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 10.7× bigger. Tether is ranked #3 and Hyperliquid is ranked #10 by market cap.
| Metric | Tether (USDT) | Hyperliquid (HYPE) |
|---|---|---|
| Price | $0.9992 | $68.73 |
| Market Cap | $175.26B | $16.35B |
| Rank | #3 | #10 |
| 24h Change | -0.00% | -6.77% |
| 7d Change | +0.00% | -11.85% |
| 24h Volume | $49.27B | $989.08M |
| All-Time High | $1.32 | $97.96 |
| Circulating Supply | 175,398,004,600 USDT | 237,730,949 HYPE |
Performance: USDT vs HYPE
| Period | USDT | HYPE |
|---|---|---|
| 1 hour | +0.01% | -1.68% |
| 24 hours | -0.00% | -6.77% |
| 7 days | +0.00% | -11.85% |
| 30 days | +0.01% | -12.27% |
| 1 year | -0.05% | +85.64% |
USDT vs HYPE: The Analysis
- Tether is the larger asset (10.7× Hyperliquid’s cap)
- Over 1 year, HYPE has outperformed (up 85.64% vs down 0.05%)
- USDT sits closer to its all-time high (-24% vs -30%)
Tether (USDT) and Hyperliquid (HYPE) sit at very different scales: Tether is ranked #3 with a $175.26B market cap, about 10.7× the $16.35B of Hyperliquid (#10). A larger cap generally means deeper liquidity and lower volatility, not a better investment.
Over the past year, USDT is down 0.05% and HYPE is up 85.64% — HYPE has clearly led.
USDT trades 24% below its all-time high of $1.32, while HYPE is 30% 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 | 0.01453848 HYPE |
| 1 HYPE | 68.7830 USDT |
| 10 USDT | 0.1454 HYPE |
Based on live prices: USDT $0.9992, HYPE $68.73. 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 | -24.30% | -29.84% |
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 10.7× bigger. Tether is ranked #3 and Hyperliquid is ranked #10 by market cap. Tether trades at $0.9992 and Hyperliquid at $68.73. Tether is categorised under Stablecoins, USD Stablecoin.
Which is bigger, Tether or Hyperliquid?
Tether is larger, with a market cap of $175.26B versus Hyperliquid's $16.35B — roughly 10.7× bigger.
Which has performed better recently?
Over the last 7 days, USDT is up 0.00% and HYPE is down 11.85%. Over a full year, USDT is down 0.05% versus up 85.64% 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 0.01453848 HYPE, and 1 Hyperliquid is worth 68.7830 USDT (USDT $0.9992, HYPE $68.73).
Could Hyperliquid overtake Tether's market cap?
For Hyperliquid to reach Tether's current $175.26B market cap, its price would need to rise about 10.7× to roughly $736.66 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.