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Comparison

Hyperliquid vs Sky

A side-by-side look at Hyperliquid (HYPE) and Sky (SKY) — live price, market capitalization, supply, all-time records and project fundamentals. Figures refresh hourly from public market data. For informational purposes only; not financial advice.

Side by side Source CoinPaprika Updated hourly
Hyperliquid HYPE
Rank #9
$68.11
-10.24% 24h
Market cap
$22.74B
24h volume
$858.80M
Sky SKY
Rank #56
$0.05633926
-4.85% 24h
Market cap
$1.31B
24h volume
$6.18M

Hyperliquid vs Sky: Key Metrics

Metric HYPE SKY
Market cap rank #9 #56
Price $68.11 $0.05633926
Market capitalization $22.74B $1.31B
24-hour trading volume $858.80M $6.18M
24-hour change -10.24% -4.85%
Circulating supply 222,445,714 23,287,393,664
Maximum supply 1,000,000,000 23,462,665,147
All-time high $76.70 $0.100535
All-time low $3.81 $0.03582727
Genesis / launch
Hashing algorithm
Categories tracked 10 5

Bold values mark the larger figure for size-based metrics (market cap, volume). Larger is not inherently “better.”

What Are Hyperliquid and Sky?

Hyperliquid HYPE

Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading. Beyond its flagship DEX trading platform, the ecosystem supports borrowing, lending, real world assets (RWAs), and a full-fledged Ethereum Virtual Machine (EVM), making it a leading force in decentralized finance (defi). Just as electronic trading dramatically improved markets in the 2000s, Hyperliquid offers an opportunity for a massive technical upgrade of the existing financial system through a transparent, efficient, and resilient blockchain. HYPE is the native token of the Hyperliquid blockchain, with a maximum supply of 1 billion.

Full Hyperliquid profile →

Sky SKY

SKY is a governance token, which is like a digital voting share, for Sky Protocol. This system launched in 2024 as a rebrand and upgrade of the older Maker Protocol. Sky Protocol’s main value lies in giving users a simple, secure way to trade, save, and earn rewards without ever giving up control of their funds. It is built around a stablecoin called USDS, which is always worth one US dollar, but it is completely decentralized.

Full Sky profile →

Category Overlap

How Hyperliquid and Sky are classified by CoinPaprika, and where they overlap.

Shared
Decentralized Finance (DeFi)Governance
Hyperliquid only
Decentralized Exchange (DEX)Smart Contract PlatformExchange-based TokensDerivativesPerpetualsLayer 1 (L1)Proof of Stake (PoS)Hyperliquid Ecosystem
Sky only
Ethereum EcosystemStablecoin IssuerHydration Ecosystem

Hyperliquid vs Sky FAQ

Which has a bigger market cap, Hyperliquid or Sky?
Hyperliquid has the larger market capitalization ($22.74B) compared with Sky ($1.31B), roughly 17.4× larger.
What do Hyperliquid and Sky have in common?
Both are classified by CoinPaprika under: Decentralized Finance (DeFi), Governance.
Is Hyperliquid or Sky a better investment?
We don’t provide financial advice or price predictions. This page compares factual market data only. Which asset suits you depends on your own research, goals and risk tolerance — always do your own due diligence before investing.

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