A hypercoaster is any complete circuit roller coaster with a height measuring greater than 200 feet (61 m). The term was first coined by Arrow Dynamics and Cedar Point in 1989 with the release of the first full-circuit hypercoaster in the world, Magnum XL-200. Other roller coaster manufacturers developed their own models with custom names, including Mega Coasters from Intamin, Hyper Coasters from Bolliger & Mabillard, and Hyper-Hybrid Coasters from Rocky Mountain Construction. The competition between amusement parks to build increasingly taller roller coasters eventually led to giga coasters which exceed 300 feet (91 m) and strata coasters which exceed 400 feet (120 m).

Magnum XL-200, colloquially known as simply Magnum, is a steel roller coaster built by Arrow Dynamics at Cedar Point in Sandusky, Ohio. When it opened in 1989, it was the tallest, fastest, and steepest complete-circuit roller coaster in the world as well as the first hypercoaster. Magnum XL-200 held the title of tallest roller coaster in the world until 1994 when Pepsi Max Big One opened at Blackpool Pleasure Beach in the United Kingdom.

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