Hyperliquid Price Rises 9.82% Amid Binance.US Listing and Revenue Growth
Hyperliquid's price has increased by 9.82% to $36.23, with daily trading volumes rising 76% to $319 million. Key factors include:
- Binance.US listing of Hyperliquid (HYPE) announced, boosting market confidence.
- DEX revenue growth surpassing competitors like Ethereum and Solana.
- All-time high monthly trading volume for May 2025 at 74.97% of the total decentralized perpetual volume.
Recent Whale Activity
A whale purchased 110,824 HYPE tokens for $3.99 million, followed by a leveraged long position. HYPE futures open interest rose 13% to over $1.41 billion. Daily trading volume may push prices past the all-time high of $40.
Price Valuation Insights
The current market cap is $12 billion, with adjusted market cap at $11 billion after accounting for the Asset Fund’s holdings. Hyperliquid generates $2.4 million in daily revenue, totaling about $900 million annually. Analysts suggest a fair value of HYPE between $84 and $105 based on a P/E ratio of 12, lower than broader market averages.