As price action and underlying platform metrics line up for what may turn out to be one of the more important shifts in the current altcoin cycle, Hyperliquid is entering a critical phase.
Velvet integrates Hyperliquid, the perpetual futures DEX with over $1.5 trillion in cumulative volume, into its unified terminal. The integration allows managing spot, yield and perpetuals positions in a single interface, with access to over 300 pairs and up to 50x leverage.
Sports and war prediction markets and crypto-backed perpetual futures came under fire during a House committee hearing Thursday.
Hyperliquid's HIP‑3 open interest is pushing toward the multi‑billion mark, led by not just crypto perps but synthetic equities and index products. Hyperliquid's HIP-3 New ATH Following Bitget Wallet integration of Hyperliquid's HIP‑3 infrastructure at the beginning of the month, The Block claimed today that its data indicates that only three of Hyperliquid's ten most‑traded markets are still crypto pairs: the rest are futures tied to tokenized stocks and commodities.
The issuer plans to buy 20,000 shares from the trust at $25 per share as an initial seed creation basket to buy HYPE prior to the listing.
HYPE retested $45 this Tuesday, accumulating an impressive 108% rally since its annual low of $21 recorded on January 21. Open Interest (OI) climbed to $1.38 billion, while the platform's annualized revenue reached $843 million in March.
Hyperliquids native token HYPE is approaching a critical decision point that could define its long-term trajectory. Currently pressing into a major resistance zone in the mid-$40s a level that has rejected price multiple times before this latest attempt carries a fundamentally different character than previous tests.
HYPE tops $45 for the first time in five months as oil contracts drive heavy trading volumes on Hyperliquid's platform.
The Hyperliquid exchange has re-established its leadership position in perpetual futures trading, reaching a new record of 6.9% of trading volume across centralized exchanges. This milestone clearly demonstrates its ability to capture a larger share of perpetual futures open interest, even outperforming established competitors.
Origin Dollar integrates Morpho's new markets on HyperLiquid, enabling USDC lending against WHYPE and kHYPE collateral with yields exceeding 6%. The strategy utilizes Circle's CCTP technology to automatically bridge interest generated from HyperLiquid back to the Ethereum mainnet.
HYPE gained about 10% in two days, reclaimed the $44 to $45 range, and moved closer to the $50 area as momentum accelerated. The breakout has been supported by rising volume, higher highs and lows, reclaimed moving averages, and a stronger structural setup.
Hyperliquid has been gathering immense attention in recent times as the price has been rising, regardless of the Bitcoin price variation. Since the rebound in the first few days of the month, the HYPE price has been consistently rising, forming consecutive higher highs and lows.