Abstract: This article aims to examine the functioning of the hyperlinks in the hypertexts and to discuss how they help to do the semantic, cognitive and interactional references. Hyperlinks are the fundamental instruments of the eletronic texts; they allow to come to one’s mind the bigger interconnection of texts, informations and knowledges of the world. They are vetorial-deitic elements that move the reader to the other virtual pages and hypertexts so fastly and economically. They achieve a complex process of auto and hetero-referenciation: co-hypertext and pan-hypertext. Then, the hyperlinks present to browsers and readers one different way to make referenciation. How this happens in the hypertext? This paper will try to show it.