Hyperliquid Logs $29B Daily Volume as HYPE Gains 19%

Hyperliquid, a leading decentralized derivatives platform, has recorded a 24-hour trading volume of $29 billion on August 15, 2025, a milestone that underscores its growing footprint in the derivatives market. The platform also generated $7.7 million in fees during the same period, reflecting a sharp increase in market activity and liquidity provision [1]. This surge in volume comes alongside a 19% weekly rise in the price of HYPE, the platform’s native token, which has climbed to $48.57 at press time, just 1.1% shy of its record high of $49.75 set on July 14 [1].

The platform’s total value locked (TVL) has climbed to $610 million in late July from approximately $460 million in mid-July, according to DeFiLlama [1]. Monthly USD inflows to the platform have also grown significantly, reaching $349.27 million in July compared to $21.35 million in June. These figures suggest strong institutional interest and expanding utility for the protocol.

Institutional adoption is accelerating, with Anchorage Digital Bank announcing custody support for HYPE on August 13 [1]. Meanwhile, Circle has launched native USDC and CCTP V2 on Hyperliquid, enhancing the platform’s liquidity and enabling seamless cross-chain transfers and on/off-ramps [1]. These developments are expected to further solidify Hyperliquid’s position in the decentralized derivatives market.

Technical indicators remain bullish for HYPE. The token is currently trading above all major moving averages, with a relative strength index (RSI) of 63 and a MACD in positive territory. Stochastic readings suggest sustained buying pressure, while Bollinger Bands are narrowing as the price nears the upper band [1]. Analysts have identified potential price targets of $52 and $55 should HYPE break above the $49.75 level [1].

On-chain activity has also shown signs of institutional-grade confidence. A major whale wallet, identified as 0xa523, has injected over $40 million in USDC into Hyperliquid in the past 48 hours, accumulating 466,000 HYPE tokens at an average price of $46–$47. This large-scale accumulation is seen as a sign of strong belief in the platform’s future performance [3].

Hyperliquid’s broader metrics have also hit new records. The platform’s TVL has grown to $2.81 billion, while its 24-hour trading volume now accounts for 6.1% of the perpetuals market [3]. In July alone, Hyperliquid processed $320 billion in trading volume, a significant increase that positions the platform as one of the few decentralized exchanges capable of competing with centralized giants like Bybit and Binance [3].

The platform’s infrastructure is another key differentiator. Hyperliquid operates on a custom Layer 1 blockchain capable of processing 100,000 orders per second with sub-second finality, bridging the gap between decentralization and speed [3]. Additionally, 97% of protocol fees are being redirected to token buybacks, a mechanism that has continued to drive upward pressure on HYPE [3].

Despite the strong performance, the market remains cautious. HYPE has surged over 1,376% from its all-time low of $3.20 in November 2024, but a decisive breakout above key resistance levels is needed to confirm the next phase of the rally. Analysts have presented diverging views, with some predicting a move toward $90+ and others warning of a potential breakdown [3].

Hyperliquid’s rapid growth highlights the evolving dynamics in the decentralized derivatives space. With institutional support, robust on-chain activity, and technical innovation, the platform is redefining what decentralized exchanges can achieve.

Source:

[1] Hyperliquid Hits $29B Daily Volume as HYPE Rises 19% (https://www.ainvest.com/news/hyperliquid-hits-29b-daily-volume-hype-rises-19-48-57-2508/)

[3] HYPE Price Eyes $90 as Hyperliquid TVL and Fees Hit ATHs (https://www.banklesstimes.com/articles/2025/08/17/hype-price-eyes-90-as-hyperliquid-tvl-and-fees-hit-aths/)