Hyperliquid Approaches $5 Billion in Total Value Locked, DeFiLlama Data Shows

According to DeFiLlama (decentralized finance data tracker), the blockchain project is nearing a major capital milestone in total value locked.

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Terms & Concepts
  • Total Value Locked (TVL): A metric that measures the total value of assets deposited in a blockchain protocol or decentralized finance application.
  • DeFiLlama: A data platform that tracks decentralized finance activity, including total value locked across blockchain networks and protocols.
  • DeFi (decentralized finance): Blockchain-based financial services that operate without traditional intermediaries such as banks or brokers.