Tag: Hyperliquid

Hyperliquid price rose to  its highest level in over a month as it touched $38.08. The HYPE is up amid increased trading activity as open interest jumps to over $1.56 billion. Technical indicators on the daily chart suggest a bullish continuation. The Hyperliquid token climbed to a five-week high above $38 on Thursday...

Key Takeaways: Hyperliquid gets the 24-hour oil futures contract transaction amount of about $991 million, much higher than other crypto platforms. In the same time period, Coinbase only has the transaction of approximately $75,000 for similar contracts. This boom indicates that traders are increasingly turning to crypto-native derivatives platforms to approach and trade macro assets.

In less than a year, Hyperliquid captured nearly 10% of BTC and ETH perp volume. It has even surpassed DeFi rivals and is now challenging CEXs. Despite unmatched growth and revenues, HYPE trades at deep discounts to Solana and Ethereum, which has sparked debate over whether it’s severely undervalued. HYPE: The Underdog? Hyperliquid brought in