Hyperliquid Achieves New All-Time High of $39 Amid Increased Trading Volume
Hyperliquid has emerged as a leading decentralized finance (DeFi) exchange for perpetual trading. The native HYPE token has increased by over 50% in one week, reaching new all-time highs despite overall market bearishness.
Key Drivers of Hyperliquid's Price Surge
- Increased attention on the platform as crypto investors shift towards decentralized trading.
- Surge in trading volume, with a record $78.672 billion from May 11 to May 18, 2025.
- Highest daily trading volume reached $17.731 billion on May 21, 2025.
- Cumulative trading volume since launch totals $1.156 trillion.
- Open interest surpassed $10.1 billion, indicating growing investor engagement.
- USDC locked on the platform rose to $3.5 billion, generating $22 million in fees over one week.
- Active participation from crypto whales, with significant purchases of HYPE observed.
The ongoing buying pressure suggests potential for further price increases before any corrections occur.
