Hyperliquid (HYPE) vs Ondo US Dollar Yield (USDY)

Learn how Hyperliquid and Ondo US Dollar Yield differ in their key features, market performance, and community adoption, so you can decide which cryptocurrency is best for your investment strategy.

$40.73
#14
Hyperliquid is a layer 1 blockchain specifically designed to meet the needs of a perpetual DEX, featuring an on-chain order book, low latency, and high execution capacity. Hyperliquid is also a DEX specialized in the perpetual contracts market and more recently the spot market. Hyperliquid is also developing HyperEVM, an EVM-compatible sidechain.
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$1.14
#47
USDY is a yield-bearing token available natively across many of the largest blockchain networks. Currently deployed on Ethereum, Arbitrum, Mantle, Solana, Sui, Aptos, Noble. USDY is secured by US Treasuries and accrues yield daily. USDY is over-collateralized with third-party attestations published daily.
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Key Metrics Comparison

HyperliquidHYPE
Market Cap
$9.697B
24h Volume
$261.16M
Liquidity Ratio
2.69%
24h Change
-1.46%
7d Change
-6.75%
Circulating Supply
238,385,315.954
Max Supply
1,000,000,000
All-Time High
$59
Ondo US Dollar YieldUSDY
Market Cap
$1.902B
24h Volume
$5.23M
Liquidity Ratio
0.28%
24h Change
+0.45%
7d Change
+0.93%
Circulating Supply
1,672,987,285.598
Max Supply
N/A
All-Time High
$1

Category Performance

Visual comparison across key categories. Ring fill represents relative strength or share between the two cryptocurrencies.

Market Share

Share of combined market cap

Market Share
HYPE
83.6%
USDY
16.4%

Volume Share

Share of combined 24h volume

Volume Share
HYPE
98.0%
USDY
2.0%

24h Performance

Price change over last 24 hours

24h Performance
HYPE
-1.46%
USDY
0.45%

7d Performance

Price change over last 7 days

7d Performance
HYPE
-6.75%
USDY
0.93%

Proximity to ATH

How close to all-time high (closer is better)

Proximity to ATH
HYPE
-31.3%
USDY
-9.5%

Liquidity Ratio

Volume to market cap ratio (higher = more liquid)

Liquidity Ratio
HYPE
2.69%
USDY
0.28%