HYPE/USD price feed
HYPE is the token of a trading venue rather than of a general purpose chain. That makes it an unusual thing to price: the asset and the marketplace it belongs to answer to the same flow, so its market carries information about the venue as well as about the token.
Aggregate on-chain rate: hourly view of the last 3 days. The API itself updates block by block. Request API access
Book composition · auto-observed
No venue stands out in this book at present; depth is distributed across pools on one chain.
The token of a venue
Most assets in this catalog represent a currency, a claim or a network. This one represents a marketplace. Its demand follows the activity of the venue it belongs to, which is a different driver from the ones behind a stablecoin or a staking token.
That link runs in both directions. Periods of heavy trading on the venue tend to show up in the token's own book and the token's liquidity conditions feed back into how comfortably size can move around it.
Pricing it well therefore means reading its own pools rather than borrowing a figure assembled elsewhere. The venue and the token are related; they are not the same instrument.
Where HYPE trades on-chain
Liquidity that arrives quickly tends to arrive unevenly. A few venues carry most of the flow while the rest fill in behind them and the ordering can change from one week to the next.
That shape matters to anyone marking a position. A book still finding its centre of gravity moves weight between venues from week to week and a mark drawn from one venue inherits every bit of that movement.
The composition line on this page reports the current shape without pretending it is permanent.
Pricing something that moved this fast
Assets that grow at this rate outrun the infrastructure around them. Listings appear before depth does and reference data lags the market it describes.
A depth-aware reading handles that better than a plain average, because venues with real size carry the weight while thin venues stay thin in the calculation.
Who runs on this rate
Desks trading venue tokens
Fills happen at the traded level rather than at a rounded aggregate and the difference compounds on size.
Risk teams marking young positions
A mark with its composition attached can be defended in a review. A bare figure cannot.
Builders integrating a new asset
One feed shape across every asset in the catalog means the newest listing needs no special case.
Where the HYPE market lives
Active HYPE/USD pools per chain, as observed by the feed on 2026-10-27.
HYPE in the catalog
3 pairs, each computed from its own pools with the same methodology:
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