Hyperliquid becomes ‘most liquid venue for crypto price discovery’- What does it mean?



Hyperliquid has achieved significant traction, becoming a leading venue for crypto price discovery with deeper liquidity than Binance, according to its founder. The platform has seen over $1 billion in trading volume for its equity perpetuals and near-record open interest of $800 billion. Its native token, HYPE, surged 24% to $28, though it faces a key resistance level. Analysts suggest the recovery is supported by eased selling pressure from monthly unlocks and whales, as well as substantial accumulation by top buyers. However, sustained price growth depends on increased platform revenue driving token buybacks.
HYPE-2,91%
IN8,74%
TOKEN-0,14%
ON-1,34%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)