Hyperdrive HL
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Protocol TVL
About Hyperdrive HL
The premier stablecoin money market on Hyperliquid, and the foundational layer for making everything on HyperCore liquid
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Hyperdrive HL's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
Gets the assets deposited across all lending pools.
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Hyperdrive HL Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Jun 13, 2025Listed on DeFiLlama
Protocol Profile
Hyperdrive HL is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Hyperliquid L1. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
TVL spans 3 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Hyperdrive HL is a single-chain protocol, deployed exclusively on Hyperliquid L1 — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Hyperliquid L1, Hyperliquid L1-borrowed, borrowed), so a fault on any one of them would affect a large slice of users. Price discovery relies on 2 oracle providers (RedStone, Chainlink), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for Hyperdrive HL — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Lending protocols on Mantapex
Hyperdrive HL is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure $43.4B in deposits, giving you a frame of reference for whether Hyperdrive HL's own TVL is at the top, middle, or tail of the category.
Recent Hyperdrive HL news
Latest reporting from major crypto news outlets covering Hyperdrive HL.
- Cryptopolitan
Hyperdrive says it has fixed the issue and plans to resume operations within 24 hours
Hyperdrive, a DeFi yield protocol operating on the Hyperliquid ecosystem, has committed to restoring market operations and reimbursing affected users after a breach that forced it…
- Cryptonews
Hyperliquid's HyperDrive DeFi Loses $773K in Account Compromise, Funds Bridged to BNB Chain and Ethereum
HyperDrive DeFi protocol suffered a $773,000 exploit affecting two accounts in its Treasury Bill market with stolen funds split between BNB Chain and Ethereum networks through…
- Bitcoin
USDC Adoption on Solana Enters Hyperdrive With Coinbase and Squads Alliance
Coinbase is driving a major leap in USDC adoption on Solana, locking it as the default stablecoin across Squads' core products, powering next-gen decentralized finance. Coinbase…
Related protocols
Other DeFi protocols connected to Hyperdrive HL by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Lending protocols
Top protocols on Hyperliquid L1
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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