Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Former Indian Politician Convicted in Bitcoin Extortion Case

01/09/2025

Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

01/09/2025

StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

01/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum Price Aims at $5,000 As Exchange Balance Falls To 9-Year Low

    31/08/2025

    The 7 Largest Publicly Traded Ethereum Treasury Firms

    31/08/2025

    How a Hyperliquid Trader Made $30 Million in Just 4 Months

    31/08/2025

    Ethereum Rainbow Chart predicts ETH price for August 31, 2025

    31/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Nike, StockX End Trademark Clash Over NFTs and Fake Shoes

    01/09/2025

    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

    31/08/2025

    PENGU token loses 20% in August amid Pudgy Party game launch

    30/08/2025

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    27/08/2025

    Former Indian Politician Convicted in Bitcoin Extortion Case

    01/09/2025

    Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

    01/09/2025

    StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

    01/09/2025

    US Lawmakers Visit Europe to Boost Digital Asset Rules, Monetary Policy Ties

    01/09/2025
  • Blockchain

    Web3 Social Platform TomTalk Integrates NexFi Wallet for Crypto Transactions, Stablecoin Trades

    01/09/2025

    House Party Protocol and Orbiter Finance Ally to Accelerate AI-Native Economy

    01/09/2025

    Zoro Joins HIVE Intelligence to Bring Blockchain Intelligence to AI Developers

    01/09/2025

    Sony’s Soneium Debuts Scoring System to Record Onchain Participation

    01/09/2025

    SoonChain Taps Veritas to Offer AI-Driven Web3 Security

    01/09/2025
  • DeFi

    Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

    01/09/2025

    Jupiter Launches Public Beta of Lending Platform on Solana

    01/09/2025

    Base Crosses $200 Billion Trade Volume On Uniswap

    01/09/2025

    Is TON’s DeFi ready to lead a true financial revolution?

    01/09/2025

    Aave (AAVE) Reclaims $300 as V4 Beta May Unlock Cross-Chain Liquidity, GHO Stablecoin and Uniswap V4 Borrowing

    01/09/2025
  • Metaverse

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025

    The Sandbox Game Maker: Unleashing Revolutionary Metaverse Experiences

    07/08/2025

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025
  • Regulation

    StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

    01/09/2025

    Momentum builds around ETH treasury companies

    01/09/2025

    Bitcoin’s biggest Wall Street backer takes the wheel at World Economic Forum

    01/09/2025

    Bullish Becomes First Digital Asset Exchange to List on NYSE

    01/09/2025

    S&P Dow Jones in talks to bring tokenized indexes to exchanges, DeFi: Exec

    01/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Huobi to Launch Trump-Backed DeFi Token $WLFI

    01/09/2025

    21Shares Launches Hyperliquid ETP on SIX Swiss Exchange

    01/09/2025

    VivoPower expands Crypto.com partnership with new shareholder incentives

    01/09/2025

    SBI Launches Bitcoin Services for 3D Housing Pioneer

    01/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    The Biggest Games Releasing in September 2025

    31/08/2025

    OKX Wallet Taps Shaga to Offer Secure Web3 AAA Gaming

    31/08/2025

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    29/08/2025

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    28/08/2025

    Ruihe Shuzhi Technology Partners with Bitmain for Bitcoin Cloud Mining

    01/09/2025

    A Remarkable 89.2 BTC Mined in Seven Days

    31/08/2025

    Bitcoin Miners Make a Sextillion Hashes per Second the New Standard

    30/08/2025

    Bitcoin Hashrate Rockets to New Heights, Smashing Through 980 EH/s Barrier

    30/08/2025

    Former Indian Politician Convicted in Bitcoin Extortion Case

    01/09/2025

    US Lawmakers Visit Europe to Boost Digital Asset Rules, Monetary Policy Ties

    01/09/2025

    Details Emerge on New Bill to Regulate the Cryptocurrency Market in the US

    01/09/2025

    Japan’s SEC Announces Major Reforms for the Country’s Cryptocurrency Sector

    01/09/2025

    Former Indian Politician Convicted in Bitcoin Extortion Case

    01/09/2025

    Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

    01/09/2025

    StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

    01/09/2025

    US Lawmakers Visit Europe to Boost Digital Asset Rules, Monetary Policy Ties

    01/09/2025
  • MarketCap
NBTC News
Home»Exchanges»Hyperliquid Surpasses $1 Trillion in Perps Volume, but HYPE Token Continues to Struggle
Exchanges

Hyperliquid Surpasses $1 Trillion in Perps Volume, but HYPE Token Continues to Struggle

NBTCBy NBTC20/03/2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Decentralized perpetual exchange (DEX) Hyperliquid (HYPE) has reached a significant milestone, surpassing $1 trillion in total perpetual contract (perps) trading volume.

This achievement comes despite a broader market downturn, where major sectors have posted losses. While there has been slight growth today, it remains minimal, highlighting the market’s challenges.

Hyperliquid Dominates Perps Market

According to data from DeFiLlama, Hyperliquid perps’ cumulative trading volume has surged to $1.1 trillion. This rise in activity highlights its growing appeal among traders.

Furthermore, as reported by Dune Analytics, weekly volumes have ranged between $40 billion and $50 billion. In fact, the platform now commands over 60% of the market share among perps platforms, solidifying its position as a powerhouse in decentralized finance (DeFi).

Hyperliquid Market Share. Source: Dune

Besides its market dominance, Hyperliquid has made headlines for being central to a major development. As BeInCrypto reported, the platform gained widespread attention after a whale trader opened a 40x leverage BTC short position worth $423 million, triggering a “whale hunt.”

Nonetheless, the developments have not done much for the platform’s native token, HYPE. Instead, it has been underperforming, maintaining a consistent downtrend.

Hyperliquid (HYPE) Price Performance. Source: BeInCrypto

Over the past day, it has depreciated by 3.4%. At press time, it traded at $12.9, marking lows not seen since December 2024. Moreover, the platform has faced increased scrutiny following concerns about potential money laundering.

Analyst Forecasts: Will HYPE Reach $100?

Despite these struggles, an analyst predicted that HYPE could reach $50-$100, citing its status as the leading crypto DEX and its high-throughput Layer 1 blockchain.

In the latest X (formerly Twitter), he highlighted Hyperliquid’s impressive growth. The platform averages $6.7 billion in daily volume, a significant increase from $1.1 billion in October. This surge has increased its market share relative to Binance, jumping from 2% to 9% in just six months.

“If Hyperliquid can maintain just a fraction of its growth rate, we could see it reach ~20% of Binance’s volumes by the end of the year,” the post read.

Hyperliquid Growth Compared to Binance. Source: X/Duncan

According to the analyst, this expansion could significantly boost the HYPE token’s valuation.

“If Hyperliquid is able to reach 20% of Binance’s volume, I think we could easily see $40-50 HYPE with the uptick in earnings and a slight multiple expansion,” he said.

He also highlighted several factors that could fuel Hyperliquid’s continued success. The recent addition of native spot Bitcoin (BTC) trading, coin margin functionality, and the possibility of launching a delta-neutral stablecoin are seen as major catalysts for future growth.

Another key development is the evolution of Hyperliquid’s Layer 1 blockchain ecosystem. The platform has attracted over 50 projects and holds over $2.3 billion in USDC and BTC deposits.

The analyst added that Hyperliquid has a strong potential to establish itself as the third most used blockchain, following Ethereum (ETH) and Solana (SOL), within the next few years.

“Given ETH and SOL are worth $230 billion and $75 billion, respectively what does that make Hyperliquid’s potential L1 valuation? Even at 15-25% of ETH or SOL, that adds another $10-50 to the token price. $50 for the perps/spot/stablecoin product + another $50 for the L1 and $100 HYPE seems possible,” he predicted.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Huobi to Launch Trump-Backed DeFi Token $WLFI

01/09/2025

21Shares Launches Hyperliquid ETP on SIX Swiss Exchange

01/09/2025

VivoPower expands Crypto.com partnership with new shareholder incentives

01/09/2025

SBI Launches Bitcoin Services for 3D Housing Pioneer

01/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Former Indian Politician Convicted in Bitcoin Extortion Case

01/09/2025

Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

01/09/2025

StablesLabs Praises Citibank’s Plan to Move into Stablecoin & Crypto ETF Custody, Payment Offerings  

01/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.