HyperLend HPL

What HPL actually is on-chain

HyperLend is a HIP-1 deployed on Hyperliquid, at contract address 0x5e887f0c6c3deec190c36186bf23369f. That address, not the ticker HPL, is what uniquely identifies this asset: anyone can deploy a second token calling itself HPL, but the contract is unforgeable. Verify it against app.hyperliquid.xyz before sending funds or approving a spend.

Transfers of HPL are paid for in HYPE, and the on-chain liquidity that exists for it is concentrated in the Hyperliquid on-chain order book.

For HPL the project publishes a public source repository and an active account as @hyperlendx. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where HPL sits in the market

Ranked #1643, HyperLend falls in the lower small-cap band. The order book absorbs size poorly at this depth: one meaningful market order can reprice the tape by several percent before it retraces minutes later. A lone static price target therefore fires on noise, and what you want is a condition built to survive that wick. Venue coverage is narrow, which makes volume-based delisting a concrete risk rather than a theoretical one.

We are not currently receiving a live HPL order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted. HPL is a Hyperliquid asset, so whatever turnover exists is most likely in the Hyperliquid on-chain order book rather than on a centralised book, and every fill there costs HYPE in gas on top of the pool's own fee.

HPL against its all-time high

HyperLend's record high is $0.0275, set on 2026-03-18. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. The print is recent enough — about a year ago — that it still describes the market HPL trades in today. We are not quoting a drawdown from it because no tracked venue is giving us a live HPL price — a stale or single-pool number would make that percentage look precise when it is not.

HPL across its historical range

The recorded range is comparatively narrow: 3.38x between $0.008148 and $0.0275. Either the price history is short, or the asset is designed not to move.

The record low of $0.008148 was printed on 2026-03-06 — about a year ago. We have no live quote to measure the current distance from it.

HPL supply and valuation data

Supply figures for HPL are self-reported at this rank rather than reconciled against the chain, so we publish the valuation we have and not a circulating-supply number we cannot check. What we do have is a fully diluted valuation of $14.7 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

Since the figure is a snapshot rather than a live number, we do not reverse it into a supply count: the price has moved since it was taken, and that division would produce a confident but incorrect token count. For any per-token valuation, check the current supply on the project's own explorer first. The authoritative figure is the one app.hyperliquid.xyz reports for this contract.

What kind of asset HPL is

HyperLend is a DeFi protocol token, which ties it to total value locked and to the interest-rate environment on-chain. These assets carry a beta to the market plus a second exposure that is easy to miss: protocol risk. A contract exploit or an oracle failure repriced instantly and independently of any market move, and that tail is a real component of holding the token.

CoinGecko files HPL under 3 categories, including Decentralized Finance (DeFi), Lending/Borrowing Protocols, Hyperliquid Ecosystem. CoinGecko also records deployments on Hyperliquid (40 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a HyperLend alert that is worth receiving

HyperLend is the HIP-1 at 0x5e88…369f on Hyperliquid — high dated 2026-03-18 — rank #1643. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →