Hyperliquid's trading activity has continued to rise recently, with platform revenue, trading volume, and open interest all hitting new highs. Driven by this, HYPE, after reaching an all-time high of $76.70, has retreated somewhat, but still has accumulated a gain of over 30% in the past week.
Cumulative revenue exceeded US$1.16 billion.
CoinJournal reports that Hyperliquid's revenue growth since 2026 has become a major focus of market attention. Data shows that the platform's cumulative revenue has exceeded $1.16 billion, placing it among the highest-grossing protocols in the crypto market.
This growth was primarily driven by increased trading volume in the perpetual contract market. The platform attracted both retail and institutional participants, fueling a continued rise in overall activity.
- 24-hour trading volume was approximately $1.38 billion.
- The total value locked on the platform is approximately US$6.38 billion.
- Cumulative revenue has exceeded $1.16 billion.
Open interest surpasses $6 billion
On June 14, Hyperliquid's total open interest surpassed $6 billion. This figure indicates that the platform's share in the global perpetual contract market is expanding.
The report also mentioned that Hyperliquid is expanding beyond its existing crypto-native derivatives business, adding markets to cover stocks, commodities, indices, and pre-IPO assets. These new products are also bringing more trading opportunities to the platform.
HYPE maintains high-level fluctuations
HYPE had previously risen to $76.70 before falling back to around $72.50. Despite giving back some of its gains in the short term, the overall trend remains strong.
According to the data in the article, HYPE has risen by more than 30% in the past 7 days and by more than 52% in the past month. The article argues that the current price structure still indicates that the upward trend has not been broken.
From a technical perspective, HYPE remains above major daily exponential moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day moving averages. The Relative Strength Index (RSI) is 62, placing it in a neutral-to-strong range, indicating that prices have not yet entered a significantly overheated state.
The report points out that the area around $75.62 is a key short-term resistance level. If the price regains this level, the market may continue to expand upwards; if the pullback deepens, $56.50 is considered an important support level in the current structure.
