Ethereum vs Hyperliquid
The past year, from the same start
Side by side
Price, size and supply, then returns, volatility and the deepest fall, each on the coin’s own daily closes.
| Ethereum | Hyperliquid | Note | |
|---|---|---|---|
| Price | $2,127 | $74.47 | hourly close, 00:00 UTC |
| Market cap | $259.98 billion | $22.48 billion | price × circulating supply |
| Fully diluted value | $259.98 billion | $74.47 billion | price × maximum (or total) supply |
| Circulating supply | 122.2 million ETH | 301.8 million HYPE | |
| Maximum supply | None fixed | 1.000 billion HYPE | |
| All-time high | $4,832 22 Aug 2025 | $97.23 22 Sep 2026 | daily close |
| From the all-time high | −56.0% | −23.4% | |
| Return, 7 days | −6.5% | −15.2% | |
| Return, 30 days | −14.5% | −11.5% | |
| Return, 90 days | +13.6% | +35.3% | |
| Return, 1 year | −37.5% | +85.5% | |
| Return, 3 years | +0.3% | Too short | |
| Volatility, 1 year | 60% | 89% | annualised, daily log returns |
| Deepest fall from a peak, 1 year | −56.2% | −49.8% | daily closes |
How they move together
Whether one coin’s good and bad days are the other’s too, measured on the days both have a close.
- Correlation, 1 year
- 0.521 moves in lockstep, 0 unrelated, −1 opposite; daily log returns
- Correlation, 90 days
- 0.64the same over the last 90 days
- Beta of HYPE to ETH
- 0.77a 1% move in ETH came with 0.77% in HYPE on average, 1 year
If Hyperliquid had Ethereum's market cap
$861.44 per HYPE, 11.6x today's price
Ethereum's market cap of $259.98 billion divided by Hyperliquid's circulating supply of 301.8 million HYPE. A thought experiment, not a forecast: supply and demand would not stay the same.
Compare with more coinsAdd up to five coins, pick the period, and see drawdowns and the correlation of every pair.
Questions
Which has done better over the past year, Ethereum or Hyperliquid?
Hyperliquid: +85.5% against −37.5% for Ethereum, on daily closes to 8 Nov 2026.
Is Hyperliquid more volatile than Ethereum?
Hyperliquid's annualised volatility over the past year was 89%, against 60% for Ethereum.
Do Ethereum and Hyperliquid move together?
Their daily returns had a correlation of 0.52 over the past year and 0.64 over the last 90 days. A correlation near 1 means they mostly rise and fall on the same days; near 0 means their moves are unrelated.
How much bigger is Ethereum than Hyperliquid?
Ethereum's market cap of $259.98 billion is 11.6x Hyperliquid's $22.48 billion.
Where do these figures come from?
From CryptoKeyhole’s own US dollar price indexes of public exchange markets (daily closes at 00:00 UTC) and the supply our nodes count or, for coins whose chain we do not run, the project’s own published supply. Returns use each coin’s own closes; volatility, falls and correlation use the days both coins have a close.
Daily statistics as of the latest closed UTC day; prices are hourly closes. Last update