Publication date: September 11, 2025

In our June 19, 2025 article, we described Hyperliquid (HYPE) as a promising newcomer within the world of decentralized finance. The project managed to distinguish itself at lightning speed with its high speed, low cost and active community. In doing so, we highlighted Hyperliquid's unique position in the derivatives trading market and its rapidly increasing trading volume.

In our previous article "Hyperliquid: The New Star in the DeFi Landscape," we already discussed the growth potential of this rising star. You can read that article back HERE.

What has changed since then? And can Hyperliquid maintain its growth and adoption, or are new challenges emerging?

What is the current situation

Hyperliquid (HYPE) has quickly become one of the most talked about projects within the world of decentralized finance (DeFi). The platform focuses on perpetual futures, or trading contracts that allow investors to speculate on crypto price movements 24/7, with no fixed expiration date and no central party involvement.

What makes Hyperliquid unique is that it runs completely on-chain but can compete with large centralized exchanges in terms of speed and ease of use. As a result, the platform is attracting more and more traders. With a market share of over 70% in DeFi derivatives , Hyperliquid is now the absolute market leader. This places the project firmly at the top of the crypto market based on market capitalization.

• Institutional inflows: The publicly traded Lion Group announced it is moving millions from Solana and Sui to Hyperliquid. In addition, HYPE is even held by CleanCore Solutions as a digital reserve. This shows that institutional parties are now taking Hyperliquid seriously.
  
  

• Trading volume is growing explosively: In August, Hyperliquid realized a trading volumeof $383 billion. This confirms that the platform is actually being used and not just floating on hype.
  
  

• New stablecoin (USDH): A battle is underway between parties such as Ethena and Sky (formerly MakerDAO) to be allowed to issue Hyperliquid's own stablecoin USDH. This stablecoin could play a crucial role in the ecosystem and create additional demand for HYPE.

These developments underscore that Hyperliquid is not just building on hype, but is experiencing serious adoption and growth. Both the confidence of institutional parties and the strong increase in trading volume give the project a solid foundation for further expansion.

Share price development

Since our previous article, Hyperliquid's share price has shown a strong upward movement. Whereas the token was still in a correction phase at the time, it then managed to resume its upward trajectory. On June 19, the price was quoted around $37, while now almost three months later it has risen to around $55. That represents a return of about 50% since our previous analysis. Given the increasing adoption of the platform, we expect that this is not yet the end point.

Based on technical analysis, we distinguish two scenarios. In the first scenario, Hyperliquid manages to close convincingly above $56.28. This could give a new upward impulse, with a next price target around $62.00, as visible in the chart below. A breakout above that level would confirm the bullish scenario and pave the way for a possible rise towards $70.

The chart below shows Scenario 2. This scenario takes into account a possible correction towards the first support level around $50.02. Should the price fail to break through the resistance at $56.28, a pullback to this level is plausible. A close below $50 would pave the way towards deeper support around $40.44. Given current market sentiment, this seems less likely. The more likely scenario is that the positive sentiment persists, where a temporary correction towards $50 cannot be ruled out, but the price can then find room to continue rising towards the price target around $62.

Conclusion

Hyperliquid has quickly emerged as a dominant player in the world of decentralized finance. With a market share of over 70% in DeFi derivatives, a price increase of nearly 50% since June and growing institutional involvement, the project shows it is more than a passing trend.

While a temporary correction cannot be ruled out, overall sentiment remains positive. If Hyperliquid manages to close above resistance around $56.28, the road is open to higher price targets of $62 and possibly even $70. The combination of technological innovation, strong community and institutional inflows makes Hyperliquid a project that both short- and long-term investors should keep a close eye on.

Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.