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Hyperliquid (HYPE) ranks top 10 in crypto market cap lists with $20B valuation amid supply differences.

Market News
20 Oct 2026
Tokenpost
View Source
Neutral
Hyperliquid (HYPE) ranks top 10 in crypto market cap lists with $20B valuation amid supply differences.

On October 20, Hyperliquid (HYPE) was ranked ninth on one crypto market capitalization list and 11th on another due to differences in circulating supply estimates. The first list valued HYPE at about $20.2 billion, close to Zcash (ZEC) at $20.2 billion, while the second list valued HYPE at $17.79 billion. The discrepancy in rankings stems from different token supply counts and the inclusion of other assets like Figure Heloc (FIGR_HELOC) in one list but not the other. HYPE operates as the gas token for Hyperliquid's on-chain trading platform, contrasting with ZEC's focus on privacy-focused payments.

As of Oct 21, 2026 03:03 WIB, Hyperliquid (HYPE) trades at Rp1.442.371 on Pluang, showing a 3.12% gain in the last day with a market cap of Rp364,23 trillion. Meanwhile, Zcash (ZEC) is priced at Rp21.785.899, up 7.76% in 24 hours, with a market cap of Rp7,04 trillion. Notably, HYPE's circulating supply on Pluang is 253.9 million out of 950.7 million tokens, reflecting the partial supply figures that contribute to ranking differences in market cap lists.

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