The indigenous token of hyperliquid, hype, is approaching all time, fed by the decentralized derivative exchange that records more than 80% of the perpetual futures market on the chain.
The platform has seen that its average daily trade volumes increase to a consistent reach of $ 2-6 billion, an increase that coincides with a new one partnership With Phantom Wallet and recent networkup grades. It has risen in the last 24 hours $ 8.4 billionThe breaking of $ 1.88 trillion of lifelong volume.
However, the trade volume is still far below its highest peak of $ 18 billion earlier in the year, although the averages have remained strong since the 2024 outbreak.
The decentralized exchange now recommends the vast majority of the perpetual market, with its total value locked (TVL) of more than $ 480 million, per data of Defillama. Hyperliquid places this growth prior to its competitors in the decentralized financial landscape.
The climb of the platform is based on its patented low-1 blockchain, which uses an order book on the chain, which distinguishes it from many other decentralized exchanges that depend on automated market maker models. The infrastructure is designed to offer high-throughput and low latency trade, which reflects the performance of centralized trade fairs.
Refueling investor optimism is the “Real Yield” model of the platform, whereby the turnover from trading costs is distributed over hype -token strikers. Hyperliquid charges a reimbursement of 0.025% for customers and 0.002% for makers, whereby the costs collected are used to reduce and burn hype -tokens, creating deflatory pressure.
The mechanism immediately connects the value of token to the trade volume of the platform. The safes (Hyperliquuidity Provider (HLP) are an integral part of this ecosystem, so that users can offer liquidity and earn part of the platform’s turnover.
Hyperliquid’s recent Partnership with PhantomThe popular wallet wallet with more than 15 million users is expected to go on board a considerable number of new traders to the Hyperliquid platform, which further stimulates trade volume and liquidity.
The co-founder of the Exchange, Jeff Yan, has emphasized a user-oriented approach. In an interview with Chaincatcher, Yan stated“We wanted to build something that people actually wanted to use, not just for farming from AirDrops.” This philosophy seems to be resonating within the Defi community, whereby the user base of the platform grows to more 500,000 And more than $ 88 billion in total deposits.
The recent upgrade of “Corewriter”, which was launched last week, also supports Bullish Sentiment. This allows HyperevM to communicate decentralized applications directly with the eternal exchange of Hypercore. Hypercore went live in March and made seamless asseters and smart contract development possible within the hyperliquis ecosystem, where centralized exchange performance was combined with decentralized financial functionality.
Despite its rapid growth, Hyperliquid has confronted with challenges. In March 2025 the platform experienced a security break. The incident, involving an exploit with regard to the HLP tillers, resulted in nearly $ 12 million in cumulative losses for liquidity providers.
Hyperliquid’s hype -is currently trading at around $ 41.60, which reflects an increase of almost 7% in the last 24 hours, because the fundamental strengths of the platform and strategic initiatives continue to attract the market attention.
The dominance of the market, the sustainable yield model and the expansion of the user base through important partnerships positioning the exchange as a formidable player in the derivatives sector in chains while it goes into force.
