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.
Hyperliquid (HYPE) has overtaken XRP in the crypto futures market, now holding the fourth largest open interest at $1.45 billion, compared to XRP's $1.12 billion. This shift indicates growing trader interest in Hyperliquid's derivatives despite a sli...
Bitcoin and Ethereum posted modest gains of around 1.5% on July 18, reaching $64,083 and $1,844 respectively, while overall crypto trading volumes dropped significantly. This decline in spot and derivatives volumes suggests cautious investor sentimen...
Hyperliquid's HYPE token has declined about 24% from its all-time high of $76 to around $59 due to significant selling by whales and institutions, including a major holder offloading $31 million worth in one day. Despite this pressure, HYPE remains a...
Polygon has launched AggLayer, a new system that enables separate blockchain chains to share liquidity and state directly without using traditional bridges. This architecture uses a unified proof mechanism to maintain each chain's sovereignty while a...
Hyperliquid's price dropped below $60 after failing to rebound past $68, declining 11.2% in 24 hours. An a16z-linked wallet moved 471,500 HYPE worth $30.57 million to multiple exchanges, signaling potential selling pressure, though it still holds ove...
