In the fast-paced world of DeFi, staying ahead means keeping an eye on tools that supercharge your returns. That's why the recent announcement from DefiLlama about tracking Looped Hype (LHYPE) has caught the attention of blockchain enthusiasts and meme token holders alike. If you're into maximizing yields without the hassle, this could be a game-changer.

What Is Looped Hype?

Looped Hype, or LHYPE, is an automated looping protocol built on the Hyperliquid blockchain. In simple terms, looping in DeFi involves using your assets as collateral to borrow more, then reinvesting to amplify your exposure and potential rewards. LHYPE takes this a step further by automating the process specifically for staked HYPE tokens—the native asset of Hyperliquid.

Users deposit their HYPE tokens into the protocol and receive LHYPE in return, which acts as a receipt token known as a Liquid Looping Token (LLT). Behind the scenes, the system handles the looping strategy to generate extra yield on top of the standard staking rewards from the network. This makes it easier for everyday traders and holders to boost their earnings without manually managing positions.

Developed by the Looping Collective, LHYPE aims to optimize returns for HYPE holders, turning what could be a complex strategy into a seamless experience. It's particularly appealing in the meme token space, where volatility meets opportunity, and protocols like this help stabilize and enhance passive income streams.

Key Metrics from DefiLlama

DefiLlama, a leading analytics platform for transparent DeFi data, has added LHYPE to its Fees and Revenue Dashboard, providing real-time insights into its performance. Here's a breakdown of the latest stats:

• Total Value Locked (TVL)​: $46.23 million, all on Hyperliquid L1. This shows strong user adoption and trust in the protocol.
• Annualized Fees: $1.42 million, with $116,161 over the last 30 days.
• Annualized Revenue: $283,430, indicating healthy earnings for the protocol.
• Market Cap: $46.19 million, closely aligned with its fully diluted valuation.
• LHYPE Price: Around $47.83, with a 24-hour trading volume of $481,450 (mostly on DEXes).
• Yields: An average APY of 2.28% across tracked pools, making it a solid option for yield farmers.

These numbers highlight LHYPE's growth since its launch, with quarterly fees peaking at $321,831 in Q2 2025. For meme token investors, this means more ways to leverage HYPE's potential in a ecosystem known for its high-reward plays.

Why This Matters for Meme Token Enthusiasts

While HYPE is the core token of Hyperliquid—a platform famous for perpetual futures trading—it's often buzzed about in meme circles due to its catchy name and community-driven hype. Protocols like LHYPE add utility, turning hype into tangible yields. If you're holding meme tokens or exploring DeFi on emerging chains, tracking tools like DefiLlama help you spot trends early.

This integration not only validates LHYPE's role in the ecosystem but also makes it easier for users to compare it against other yield optimizers. Whether you're a seasoned blockchain practitioner or just dipping your toes into meme tokens, keeping tabs on such developments can sharpen your strategy.

For more details, check out the official Looped Hype page or dive into the DefiLlama dashboard. As the meme token landscape evolves, protocols like this are key to building a richer knowledge base and staying competitive.