Key Takeaways:
- Hyperliquid has become the top onchain perpetuals exchange, posting over $1.57 trillion in trading volume in 12 months.
- HYPE token is one of 2025’s best performers, rising 1140% amid growing adoption and technical strength.
- A potential breakout to $48 is on the horizon, with bullish momentum building across key indicators.
Decentralized derivatives exchange Hyperliquid has set a new benchmark in onchain trading, recording $1.571 trillion in perpetual futures volume over the past 12 months. According to Sealaunch data on Dune Analytics, the platform has also generated $56 million in revenue in June alone, pushing total cumulative revenue to $310 million.
In May, Hyperliquid saw an eye-popping $248 billion in volume, followed by $208 billion in June, outperforming all other onchain perpetual platforms, which collectively managed $140 billion in the same period.
HYPE Token Growth Fueled by Airdrop and HyperEVM Expansion
A key catalyst behind Hyperliquid’s growth was its $1.2 billion HYPE token airdrop in late 2024. The massive distribution helped onboard new users and deepen liquidity across the platform. Since then, the protocol has established itself as a dominant force in decentralized perpetuals.
Additionally, the launch of HyperEVM, an Ethereum-compatible virtual machine, has allowed developers to deploy dApps seamlessly—extending Hyperliquid’s reach into DeFi infrastructure.
HYPE Token Surges 1140% Since Launch
HYPE, the native token of Hyperliquid, has gained 1140% since launch and is trading near $39.69 at the time of writing. The token has added 27% in June alone, pushing its market cap over the $2 billion mark.
With bullish technical indicators such as tightening Bollinger Bands, an RSI trending higher, and an impending MACD crossover, traders are eyeing a potential breakout to $48 in the near term. However, key support remains at $38, followed by $35 and $33.50 if momentum falters.
Can HYPE Reach $100?
This is the best advertising for $HYPE.
— Arthur Hayes (@CryptoHayes) May 21, 2025
Let's take this mother fucker to $100.
Yachtzee https://t.co/LYru8GfB8t
Crypto influencer Arthur Hayes has speculated that HYPE could rally to $100, especially if social buzz and trader engagement—particularly from figures like James Wynn—continues to surge.
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 Whale Makes $13M as HYPE Hits New High
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
