Oh, darling, have you heard the latest gossip? Hyperliquid has jumped by a staggering 330% since its lowest point in April, and it’s not stopping there! 💸
Currently trading at $40.4, just a smidge below its all-time high of $43.96, Hyperliquid’s market capitalization has skyrocketed to a whopping $13 billion. Its fully diluted valuation? A cool $40.75 billion. 💰
According to DeFi Llama data, the total value locked in Hyperliquid’s layer-1 chain has reached an impressive $2.01 billion after a 70% increase in the last 30 days. This growth has catapulted it to the 11th biggest chain in the crypto industry, surpassing popular networks like Cardano, Hedera Hashgraph, and Near Protocol. 🐪
The top players in Hyperliquid’s layer-1 network include Hyperliquid itself, Hyperlend, Felix, Morpho, and Hyperbeat. 🎯
In other news, Hyperliquid has become a major player in the stablecoin industry, with $3.7 billion of stablecoins in its layer-1 network, a significant increase from $2 billion in January this year. This surge in stablecoin volume indicates that the network is highly active. Hyperliquid now ranks as the sixth biggest player in the stablecoin industry after Ethereum, Tron, Solana, BNB Chain, and Base. 💹
Meanwhile, Hyperliquid’s perpetual exchange continues to gain market share. It processed over $4.43 billion worth of transactions in the last 24 hours, far exceeding the combined volume of other top-ten platforms. Its monthly volume has reached an impressive $242 billion. 📈
Investors are also staking their HYPE tokens, as the staking market cap has increased by 16% in the last seven days to $17.1 billion. 📊
HYPE Price Technical Analysis
The eight-hour chart shows that the HYPE price has been on a tear in the past few months, rising from a low of $9.29 in April to its current value of $40.4. The token has soared above the ascending trendline that connects the lowest points since May 12. 🚀
Currently, the HYPE token is trading above both the 50-period and 100-period moving averages and the key support at $39.94, which was the highest point in May. As a result, the token is expected to continue its upward trajectory, with bulls targeting an all-time high of $43.95. A break above that level could potentially see the token reach the psychological milestone of $50. 🎯
Read More
- US Government’s Wild Plan: Tariffs for Bitcoin? You Won’t Believe This! 💰🚀
- You’ll Never Guess What This Crypto ETF Claims To Do For Your Portfolio! 🤑
- TIA PREDICTION. TIA cryptocurrency
- EUR USD PREDICTION
- CNY JPY PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- VET PREDICTION. VET cryptocurrency
- Solana’s DeFi Resurgence: A Tale of Triumph and Turmoil
- Stablecoins Are Outselling Visa—Are We About to Lose Control?
- Bitcoin Whales Are Buying Like There’s No Tomorrow (And Who Can Blame Them? 🐋🚀)
2025-06-15 17:11