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Tag: Hyperliquid

  • HYPE Nears All-Time High With HyperEVM Integration, Can Buybacks Sustain the Rally?

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    Bitget Wallet’s integration with HyperEVM, the Ethereum-compatible smart contract layer powering the Hyperliquid Layer-1 blockchain, has ignited strong momentum across the DeFi sector.

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    The update expands Bitget’s reach to over 80 million users, granting seamless access to Hyperliquid’s deep onchain liquidity, programmable finance features, and cross-chain transfers.

    The move effectively transforms Bitget Wallet into a major gateway for $HYPE token utilities, staking, and governance.

    With Hyperliquid’s Total Value Locked (TVL) now surpassing $5 billion, the Layer-1 network continues to attract institutional capital and DeFi builders, strengthening its status among top-performing decentralized platforms.

    HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview

    Hyperliquid (HYPE) Price Action: Bulls Eye a $50 Breakout

    After a stunning 110% rebound since mid-October, Hyperliquid (HYPE) is trading around $47–$49, nearing its all-time high of $59. The bullish structure follows a breakout from a descending wedge pattern, supported by surging on-chain volume and staking rewards totaling over $90 million this month.

    Technical indicators reveal a classic bull flag formation, with analysts projecting a breakout toward the $52–$55 zone if momentum holds above $48.

    The Money Flow Index (MFI) remains elevated at 63, indicating continued inflows and sustained investor confidence. However, failure to clear resistance could trigger short-term retracement toward $44 support before the next leg up.

    Buybacks and On-Chain Revenue Fuel Long-Term Strength

    Beyond price action, Hyperliquid’s fundamentals remain strong. The project generated over $111 million in fees over the past 30 days, ranking third among all DeFi protocols by revenue.

    Its new $644 million Assistance Fund Buyback program is reducing circulating supply, now 336 million HYPE, providing strong tokenomic support for long-term holders. Meanwhile, the HIP-3 upgrade, which allows new perpetual markets through staked HYPE, is drawing institutional builders and tokenized futures products.

    With $1.5 trillion in cumulative trading volume and dominance in decentralized derivatives, Hyperliquid’s ecosystem continues to expand even amid growing competition from Binance-backed Aster.

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    If bullish momentum persists and HyperEVM adoption accelerates, analysts suggest HYPE could reclaim $55 and test new highs above $60 in the coming weeks, cementing Hyperliquid’s reputation as one of DeFi’s most profitable and innovative ecosystems.

    Cover image from ChatGPT, HYPEUSD chart from Tradingview

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    James Halver

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  • Dogecoin Open Interest Crashes 50% From October Highs, Volume Is Worse, What’s Going On?

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    Dogecoin (DOGE) is facing a steep market cooldown after weeks of heightened trading activity in early October. Data from CoinGlass shows that both Open Interest (OI) and trading volume for DOGE futures have crashed, indicating a sharp decline in the meme coin’s momentum. The latest figures reveal a significant pullback in derivatives activity and spot market participation, suggesting that traders may be retreating from speculative positions as volatility eases. 

    Dogecoin Open Interest Crashes Over 60%

    Dogecoin’s Open Interest has plunged dramatically from its October highs, reflecting a rapid exodus of leveraged traders from the market. According to CoinGlass, total exchange DOGE futures Open Interest has fallen over 62% from a peak of $5.03 billion on October 7 to $1.88 billion on October 28. This represents a drop to approximately 9.41 billion DOGE, valued at $ 0.20 per token.

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    Despite the decline in Open Interest, Binance, BitMEX, and Bybit continue to lead as the top exchanges with the highest Dogecoin futures activity. Still, the downturn has been widespread across exchanges. Kucoin recorded the largest drop in recent hours at 3.1%, followed closely by Bitget, which saw a 2.27% decline. Over the last 24 hours, Bitunix recorded the steepest drop in Open Interest, down 15.86%, while Crypto.com saw a 7.36% reduction. 

    Source: Chart from Coinglass

    Even Binance, which consistently leads Dogecoin futures trading, has seen a notable pullback. CoinGlass reports that the exchange’s Open Interest peaked at $964.7 million on October 7, marking a monthly high. Since then, it has fallen to $380.29 million (1.9 billion DOGE), representing a staggering 60.6% crash in just over three weeks.

    Dogecoin Sees Even Worse Decline In Volume

    Trading volume for Dogecoin has mirrored the collapse in Open Interest. CoinGlass data shows that Dogecoin’s futures volume heatmap across major crypto exchanges is in the red zone. Total trading volume had spiked to $20.45 billion on October 11, following the devastating crypto flash crash on October 10, but has since plummeted to $5.31 billion as of October 28. This represents a whopping 74% decline.

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    On individual exchanges, Binance’s DOGE trading volume dropped by 9.35% in the past 24 hours, while OKX saw a 13.69% decline. CoinEx recorded the largest volume decrease at 26.1%, followed by Gate.io at 23.94%. Popular exchanges like Bitget, Kucoin, and Bitunix also reported varying declines of 4.96%, 20.37% and 13.16%, respectively, as overall market liquidity thinned. 

    However, a few exchanges bucked the downward trend, recording slight gains. dYdX saw its DOGE volume surge by 167.61%, HTX increased by 49.93%, and Hyperliquid rose by 23.88%. Bybit and MEXC also recorded modest gains of 24.98% and 1.88%, respectively. 

    Alongside its decline in trading volume, CoinGlass notes that Dogecoin’s price performance has slipped. The meme coin is currently trading at $0.20, down 13.19% over the past 30 days and 2.86% in the last 24 hours.

    Dogecoin
    DOGE trading at $0.19 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

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    Scott Matherson

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  • Hyperliquid’s Days Numbered? Expert Forecasts ‘Painful Death’

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    The road ahead for Hyperliquid does not look so bright. In fact, the decentralized trading platform could face lots of tribulations, “painful” ones, according to an expert.

    Related Reading: Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy

    Aster, a new DEX built on the BNB Chain, has grabbed market attention this week after a dramatic price surge and heavy on-chain flows.

    Traders and observers say the token’s spike has shifted capital away from established rivals, while heated commentary from a high-profile trader has added to the drama.

    Aster Surpasses Rivals In Volume And Revenue

    According to on-chain trackers, Aster’s 24-hour perpetual trading volume has climbed into the tens of billions, with figures reported around $23–$30 billion — more than double what Hyperliquid recorded over the same window.

    Reports have disclosed that the DEX is now pulling in roughly $10 million in daily revenue, a figure that some outlets say is about four times Hyperliquid’s daily take.

    Trader Claims And A Public Feud

    Crypto trader James Wynn — a figure known for large leveraged bets and big losses earlier this year — has publicly backed Aster and predicted a long, slow decline for Hyperliquid.

    Wynn’s comments, carried across social channels, have been part boast and part critique of Hyperliquid’s visible order model. He argued that Aster’s hidden-order and MEV-mitigation features make it a safer place for large players.

    Based on reports, Wynn said “Hype will exist, but it will have a slow and painful death,” a line that has amplified the rivalry online.

    Whale Accumulation And Big Withdrawals

    On-chain analytics show major wallets moving into ASTER. Two large buyers are reported to have picked up about 118 million ASTER, valued at roughly $270 million, which is said to represent about 7% of circulating supply.

    HYPEUSD trading at $43.29 on the daily timeframe. Chart: TradingView

    In the same stretch, a cluster of wallets withdrew 68 million ASTER (about $156 million), and one address moved 50 million ASTER from an exchange.

    These flows suggest both aggressive accumulation and repositioning by big holders.

    Aster’s Product Pitch Versus Hyperliquid’s Response

    Reports emphasize Aster’s features: MEV-free execution, hidden orders that keep limit sizes private, and trading interfaces pitched at both retail and pro users.

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    That product story helps explain why some traders are rotating capital. Hyperliquid has not stood still; it has rolled out measures such as a USDH stablecoin and other moves meant to shore up liquidity and product breadth.

    Market data show HYPE has fallen from recent peaks — with declines reported near 25% from its highs — as money rotated into ASTER.

    Featured image from SleepApnea.org, chart from TradingView

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    Christian Encila

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  • Hyperliquid (HYPE) Hits New High As Nasdaq Firm Shifts Millions Into the Token

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    Lion Group Holding Ltd. (NASDAQ: LGHL), a Singapore-based trading platform operator, has announced a bold shift in its crypto treasury strategy. The company is phasing out its holdings of 6,629 Solana (SOL) and roughly 1 million Sui (SUI) in favor of Hyperliquid (HYPE).

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    Rather than executing a single large trade, LGHL is adopting a phased accumulation plan designed to manage volatility and secure a better average entry price.

    The decision comes shortly after LGHL revealed plans to anchor its $600 million treasury in Hyperliquid, positioning HYPE as its primary digital reserve asset. The move aligns with growing institutional interest, as firms seek to diversify into next-generation DeFi tokens with strong revenue growth and trading adoption.

    HYPE's price trends to the upside on the daily chart. Source: HYPEUSD chart from Tradingview

    Why HYPE? Hyperliquid’s DeFi Dominance

    Hyperliquid (HYPE) has rapidly established itself as a leader in decentralized perpetual futures trading, now commanding 70% of the DeFi perps market.

    In August alone, the platform recorded $383 billion in trading volume, generating a record $106 million in revenue, up 23% from July. Its total value locked (TVL) has surged to $1.75 billion, placing it among the top decentralized exchanges globally.

    One catalyst for LGHL’s shift is the recent launch of BitGo’s institutional custody services for HYPE in the U.S., offering secure and compliant storage for corporate investors.

    CEO Wilson Wang described Hyperliquid’s on-chain order book and efficient trading infrastructure as the “most compelling opportunity in decentralized finance.”

    The pivot reflects a growing trend among Nasdaq-listed firms. Eyenovia, Sonnet BioTherapeutics, and Tony G Co-Investment Holdings have all disclosed significant HYPE allocations, signaling a shift in corporate treasury strategies toward DeFi-native tokens.

    HYPE Price Surges to All-Time Highs

    Following these institutional moves, Hyperliquid’s HYPE token has continued its meteoric rise. On September 8, HYPE hit a new all-time high of $51.50, marking a 450% surge since April.

    Analysts now point to $52 as the next key breakout level, which could trigger further upside momentum if breached.

    Despite LGHL’s aggressive reallocation, Solana and Sui have shown resilience. At the time of writing, SOL trades around $214, with some analysts forecasting a run toward $300, while SUI has recovered modestly to $3.48.

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    The spotlight still remains firmly on Hyperliquid. With industry leaders like Arthur Hayes projecting that HYPE could surge 126x by 2028, the token is increasingly being viewed as one of the most promising assets in the evolving DeFi landscape.

    Cover image from ChatGPT, HYPEUSD chart from Tradingview

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    James Halver

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