Hyperliquid vs Arbitrum

Hyperliquid is a exchange-linked market proxy with $20.73B in market cap, while Arbitrum is a ARB market beta asset with $1.54B. The useful comparison is market role, liquidity, seven-day direction, and which follow-up page gives the cleaner next decision.

Snapshot comparison. HYPE data as of Sep 27, 2026, 1:20 AM UTC; ARB data as of Sep 27, 2026, 1:20 AM UTC. Mixed CoinGecko and fallback snapshot. Values can differ in age and are not executable quotes. Data methodology.

Open HYPE Open ARB

Comparison Table

What changes between HYPE and ARB.

Compare market role and supply as well as unit price. Reported trading volume is not the amount you can execute at the displayed price. This table is a research aid, not a recommendation.

Question	Hyperliquid	Arbitrum
Market role	exchange-linked market proxy	ARB market beta asset
Price	$93.19	$0.226691
Market cap	$20.73B	$1.54B
24h volume	$519.56M	$253.49M
7d change	+0.74%	+9.54%
Relative size	Hyperliquid is 13.48x Arbitrum's market cap	Arbitrum is 0.07x Hyperliquid's market cap
Volume comparison	Hyperliquid trades at 2.05x Arbitrum's 24h volume	Arbitrum trades at 0.49x Hyperliquid's 24h volume