Hyperliquid Hits $400B Trading Volume and $100M Revenue as HYPE Price Eyes $5...
Hyperliquid is slowly building a name within the decentralized finance (DeFi) sector. In August, the platform recorded nearly $400 billion in perpetual trading volume and more than $106 million in revenue, according to DefiLlama. Related Reading: Ethereum price Crash To $4,081: Why The Bears Are In Charge This milestone not only cements Hyperliquid’s dominance in the decentralized perpetuals market, where it now controls around 70% of market share, but also signals growing adoption by both retail and institutional investors. A key driver of this success is its proprietary HyperEVM....
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Lion Group Holding Ltd. (NASDAQ: LGHL), a Singapore-based trading platform operator, has announced a bold shift in its crypto treasury strategy. The company is phasing out its holdings of 6,629 Solana (SOL) and roughly 1 million Sui (SUI) in favor of Hyperliquid (HYPE). Related Reading: Bitcoin Could Hit $150K By Christmas, Analysts Tell Michael Saylor Rather than executing a single large trade, LGHL is adopting a phased accumulation plan designed to manage volatility and secure a better average entry price. The decision comes shortly after LGHL revealed plans to anchor its $600 million....
Hyperliquid has quickly become a main character in the crypto space after it became the leading decentralized finance (DeFi) exchange for perp trading. As its popularity has grown, so has the price of its native HYPE token. This has seen it rally even at a time of bearish divergence in the crypto market, moving up by more than 50% in one week to reach new all-time highs. Factors Driving The Hyperliquid Price The main driver behind the Hyperliquid price pushing to new all-time highs has been the rise in attention being paid to the platform. As crypto investors are pivoting toward more....
After a terrible start to its launch back in July this year, the PUMP token has finally found its spark, managing to lead the recent market recovery. The Pump.Fun native token rose by over 140% over the last month, featuring prominently at the top of the gainers’ list during this time. A slowdown has since rocked the altcoin after this, but it may not be the end of the story. Pump.Fun Surpasses Hyperliquid In Daily Revenue In an interesting turn of events, Pump.Fun, the native platform behind the PUMP token, has overtaken Hyperliquid in terms of daily revenue. Hyperliquid, an....
Cryptocurrency trading platform Robinhood (HOOD), has recently announced the listing of HYPE, the native token of the decentralized exchange (DEX) Hyperliquid, sparking a new rally for the altcoin, which surged beyond $40 on Thursday, marking an intraday recovery of 13%. $1 Billion For HYPE Token Buyback HYPE, with a market capitalization nearing $11 billion, has emerged as one of the market’s top performers, skyrocketing by 1,000% from its launch price of $10 in December 2024. This growth has been accompanied by an 18% increase in trading volume over the last 24 hours, according to....
On Wednesday, 21Shares, the world’s largest issuer of cryptocurrency exchange-traded products (ETPs), submitted a regulatory filing with the US Securities and Exchange Commission (SEC), seeking approval to launch a passive Hyperliquid ETF designed to track the price of the HYPE token. 21Shares’ Passive Hyperliquid ETF Passive exchange-traded funds, like the one proposed by 21Shares, are […]