Featured News Headlines
Hyperliquid’s DEX Volume Soars 87% Amid Rising Market Interest
Hyperliquid (HYPE) is making significant moves, breaking past its previous $57 resistance and approaching the $60 mark. The altcoin’s recent momentum reflects a combination of robust on-chain metrics and growing ecosystem support.
Strong Capital Inflows and Ecosystem Growth
Since its launch, Hyperliquid’s Total Value Locked (TVL) has soared to an all-time high of $2.7 billion, with nearly $300 million added just in September. To put this in context, XRP’s TVL increased by only $13 million during the same period. According to industry data:
“HYPE has pulled in over 20x the capital XRPL did, signaling heavy capital inflows, busy smart contracts, and a thriving ecosystem that’s fueling this breakout.”
This surge highlights Hyperliquid’s expanding role as a Layer 1 competitor in the blockchain space.
Key Partnerships and Growing Liquidity
The involvement of Circle, the team behind USDC, as a stakeholder marks a significant milestone. Additionally, Hyperliquid recently integrated native USDC and CCTP V2 on its HyperEVM network, driving real-world use cases and liquidity growth.
As a result, HYPE’s decentralized exchange (DEX) volume jumped 87% month-over-month to $1.3 billion. This contrasts with Ethereum’s (ETH) 42% decline over the same timeframe, indicating increasing trader activity on Hyperliquid.
Technical Momentum Signals Continued Strength
Hyperliquid has delivered a monthly ROI exceeding 30%, outperforming Ethereum’s recent gains by five times. Since hitting a low of $37 in early August, HYPE has formed three consecutive higher lows paired with higher highs, confirming a strong bullish trend.
This technical setup suggests the $57 resistance level is a minor hurdle rather than a barrier, with liquidity visibly supporting the upward price action.
On-Chain Confidence Remains High
Importantly, holders remain confident, with minimal profit-taking despite substantial gains. This continued on-chain strength is sustaining momentum and positioning Hyperliquid for potential further advances.
