TONNEL Network vs Hyperliquid

TONNEL Network (TONNEL) and Hyperliquid (HYPE) compared side by side. Over the past 30 days, HYPE is ahead by 30.2 percentage points (TONNEL -36.3% against HYPE -6.0%). Their daily returns move barely in opposite directions (correlation -0.12 across 28 shared trading days). TONNEL has been the more volatile of the two, at 98% annualised against HYPE's 82%.

Correlation: -0.12
Ahead over 30 days: HYPE

TONNEL NetworkTONNEL

$0.306134

24h: -0.45%
Market cap: —
Volume 24h: $1,017
Volatility (ann.): 98%

HyperliquidHYPE

$83.5600

24h: -1.22%
Market cap: $20.12B
Volume 24h: $1.41B
Volatility (ann.): 82%

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

Performance

TONNELHYPE

7 days-7.86%+4.65%HYPE
30 days-36.29%-6.04%HYPE

Correlation

-0.12over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	TONNEL	HYPE
Max drawdown (400d)	-36.3%	-18.9%
Risk-adjusted return (90d)	-0.37	0.58

Relative strength over 90 days: HYPE outperformed TONNEL by 34.3% — measured on the TONNEL/HYPE ratio, so it holds regardless of market direction.

TONNEL Network →Hyperliquid →