Chapsa hypoconstictica is a species of corticolous (bark-dwelling), crustose lichen-forming fungus in the family Graphidaceae. It is a small, light gray-green lichen known only from lowland tropical rainforest in Madre de Dios, Peru, where it grows on tree bark. The species was described in 2012 and is distinguished from related species by containing hypostictic acid as its only lichen substance.