Hyperliquid Records $29 Billion Daily Trading Volume and HYPE Price Surge
Hyperliquid Trading Milestone
- Hyperliquid recorded a 24-hour trading volume of $29 billion, generating $7.7 million in daily fees.
- Total value locked (TVL) nearly doubled to $610 million over four months.
- Fees generated in the past 30 days reached $97.7 million, accounting for approximately 35% of blockchain fee revenue.
- The platform's market share against centralized exchanges (CEXs) hit an all-time high this month.
Performance of HYPE Token
- The native token HYPE trades at $47.21, 5% below its record high of $49.86.
- HYPE has increased by 13% over the past week, adding about $2 billion to its market capitalization.
- In the last year, Hyperliquid facilitated $1.57 trillion in trading volume and reported over $300 million revenue in Q2 2025.
Future Plans and Market Strategy
- Hyperliquid aims to expand into spot trading and permissionless liquidity provision.
- 388.88 million HYPE tokens are allocated for community rewards to enhance developer engagement and user retention.
Price Analysis
- The HYPE price chart indicates positive momentum with resistance near $50.
- Bollinger Bands suggest strong buying pressure but potential short-term resistance at $49.50.
- MACD shows bullish crossover and rising histogram bars indicate upward momentum.
Institutional Adoption
- Hyperliquid is gaining institutional interest due to its Layer-1 infrastructure for derivatives trading.
- Sonnet BioTherapeutics announced an $888 million merger with Rorschach I LLC to establish a HYPE treasury.