledged Ethereum Virtual Machine (EVM), making it a leading force in decentralized finance (defi). Just as electronic trading dramatically improved markets in the 2000s, Hyperliquid offers an opportunity for a massive technical upgrade of the existing financial system through a transparent, efficient, and resilient blockchain. (CoinGecko)

It's a cryptocurrency categorised under layer 1, with a market cap of about $18.6B.

It rates Medium-High Risk at 2.7/5, meaning real but ordinary risk — the kind most mainstream assets carry, with some factors scoring poorly.

What pushes the score up: market / volatility (4.0/5) and governance / team (3.0/5).

Scoring well: systemic / correlation at 1.0/5.

Not yet researched: supply & concentration, smart contract / technical. These are excluded from the score rather than guessed, so the real risk may be higher than what’s shown.

Ratings summarise sourced facts against fixed rules — not investment advice, and no substitute for your own diligence.

Risk Profile

Medium-High Risk(2.7/5)73% rated

How these ratings work

Market / Volatility4.0/5 · weight 30%
  • Annualised volatility (3yr)5/5326
  • Max drawdown from ATH5/5100.0
  • Beta vs BTC2/5-0.57
Liquidity1.7/5 · weight 10%
  • 24h volume / market cap3/52.1
  • Top exchange % of volume1/519.1
  • Significant listings1/526.0
Supply & Concentrationunrated · weight 15%
  • Top 10 wallets % of supplynot yet researched
  • Unlocks in next 6mo, % of supplynot yet researched
  • Annual supply growth %not yet researched
Smart Contract / Technicalunrated · weight 12%
  • Audit statusnot yet researched
  • Admin key / upgradeabilitynot yet researched
  • Share of its mining algorithm (PoW)not yet researched
Custody / Bridge1.0/5 · weight 10%
  • Bridge reliance1/5no bridge dependency
Governance / Team3.0/5 · weight 10%
  • Team1/5doxxed track record
  • Largest staking operator, % of stake5/581.0
Regulatory2.0/5 · weight 10%
  • Regulatory profile2/5minor premine no action
Systemic / Correlation1.0/5 · weight 3%
  • Correlation to BTC1/5-0.12

Linked Assets

Same sector, or return-correlated — worth knowing what else might move if this one does.