Hyperliquid, a Layer 2 derivatives exchange, is approaching its all-time high as its native token HYPE has surged 90-100% in the past month. The platform's derivatives open interest reached $9.4 billion, a 53% increase from earlier highs, with cumulative trading volume surpassing $330 billion, exceeding Robinhood's volume. Hyperliquid captures about 31% of total blockchain revenue and 43% of crypto fee revenue, supported by high daily trading volumes and institutional-grade infrastructure. However, the heavy leverage and concentrated revenue expose investors to risks if the crypto market reverses, potentially causing rapid price swings due to liquidations.
A wallet linked to Grayscale has accumulated over $10 million in Hyperliquid's native token, HYPE, through major trading firms and OTC desks, driving a significant price rally. This institutional accumulation suggests strategic positioning rather tha...
Trading volume for HYPE ETFs from Bitwise and 21Shares surged 50%, bringing in $25.5 million in net inflows during one session, driven by strong institutional interest. The HYPE token soared 120% since January 1st, supported by a short squeeze after ...
Bitcoin trades around $77,801 with a modest 0.78% gain, while Ethereum remains near $2,134, reflecting a cautious crypto market influenced by macroeconomic factors like the dollar index, Treasury yields, and Federal Reserve policy expectations. The t...
Hyperliquid's HYPE Spot ETFs have experienced strong buying demand since their debut, with ETF inflows surpassing the platform's own Assistance Fund buy-and-burn activity by about 2.5 times in the first six trading sessions. This demand has outpaced ...
Hyperliquid, a derivatives-focused decentralized exchange launched less than a year ago, now has a fully diluted valuation (FDV) of about $49.7 billion, surpassing Solana's FDV. Despite its market cap of $12.3 billion, most of Hyperliquid's token sup...
