Ethereum vs Hyperliquid
Ethereum (ETH) ranks #2 by market capitalization at $312.3B and Hyperliquid (HYPE) ranks #10 at $19.5B, as of October 12, 2026. Ethereum has no fixed supply cap; Hyperliquid has a fixed maximum supply of 1.0B HYPE. Ethereum is available on 32 exchanges we have verified and Hyperliquid on 21; 19 list both.
Verified How we verify
Side-by-Side
 Ethereum |  Hyperliquid | |
|---|---|---|
| Market cap rank | #2 | #10 |
| Price | $2,557 | $87.48 |
| Market cap | $312.3B | $19.5B |
| Fully diluted valuation | $312.3B | $83.6B |
| 24-hour volume | $9.7B | $493.0M |
| Circulating supply | 122.1M ETH | 222.4M HYPE |
| Maximum supply | No fixed cap | 1.0B HYPE |
| All-time high | $4,946 (August 24, 2025) | $97.96 (September 23, 2026) |
| Change from all-time high | −48.3% | −10.7% |
| 7-day change | −5.2% | −3.5% |
| 30-day change | +2.0% | +11.5% |
| Category | layer-1 | layer-1 |
| Chains | the Ethereum network | the Hyperliquid network |
| Launched | 2015 | — |
Where You Can Buy Each
| Ethereum | Hyperliquid | |
|---|---|---|
| Exchanges listing it | 32 | 21 |
| Countries and US states with a ranked buy page | 70 | 70 |
19 exchanges list both; 70 locations have a ranked buy page for both.
Frequently Asked Questions
- Which has the larger market cap, Ethereum or Hyperliquid?
- Ethereum, by about 16.0× as of October 12, 2026: $312.3B for Ethereum against $19.5B for Hyperliquid.
- Does Ethereum or Hyperliquid have a fixed supply?
- Hyperliquid is capped at 1.0B HYPE; Ethereum has no fixed maximum supply.
- Where can I buy both Ethereum and Hyperliquid?
- 19 exchanges we have verified list both. Pick your location on the buy pages to see which serve you and what a $500 purchase costs.