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USDT rank #3 HYPE rank #11 Asset comparison

Asset vs asset

Tether vs Hyperliquid

Tether is a stablecoin liquidity rail with $183.78B in market cap, while Hyperliquid is a exchange-linked market proxy with $20.73B. The useful comparison is market role, liquidity, seven-day direction, and which follow-up page gives the cleaner next decision.

Snapshot comparison. USDT data as of ; HYPE data as of . Mixed CoinGecko and fallback snapshot. Values can differ in age and are not executable quotes. Data methodology.

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Comparison Table

What changes between USDT and HYPE.

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 Tether Hyperliquid
Market role stablecoin liquidity rail exchange-linked market proxy
Price $0.999815 $93.19
Market cap $183.78B $20.73B
24h volume $34.51B $519.56M
7d change +0.02% +0.74%
Relative size Tether is 8.87x Hyperliquid's market cap Hyperliquid is 0.11x Tether's market cap
Volume comparison Tether trades at 66.42x Hyperliquid's 24h volume Hyperliquid trades at 0.02x Tether's 24h volume

Verify source records: Tether on CoinGecko and Hyperliquid on CoinGecko. Read the risk disclosure.

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