Can I swap HYPE without KYC?

Yes. SyntheticSwap supports HYPE swaps with no registration or identity verification.

Was there a VC allocation in HYPE?

No. Hyperliquid had zero VC allocation — 70% of tokens went to the community via airdrop and future incentives. This is unusual in crypto and contributed to the token's strong community support.

HyperEVM is Hyperliquid's Ethereum-compatible smart contract environment, allowing developers to deploy Solidity dApps that can natively interact with Hyperliquid's perpetuals DEX.

How much was the Hyperliquid airdrop worth?

The November 2024 HYPE airdrop distributed over 310 million HYPE tokens to early users. At peak prices, this was worth over $3 billion — making it one of the largest crypto airdrops ever.

Hyperliquid (HYPE)

Fully On-Chain Perpetuals DEX with Its Own Layer-1 Blockchain

$89.28+3.10% (24h)

Swap HYPE without an account or KYC · supported network: HyperEVM.

First AI-powered swap engine

No registration. No KYC. No custody. Just swap.

Market cap

$19.86B

Volume (24h)

$1.26B

Launched

2024

Consensus

HyperBFT (PoS-based)

Max supply

1,000,000,000 HYPE

Block time

~0.2 seconds

Deposit confirmations

10 on HyperEVM

Memo / tag

not needed

Market data by CoinGecko (snapshot 2026-10-01).

30-day price (USD)

Loading chart…

Price history by CoinGecko.

About Hyperliquid

Hyperliquid (HYPE) is the native token of Hyperliquid — a fully decentralized perpetuals exchange running on its own high-performance Layer-1 blockchain. Unlike competitors that rely on Ethereum or other chains, Hyperliquid built a custom consensus mechanism (HyperBFT) enabling sub-200ms finality and a fully on-chain order book processing thousands of TPS. HYPE launched in November 2024 via one of the largest airdrops in crypto history — over $1 billion distributed to early users. 100% of fees collected by the protocol go to HYPE stakers and buy-back-and-burn, creating strong token economics with no VC allocation.

Before you swap HYPE: what to check

•Receiving address format: 0x… (42 characters) on HyperEVM.
•Network: HyperEVM. HYPE exists on one network here; make sure your wallet sends on it.
•Deposit confirmations: 10 on HyperEVM (block time ~0.2 seconds). The rate is locked when the deposit confirms, not when you broadcast.
•Limits: minimum and maximum are shown in the form for each pair and change with fees and liquidity.
•Tracking: the status page shows each stage; deposits and payouts can be checked on hyperevmscan.io.

Hyperliquid history

2023Hyperliquid launches by anonymous team; quickly gains reputation for performance and fair fee distribution.
2024Hyperliquid processes billions in daily perpetuals volume; surpasses established DEXes.
2024HYPE token airdrop in November 2024 — one of the largest in crypto history with $1B+ distributed to early users.
2024HYPE reaches multi-billion dollar market cap within weeks of launch; HyperEVM launches for smart contracts.

How to swap HYPE

In the form above, choose the direction: HYPE (HyperEVM) to the coin you want, or the other way round.
Enter the amount — the estimated amount you receive updates live; minimums are shown in the form.
Paste the receiving address and, optionally, a refund address.
Click “Swap now” and send exactly the shown amount to the deposit address from any wallet you control.
After 10 confirmations the payout is sent; track it on the status page. No account, no KYC.

How to store HYPE

HYPE is stored in wallets supporting the Hyperliquid network. MetaMask can be configured for Hyperliquid's EVM environment (HyperEVM). The native Hyperliquid interface manages HYPE directly through the dApp. Hyperliquid uses EVM-compatible addresses.

If something looks wrong

The deposit is not showing up

Check the transaction in your wallet or on hyperevmscan.io: it must be on HyperEVM. Until it has 10 confirmations the status page shows it as pending — this is normal.

I sent a different amount than quoted

Amounts inside the limits are recalculated at the current floating rate. Amounts below the minimum cannot be processed and are returned to the refund address you gave (minus the network fee).

I sent on the wrong network

Funds sent on a network other than HyperEVM do not reach the deposit address automatically. Contact support with the transaction hash and the swap ID from the status page.

The payout has not arrived

Once the deposit is confirmed, the payout is broadcast within minutes. Check the destination address on its explorer; if the receiving service needs a memo or tag that was not provided, ask them to credit it manually with the transaction hash.

The rate changed while I waited

Rates are floating and locked at deposit confirmation. Slow confirmation (low fee, congested network) is the usual reason for a difference from the first estimate.

HYPE swap pairs

XRP→HYPE (HyperEVM)

Frequently asked questions

Hyperliquid runs entirely on its own Layer-1 with a fully on-chain order book at sub-200ms finality. GMX, dYdX, and others rely on external chains or off-chain components — Hyperliquid does everything on-chain.

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