ETH
Markets on Hyperliquid (5)
About ETH
Programmable blockchain platform — the foundation for smart contracts, DeFi, and the EVM ecosystem.
CryptoEthereum is a programmable blockchain platform that supports smart contracts, enabling developers to build decentralized applications spanning finance, gaming, identity, and governance. After transitioning from proof-of-work to proof-of-stake in September 2022 (The Merge), the network drastically reduced its energy consumption and introduced validator staking as the consensus mechanism. Ethereum's native token ETH serves as both the network's gas currency for transaction fees and a staking asset that secures the chain. The platform hosts the largest ecosystem of decentralized finance (DeFi) protocols, NFT marketplaces, and layer-2 scaling networks. EIP-1559 introduced a base fee burn mechanism that makes ETH supply dynamics partially deflationary during periods of high network usage. For traders, ETH is the second most liquid crypto perpetual and a key gauge of smart-contract platform adoption, DeFi activity, and the broader altcoin market cycle.
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Price Action
ETH core perpetual
Perp Comparison (3)
Same-side comparison across all Hyperliquid perp venues offering ETH. Spot markets are listed separately and do not compete here.
Default Hyperliquid fee schedule shown; connect or watch an address for account-adjusted fees.
| Venue | Type | Mid | Spread | Funding | Maker | Taker | Lev | Cross | Collateral | 24h Vol | OI | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Perps ETH | Perp | $2,023.1 | 0.002% | +0.0013% | 0.0150% | 0.0450% | 25x | Yes | USDC | $1.12B | $1.28B | Trade |
| HyENA hyna:ETH | HIP-3 | $2,022.75 | 0.007% | -0.0011% | 0.0300% | 0.0810% | 25x | Yes | USDe | $1.9M | $4.0M | Trade |
| Dreamcash cash:ETH | HIP-3 | $2,184.00 | 0.000% | 0.0000% | 0.0300% | 0.0900% | 40x | Yes | USDT | $0.00 | $0.00 | Trade |
Spot Comparison (2)
Same-side comparison across all Hyperliquid spot markets quoting ETH.
Default Hyperliquid fee schedule shown; connect or watch an address for account-adjusted fees.