Hyperliquid's decentralized exchange saw its perpetual volume halve from $84B to $43B in less than three weeks, while total Open Interest dropped by $10B in July. Revenue also fell threefold from $23M to $7.5M weekly, leading to a sharp decline in HYPE token buybacks and a 19% price drop from $73 to $58. Institutional interest, including from a16z and U.S. Spot HYPE ETFs, has cooled, raising concerns about the token's near-term support levels around $60 and potentially $48-$54 if the decline continues. Despite recent losses, Hyperliquid remains an outlier with strong past returns, but its recovery depends on renewed investor risk appetite.
On September 8, US-listed XRP ETFs saw the largest inflows among 12 spot crypto fund groups, gaining $1.55 million, while only Hedera also recorded inflows. In contrast, Bitcoin, Ethereum, and Solana ETFs experienced significant outflows totaling $71...
Hyperliquid (HYPE) price held close to its all-time high of $89.57 after a volatile period that included an $820 million token unlock on September 6. Despite the large unlock, selling pressure was limited, supported by strong demand from the protocol...
Renzo Protocol has introduced Renzo Basis, an automated delta-neutral yield strategy on Hyperliquid, a high-volume on-chain perpetual futures exchange. The strategy involves executing basis trades by buying assets on the spot market and shorting perp...
Hyperliquid's total open interest reached $14.3 billion, nearly matching the $14.7 billion before the October 10, 2025 crash, when it had dropped 56% in a day. This recovery reflects a shift in market composition, with permissionless HIP-3 markets no...
Galaxy Digital and a whale transferred nearly $27.78 million worth of Hyperliquid (HYPE) tokens to exchanges, increasing supply pressure. Despite this, overall spot outflows remain negative, suggesting some accumulation. The price stays within a risi...
