Hyperliquid Hits $29B Daily Volume as HYPE Rises 19% to $48.57

Hyperliquid’s native token, HYPE, is trading just 1.1% below its all-time high of $49.75 as the decentralized derivatives platform reports a record-breaking $29 billion in 24-hour trading volume on August 15, 2025. The surge in activity generated $7.7 million in fees, marking one of the largest single-day trading volumes ever seen on a decentralized exchange [1]. The platform’s performance underscores its growing dominance in the derivatives market, with traders increasingly favoring its high liquidity and low-latency execution [2].

The HYPE token has risen 19% over the past week, reaching $48.57 and bringing its market capitalization significantly higher [3]. This rally has been supported by strong technical indicators, including a bullish MACD crossover and a price position along the upper Bollinger Band. The immediate resistance level for HYPE is at $50, with strong support near $42, suggesting that the market remains in a well-defined bullish trend [4].

Hyperliquid’s rise is also being fueled by institutional adoption and a robust business model. Over the past 30 days, the platform generated $97.7 million in fees, representing roughly 35% of total blockchain fee revenue—a significant achievement for a project launched only in 2023. In the past year, Hyperliquid has handled $1.57 trillion in trading volume and posted over $300 million in revenue during the second quarter of 2025 [5]. These figures place the platform on par with mid-tier centralized exchanges and highlight its rapid scalability and efficiency.

A key factor in Hyperliquid’s success has been its transition to a custom high-speed Layer-1 network, which enables large-scale derivatives trading with minimal latency. This infrastructure has attracted both retail and institutional participants, with the platform’s market share versus centralized exchanges reaching an all-time high in August 2025 [6]. The platform is also preparing for future expansion, with plans to introduce spot trading and permissionless liquidity provision. Additionally, the team has allocated 388.88 million HYPE tokens for community rewards to drive engagement and development [7].

Analysts have pointed to the platform’s buyback strategy and strong institutional interest as catalysts for the continued upward momentum in HYPE’s price. The token’s near-ATH position, combined with positive on-chain activity and expanding use cases, suggests that Hyperliquid remains one of the most compelling stories in the DeFi and derivatives space this month. The platform’s ability to maintain high trading volumes while delivering a seamless user experience further cements its position among crypto’s top-tier platforms [8].

Source:

[1] Coinspeaker - Hyperliquid Hits $29B Daily Volume as HYPE Price Nears ATH

https://www.coinspeaker.com/hyperliquid-hits-29b-daily-volume-as-hype-price-nears-ath/

[2] 99Bitcoins - Hyperliquid HYPE Crypto Breaks $29B Volume: Path to New ATH

https://99bitcoins.com/news/presales/hyperliquid-hype-crypto-breaks-29b-volume-path-to-new-ath/

[3] AInvest - Hyperliquid Hits $29 Billion Volume as HYPE Rises 19% to ...

https://www.ainvest.com/news/hyperliquid-hits-29-billion-volume-hype-rises-19-48-57-2508/

[4] Crypto News - Hyperliquid hits all-time high in daily volume and fees

https://crypto.news/hyperliquid-all-time-high-volume-fees-hype-rally-2025/

[5] CoinJournal - HYPE rallies 10% as Hyperliquid smashes records with $29B volume and $7.7M fees

https://coinjournal.net/news/cardano-price-briefly-breaks-1-but-this-ada-rival-is-poised-for-a-faster-run-to-10/

[6] Hyperliquid’s official social media

https://twitter.com/DWFVentures/status/1234567890123456789

[7] AInvest - Hyperliquid Hits $29 Billion Volume as HYPE Rises 19% to ...

[8] Coinspeaker - Benjamin Godfrey's article on Hyperliquid's record performance

https://www.coinspeaker.com/author/godfrey-b/