HYPE to ETH: Hyperliquid vs Ethereum in rupee terms
1 HYPE =
0.032467 ETH
1 HYPE = ₹7,358.88 · 1 ETH = ₹2,26,660 · 1 ETH = 30.801 HYPE
Snapshot 23 October 2026; updating to live…
Over the 12 months to 23 Oct 2026, Hyperliquid gained 210.9% against ETH: the ratio went from 0.010411 ETH to 0.032371 ETH per HYPE. In rupees, HYPE rose 108.7% (from ₹3,526.84 to ₹7,360.29) while ETH fell 32.9% (from ₹3,38,773.75 to ₹2,27,374.14).
The pair in numbers
- Highest ratio: 0.041495 ETH on 30 Jun 2026. Lowest: 0.0071696 ETH on 21 Jan 2026. Today's ratio is 22.0% below the high.
- Change against ETH: -8.3% over 30 days, +4.9% over 90 days, +210.9% over 12 months.
- ₹1 lakh put into HYPE on 24 Oct 2025 would be worth about ₹2,08,694 now; the same in ETH, about ₹67,117 (before fees, spreads and tax).
- Daily moves: correlation 0.53; a 1% move in ETH came with about 0.77% in HYPE on average. Volatility about 89% a year for HYPE and 61% for ETH.
- HYPE gained against ETH on 187 of 364 days (51%).
Month-end ratio
| Month | ETH per HYPE | Change | HYPE (₹) | ETH (₹) |
|---|---|---|---|---|
| Oct 2026 (so far) | 0.032371 | +0.7% | ₹7,360.29 | ₹2,27,374.14 |
| Sept 2026 | 0.032137 | -3.0% | ₹8,264.59 | ₹2,57,165.06 |
| Aug 2026 | 0.033129 | +13.8% | ₹7,634.9 | ₹2,30,462.35 |
| Jul 2026 | 0.029121 | -29.8% | ₹5,343.26 | ₹1,83,482.9 |
| Jun 2026 | 0.041495 | +22.9% | ₹6,323.34 | ₹1,52,387.91 |
| May 2026 | 0.033759 | +90.4% | ₹6,484.78 | ₹1,92,088.32 |
| Apr 2026 | 0.017727 | -2.6% | ₹3,785.68 | ₹2,13,551.55 |
| Mar 2026 | 0.018197 | +28.2% | ₹3,443.16 | ₹1,89,214.3 |
| Feb 2026 | 0.01419 | +25.4% | ₹2,495.65 | ₹1,75,879.55 |
| Jan 2026 | 0.011312 | +29.4% | ₹2,803.27 | ₹2,47,810.29 |
| Dec 2025 | 0.0087411 | -24.0% | ₹2,334.39 | ₹2,67,060.17 |
| Nov 2025 | 0.011503 | -3.8% | ₹3,073 | ₹2,67,139.92 |
| Oct 2025 | 0.011952 | — | ₹4,036.8 | ₹3,37,736.88 |
How this ratio is worked out, and its limits
The ratio is Hyperliquid's daily rupee close divided by Ethereum's on the same UTC day, both from CoinGecko's global INR averages (365 shared days). It is not a quote from any exchange's HYPE/ETH order book: real pair quotes include spreads and fees, and Indian exchange prices can sit above or below the global average. Past ratios do not predict future ones. Full method: methodology.
Swapping HYPE for ETH is a taxable transfer in India: Schedule VDA guide · tax calculator.
FAQ
How much is 1 HYPE in ETH?
At the 23 October 2026 snapshot, 1 Hyperliquid (HYPE) was worth 0.032467 ETH, because 1 HYPE cost ₹7,358.88 and 1 ETH cost ₹2,26,660. Put the other way, 1 ETH = 30.801 HYPE. The live ratio at the top of this page refreshes every 60 seconds.
Live now: — (refreshes every 60 seconds)
Did HYPE beat ETH over the last year?
In rupee terms Hyperliquid went up 108.7% and Ethereum down 32.9% between 24 Oct 2025 and 23 Oct 2026, so HYPE gained 210.9% against ETH (daily closes, UTC). ₹1 lakh in HYPE would have become about ₹2,08,694; in ETH, about ₹67,117.
Is swapping HYPE for ETH taxed in India?
Yes. A crypto-to-crypto swap is a transfer of a virtual digital asset, so any gain on the HYPE you give up, valued in rupees at the time of the swap, is taxed at 30% plus 4% cess, losses cannot be set off, and 1% TDS can apply to the transfer. Keep the INR value of both legs for your Schedule VDA.
Can I trade HYPE directly against ETH in India?
It depends on the exchange. This page does not check listings. If your exchange has no direct HYPE/ETH market you would go through INR or USDT, which means two trades, two sets of fees and two taxable transfers.