Hyperliquid Hits $400B Trading Volume and $100M Revenue as HYPE Price Eyes $55 Breakout

Hyperliquid is slowly building a name within the decentralized finance (DeFi) ￰0￱ August, the platform recorded nearly $400 billion in perpetual trading volume and more than $106 million in revenue, according to ￰1￱ 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 blockchain, designed for speed, scalability, and zero gas ￰2￱ features replicate the performance of centralized exchanges while maintaining DeFi’s transparency and user custody, making Hyperliquid an appealing alternative to platforms like Binance or Solana-based ￰3￱ Activity and Market Sentiment Despite its strong fundamentals, HYPE, the platform’s native token, is facing ￰4￱ trading around $44, HYPE has retraced from the $51 mark but remains on track for a possible ￰5￱ point to resistance at $48.73, with upside targets at $52, $55, and even $73 if bullish momentum persists.

HYPE's price trends to the upside on the daily chart.