> ## Documentation Index
> Fetch the complete documentation index at: https://tokenterminal.com/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Hyperliquid

> HyperCore and HyperEVM: the full exchange stack, order books to EVM.

Hyperliquid runs two chains. HyperCore holds the exchange: order books, perpetual and spot markets, keyed `chain_id = 'hypercore'`. HyperEVM is its EVM chain for everything else, keyed `chain_id = 'hyperevm'`.

## Layers

<table>
  <thead>
    <tr>
      <th width="150">Layer</th>
      <th width="150">Chain</th>
      <th width="110">Since</th>
      <th>What it holds</th>
    </tr>
  </thead>

  <tbody>
    <tr>
      <td>Raw</td>
      <td><code>hypercore</code>, <code>hyperevm</code></td>
      <td><strong>In progress</strong></td>
      <td>Standardized blocks, transactions and exchange records for HyperCore; standardized blocks, transactions and logs for HyperEVM.</td>
    </tr>

    <tr>
      <td>Projects</td>
      <td><code>hyperevm</code></td>
      <td>2025-03</td>
      <td>Daily fees, revenue and volume for the Hyperliquid apps running on HyperEVM.</td>
    </tr>

    <tr>
      <td>Projects</td>
      <td><code>hypercore</code></td>
      <td>2025-05</td>
      <td>Daily fees, revenue and volume for the perps and spot apps running on HyperCore.</td>
    </tr>

    <tr>
      <td>Assets</td>
      <td><code>hyperevm</code></td>
      <td>2025-03</td>
      <td>Every curated asset issued on HyperEVM, with daily supply, holders and transfer activity.</td>
    </tr>

    <tr>
      <td>Tokens</td>
      <td><code>hyperevm</code></td>
      <td>2025-02</td>
      <td>Daily USD prices for HyperEVM tokens. Transfers and balance changes are not yet populated for this chain.</td>
    </tr>

    <tr>
      <td>Stablecoins</td>
      <td><code>hyperevm</code></td>
      <td>2025-03</td>
      <td>Stablecoins issued on HyperEVM: supply, holders and transfers.</td>
    </tr>

    <tr>
      <td>Tokenized assets</td>
      <td><code>hyperevm</code></td>
      <td>2025-04</td>
      <td>Tokenized funds and other instruments issued on HyperEVM.</td>
    </tr>

    <tr>
      <td>Perpetuals</td>
      <td><code>hypercore</code></td>
      <td>2025-05</td>
      <td>Perpetual and spot order-book markets, trades, open interest and funding.</td>
    </tr>

    <tr>
      <td>Bridges</td>
      <td><code>hyperevm</code></td>
      <td>2025-03</td>
      <td>Cross-chain transfers that left HyperEVM or arrived on it, matched leg to leg.</td>
    </tr>
  </tbody>
</table>

DEX and Lending carry no rows for either chain, so those layers are absent here rather than shown empty.

## Filtering

`chain_id` reads `hyperevm` for everything running on Hyperliquid's EVM chain, and `hypercore` for the exchange itself. Query the layer's own pages for full column documentation: [Projects](/docs/catalog/projects/index), [Assets](/docs/catalog/assets/index), [Tokens](/docs/catalog/tokens/index), [Stablecoins](/docs/catalog/stablecoins/index), [Tokenized assets](/docs/catalog/tokenized-assets/index), [Perpetuals](/docs/catalog/perpetuals/index) and [Bridges](/docs/catalog/bridges/index).