Hyperliquid's total value locked (TVL) has surpassed $4.5 billion, according to DefiLlama data. The platform, which supports USDC and USDT, reported annualized fees of $747 million over the past 24 hours. Additionally, Hyperliquid's perpetual contract trading volume reached $178.23 billion in the last 30 days. The HYPE token is currently trading at $37.14, marking a 7.33% increase in the past 24 hours.