Giant Volume on Hyperliquid Contributing Significantly to HYPE Token's Approach to All-Time High Price
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Hyperliquid, the leading player in the decentralized perpetual futures trading space, has experienced remarkable growth and market dominance in 2025. With a total value locked (TVL) that surged by over 70% in the first half of the year, Hyperliquid has established itself as a significant player in the crypto market.
The platform's daily trading volume has reached an impressive $1.56 billion, rivaling top centralized exchanges. Open positions on Hyperliquid neared 200,000, and open interest exceeded $15 billion. These figures demonstrate Hyperliquid's strong position in the market.
Key metrics for Hyperliquid include:
- Total Value Locked (TVL): Hyperliquid's blockchain, HyperEVM, entered the top 10 networks by TVL within months, reflecting substantial growth and user activity on-chain.
- Trading Volume: Daily volumes on Hyperliquid reached $1.56 billion, matching leading centralized exchanges, with open positions nearing 200,000 and open interest above $15 billion.
- Fees and Tokenomics: Annualized fees are projected to surge drastically, with current protocol-generated fees already capturing around $1.2 billion yearly and expected to reach $258 billion within three years. This significant revenue largely fuels HYPE’s deflationary buyback model, which allocates 97% of fees to token buybacks, reducing circulating supply and enhancing scarcity.
- Market Dominance: Hyperliquid dominates decentralized perpetual futures with 74-75% market share, a leading position that benchmarks its influence in the DeFi derivative space.
- Institutional Adoption: Custody solutions via Anchorage Digital and growing assets under management ($5.5 billion growth in July 2025) facilitate regulated institutional participation, potentially stabilizing demand and boosting liquidity.
- Innovations Supporting Growth: AI trading beta launched recently supports automated cross-chain strategies, expected to attract high-frequency traders and increase protocol revenues and fee generation.
- Exchange Listings and Market Presence: HYPE perpetual contracts listed on Binance US and spot trading on Bitrue, with expectations for further top-tier exchange listings, boosting accessibility and liquidity.
Hyperliquid's native HYPE token currently trades at $47.21, 5% below its all-time high. The RSI on the daily chart of HYPE shows positive momentum, yet it is not overbought. Rising histogram bars reinforce the bullish momentum of HYPE, and the MACD recently turned bullish, with the MACD line crossing above the signal line. The nearest resistance for HYPE is near $50, with immediate support at $42.
Over the past year, Hyperliquid handled $1.57 trillion in trading volume. In the last 30 days, users generated $97.7 million in fees on Hyperliquid. The platform posted over $300 million in revenue during the second quarter of 2025. The HYPE token currently trades along the upper Bollinger Band, indicating strong buying interest.
Hyperliquid's $29 billion daily volume solidifies its position in the top tier of the cryptocurrency market. Analysts predict HYPE could soon hit a new all-time high. In the past week, the HYPE token climbed 13%, adding $2 billion to its market capitalization. Hyperliquid plans to expand into spot trading and permissionless liquidity provision.
Recently, Hyperliquid transitioned from Arbitrum to a custom high-speed Layer-1 network. The platform generated $7.7 million in daily fees. A total of 388.88 million HYPE tokens have been allocated for community rewards.
While macroeconomic uncertainties and competitive pressures remain potential risks, the current trajectory suggests Hyperliquid could consolidate as a foundational platform in the decentralized finance ecosystem.
[1] Hyperliquid's Q2 2025 Report [2] State of the DEX Market Report Q2 2025 [3] DeFi Pulse Report Q2 2025 [4] Hyperliquid's Press Release on Institutional Adoption and Innovations, July 2025
- Hyperliquid's remarkable growth in 2025 and market dominance can be attributed to its success in the altcoins market, as indicated by its native HYPE token's trading volume and the total value locked (TVL) on its blockchain.
- Theplatform's strong position in the cryptocurrency market is evidenced by its daily trading volume of $1.56 billion, which rivals top centralized exchanges, and its large-scale involvement in the blockchain technology space, with open positions nearing 200,000 and open interest exceeding $15 billion.
- Investing in Hyperliquid's HYPE token could be interesting for those interested in cryptocurrency and decentralized finance (DeFi), given the token's bullish momentum and expected market dominance, as well as the platform's plans to expand into spot trading and permissionless liquidity provision.
- Thesignificant revenue generated by Hyperliquid largely fuels its deflationary buyback model, which reduces the circulating supply of the HYPE token, enhancing its scarcity and potentially increasing its value in the crypto market.
