{"id":377539,"date":"2025-08-27T11:57:12","date_gmt":"2025-08-27T11:57:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/377539\/"},"modified":"2025-08-27T11:57:12","modified_gmt":"2025-08-27T11:57:12","slug":"how-hyperliquid-dex-fueled-hypes-surge-to-51-ath-in-24-hours","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/377539\/","title":{"rendered":"How Hyperliquid DEX fueled HYPE\u2019s surge to $51 ATH in 24 hours"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways\u00a0<\/p>\n

Hyperliquid chain now controls 31% of total blockchain revenue. Its DEX has also surpassed Robinhood in total trading volume; will the growth extend its dominance?\u00a0<\/p>\n

Hyperliquid [HYPE]<\/a> has seen remarkable dominance in network revenue since May 2025.\u00a0<\/p>\n

Notably, Hyperliquid made $87.7 million in revenue in July, while Solana [SOL]<\/a> came in second at $87.0 million, according to Blockworks data.\u00a0<\/p>\n

In the past thirty days alone, Hyperliquid raked in $104 milliom (31.6%) while Solana attracted $77.5 million or 23.5% of total revenue.\u00a0<\/p>\n

\"Hyperliquid<\/a><\/p>\n

Source: Blockworks<\/p>\n

Hyperliquid DEX growth outlook\u00a0<\/strong><\/p>\n

But Hyperliquid could growth could go higher. Ryan Watkins, co-founder of crypto VC Syncracy Capital, projected<\/a> Hyperliquid could command 50% of blockchain revenue by the end of 2025.\u00a0<\/p>\n

He cited the growing spot market and upcoming HIP-3 markets that would expand Hyperliquid usage from stocks to predictions.\u00a0<\/p>\n

\n

\u201cThink it\u2019s possible $HYPE captures 50% of all blockchain revenue by the end of 2025. Spot markets ramping and TAM expansion through HIP-3 markets (U.S. equities, pre-IPO startups, prediction markets, etc) likely gets us there.\u201d\u00a0<\/p>\n<\/blockquote>\n

In fact, most of the current activity was being driven by the Hyperliquid DEX that runs on the Hyperliquid L1.\u00a0<\/p>\n

The DEX\u2019s combined spot and perps trading volume hit<\/a> $330 billion in July. <\/p>\n

In comparison, Robinhood did<\/a> $237 billion, suggesting that Hyperliquid topped the retail app by over $90 billion. This was the third month straight of outperforming Robinhood on trading volumes.\u00a0<\/p>\n

Hyperliquid DEX gained significant market share against most CEXes for spot volumes across majors like Bitcoin [BTC]<\/a>, Ethereum [ETH]<\/a>, and SOL.<\/p>\n

\"Hyperliquid\"<\/a><\/p>\n

Source: Blockworks<\/p>\n

Overall, HYPE could be the primary beneficiary of the growth, and one analyst concluded<\/a> that the token was either cheap or most L1s were overvalued. <\/p>\n

In fact, Arthur Hayes projected<\/a> that the altcoin could explode 126x.\u00a0\u00a0<\/p>\n

On the market front, HYPE\u2019s Open Interest (OI) hit a record high of $2.3 billion, at press time, implying massive demand in the Futures market.\u00a0<\/p>\n

\"Hyperliquid<\/a><\/p>\n

Source: CoinGlass<\/p>\n

The raging demand saw HYPE tag a new all-time high of $51.07 after a 10% rally in the past 24 hours.\u00a0<\/p>\n

So far, the price action has chalked an ascending triangle pattern, a bullish formation that could push it higher if validated.\u00a0<\/p>\n

\"Hyperliquid<\/a><\/p>\n

Source: HYPE\/USDT, TradingView<\/p>\n

Meanwhile, about 9.9 million HYPE tokens will be unlocked<\/a> in November and could impact the market in Q4.\u00a0<\/p>\n

Undoubtedly, Hyperliquid\u2019s growth and dominance have boosted HYPE. It remains to be seen how it will react to the November unlock and other bullish catalysts.\u00a0<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Bitcoin slips below $112K \u2013 Will $110K support hold or is more pain ahead?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways\u00a0 Hyperliquid chain now controls 31% of total blockchain revenue. Its DEX has also surpassed Robinhood in…\n","protected":false},"author":2,"featured_media":377540,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-377539","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115100610838157914","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/377539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=377539"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/377539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/377540"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=377539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=377539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=377539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}