Tether vs Hyperliquid — USDT/HYPE Comparison
Side-by-side market data for Tether and Hyperliquid, updated continuously.
Tether (USDT) has a larger market capitalization than Hyperliquid (HYPE) — about 9.7× bigger. Tether is ranked #3 and Hyperliquid is ranked #11 by market cap.
| Metric | Tether (USDT) | Hyperliquid (HYPE) |
|---|---|---|
| Price | $0.9991 | $84.91 |
| Market Cap | $184.08B | $18.89B |
| Rank | #3 | #11 |
| 24h Change | -0.01% | +0.67% |
| 7d Change | -0.07% | -5.72% |
| 24h Volume | $28.84B | $572.40M |
| All-Time High | $1.32 | $97.96 |
| Circulating Supply | 184,250,955,801 USDT | 222,445,714 HYPE |
Performance: USDT vs HYPE
| Period | USDT | HYPE |
|---|---|---|
| 1 hour | -0.00% | -0.21% |
| 24 hours | -0.01% | +0.67% |
| 7 days | -0.07% | -5.72% |
| 30 days | -0.05% | +1.16% |
| 1 year | -0.25% | +90.31% |
USDT vs HYPE: The Analysis
- Tether is the larger asset (9.7× Hyperliquid’s cap)
- Over 1 year, HYPE has outperformed (up 90.31% vs down 0.25%)
- HYPE sits closer to its all-time high (-13% vs -24%)
Tether (USDT) and Hyperliquid (HYPE) sit at very different scales: Tether is ranked #3 with a $184.08B market cap, about 9.7× the $18.89B of Hyperliquid (#11). A larger cap generally means deeper liquidity and lower volatility, not a better investment.
Over the past year, USDT is down 0.25% and HYPE is up 90.31% — HYPE has clearly led.
USDT trades 24% below its all-time high of $1.32, while HYPE is 13% below its $97.96 peak — one gauge of how much each has recovered.
By use case, Tether is associated with Stablecoins, USD Stablecoin, and Hyperliquid with Decentralized Exchange (DEX), Smart Contract Platform — so they are not necessarily direct substitutes.
USDT to HYPE Conversion
| Amount | Equivalent |
|---|---|
| 1 USDT | 0.01176660 HYPE |
| 1 HYPE | 84.9863 USDT |
| 10 USDT | 0.1177 HYPE |
Based on live prices: USDT $0.9991, HYPE $84.91. A market exchange may differ.
Volatility & Drawdown
| Metric | USDT | HYPE |
|---|---|---|
| 30-day volatility (annualised) | — | — |
| All-time high | $1.32 | $97.96 |
| From all-time high | -24.31% | -13.32% |
Volatility is the standard deviation of daily returns over the last 30 days, annualised. Higher means larger price swings. Not a measure of quality or risk-adjusted return.
Price Charts
What is the difference between Tether and Hyperliquid?
Tether (USDT) has a larger market capitalization than Hyperliquid (HYPE) — about 9.7× bigger. Tether is ranked #3 and Hyperliquid is ranked #11 by market cap. Tether trades at $0.9991 and Hyperliquid at $84.91. Tether is categorised under Stablecoins, USD Stablecoin.
Which is bigger, Tether or Hyperliquid?
Tether is larger, with a market cap of $184.08B versus Hyperliquid's $18.89B — roughly 9.7× bigger.
Which has performed better recently?
Over the last 7 days, USDT is down 0.07% and HYPE is down 5.72%. Over a full year, USDT is down 0.25% versus up 90.31% for HYPE. Past performance does not predict future results — this is not financial advice.
How many HYPE is 1 USDT worth?
At current prices, 1 Tether is worth about 0.01176660 HYPE, and 1 Hyperliquid is worth 84.9863 USDT (USDT $0.9991, HYPE $84.91).
Could Hyperliquid overtake Tether's market cap?
For Hyperliquid to reach Tether's current $184.08B market cap, its price would need to rise about 9.7× to roughly $827.63 per HYPE (at today's supply), with Tether staying flat. That is a hypothetical, not a prediction.
Is Tether a better investment than Hyperliquid?
We don't give investment advice and can't say which is "better" for you — it depends on your own research, goals and risk tolerance. The data above compares their size, performance, volatility and use case so you can judge for yourself. Crypto is high-risk; see our disclaimer.
Tether data · Hyperliquid data · Information only — not financial advice. A larger market cap does not mean a better investment.