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- HYPE gained 7% daily, building on a 31% weekly surge.
- Network inflows hit $25M with TVL surpassing $2.4B.
- Record revenue and staking rewards signal long-term strength.
Hyperliquid’s native token, HYPE, extended its strong rally this week, climbing another 7% in the past 24 hours to trade near $47—just shy of its all-time high. The move builds on last week’s 31% surge, reflecting growing investor confidence and capital inflows into the fast-rising Layer 1 network.
Capital and Participation Surge Across the Ecosystem
Over the past seven days, Hyperliquid attracted $25 million in stablecoin inflows, according to Lookonchain data. The network’s Total Value Locked (TVL) also crossed $2.41 billion, ranking it as the ninth-largest blockchain overall and seventh among Layer 1s.
Its perpetual trading protocol mirrored this momentum, with trading volume jumping 35.9% to $58.08 billion in a week—while rivals like Aster recorded mild outflows. The data underscores a clear migration of traders and liquidity providers toward Hyperliquid’s growing ecosystem.
Record Revenues and Staking Rewards Fuel Confidence
The network’s surging trading activity also translated into profits. Hyperliquid generated $20.19 million in weekly revenue, making it the third-highest revenue-generating protocol—and the most profitable excluding stablecoin issuers like Tether and Circle.
Meanwhile, HYPE stakers earned $90 million in rewards this month, reinforcing long-term holder confidence and reducing short-term sell pressure. These combined factors continue to support the asset’s bullish trajectory.
Technical Setup Points to Possible Breakout
On the charts, HYPE faces a key resistance zone between $47.36 and $48.88, a level that has triggered four prior pullbacks. However, with the Money Flow Index (MFI) at 63.37, indicating strong inflows, traders appear optimistic about a breakout.
If HYPE decisively clears this resistance, it could retest its all-time high near $59. Failure to break through might see a temporary retracement—but the broader sentiment remains firmly positive.
Hyperliquid’s blend of capital inflows, growing network activity, and strong staking yields paints a bullish picture. Unless resistance proves too strong, HYPE could soon reclaim its record high and cement its position among the market’s leading Layer 1 performers.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Hyperliquid HYPE Surges 12% on $1B Acquisition Plan: Key DeFi Breakout Ahead
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