Velodrome Finance vs Hyperliquid

Hyperliquid (HYPE) is 1384.2× the size of Velodrome Finance (VELO) by market capitalisation. Over the past 30 days, VELO is ahead by 14.6 percentage points (VELO +8.6% against HYPE -6.0%). Their daily returns move loosely together (correlation 0.57 across 44 shared trading days). VELO has been the more volatile of the two, at 114% annualised against HYPE's 82%.

Correlation: 0.57
Size ratio: 1 : 1384.2
Ahead over 30 days: VELO

Velodrome FinanceVELO

$0.026818

24h: +3.01%
Market cap: $14.93M
Volume 24h: $16,804
Volatility (ann.): 114%

HyperliquidHYPE

$86.1000

24h: +0.01%
Market cap: $20.66B
Volume 24h: $1.38B
Volatility (ann.): 82%

VELO 0.1%Share of the two combined market caps99.9% HYPE

Performance

VELOHYPE

7 days-12.98%+4.65%HYPE
30 days+8.58%-6.04%VELO

Correlation

0.57over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6190d: 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	VELO	HYPE
Max drawdown (400d)	-31.1%	-18.9%
Risk-adjusted return (90d)	0.28	0.58

Relative strength over 90 days: VELO outperformed HYPE by 25.4% — measured on the VELO/HYPE ratio, so it holds regardless of market direction.

Velodrome Finance →Hyperliquid →