8lends vs Hyperliquid

Hyperliquid (HYPE) is 26745.1× the size of 8lends (8LNDS) by market capitalisation. Over the past 30 days, HYPE is ahead by 11.6 percentage points (8LNDS -17.7% against HYPE -6.0%). Their daily returns move barely together (correlation 0.01 across 27 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against 8LNDS's 47%.

Correlation: 0.01
Size ratio: 1 : 26745.1
Ahead over 30 days: HYPE

8lends8LNDS

$0.017035

24h: —
Market cap: $757,474
Volume 24h: —
Volatility (ann.): 47%

HyperliquidHYPE

$84.6400

24h: -1.82%
Market cap: $20.26B
Volume 24h: $1.41B
Volatility (ann.): 82%

8LNDS 0.0%Share of the two combined market caps100.0% HYPE

Performance

8LNDSHYPE

7 days-9.33%+4.65%HYPE
30 days-17.65%-6.04%HYPE

Correlation

0.01over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	8LNDS	HYPE
Max drawdown (400d)	-19.3%	-18.9%
Risk-adjusted return (90d)	-0.31	0.58

Relative strength over 90 days: HYPE outperformed 8LNDS by 20.6% — measured on the 8LNDS/HYPE ratio, so it holds regardless of market direction.

8lends →Hyperliquid →