CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-06-01 12:36:14

Hyperliquid surges in May, cumulative volume exceeds $242b

Hyperliquid, the biggest player in decentralized perpetual futures, had its best month ever as volume on its platform soared and its token surged to a record high. Hyperliquid ( HYPE ) price soared to $39.92 on May 26, up by over 327% from its lowest point in April. This surge brought its market cap to over $10.9 billion and the fully diluted valuation to over $35 billion. Data sho ws that Hyperliquid had a cumulative volume of over $242 billion in May, much higher than other companies combined. Jupiter had $19.78 billion in volume, while Apex Protocol, APX Finance, and edgeX had less than $10 billion each. Hyperliquid’s volume in May was much higher than April’s $187 billion and March’s $175 billion. This growth means that Hyperliquid has processed tokens valued at over $1.6 trillion since its inception. You might also like: Frog flops as Pepe coin supply crashes to a two-year low: But is it setting up for a leap? Hyperliquid now competes with top centralized exchanges like Binance, Bybit, and Bitget. It handled over $4 billion in assets in the last 24 hours, while the three centralized platforms handled $41.27 billion, $15 billion, and $14 billion. The soaring volume made Hyperliquid one of the most profitable players in the crypto industry. It made over $69 million in fees in May. That’s higher than Ethereum ( ETH ), Raydium ( RAY ), and BSC Chain, which made $40 million, $42 million, and $15 million, respectively. Hyperliquid’s volume rebounded as the crypto market bounced back, with Bitcoin soaring to a record high of $111,900, and the market cap of all coins crossing the $3.5 trillion market cap. HYPE price technical analysis HYPE price chart | Source: crypto.news The 12-hour chart shows that the HYPE price bottomed at $9.2952 on April 7, then surged to $39.92 in May. It formed a cup-and-handle pattern whose upper side was at $28.40. A C&H pattern is one of technical analysis’s most bullish continuation patterns. HYPE has pulled back as the crypto market crash continued. The most likely scenario is it drops and retests the upper side of the cup and then resumes the uptrend. This performance is known as a break-and-retest and is a popular continuation sign. Read more: Solana slides to monthly low as memecoin frenzy fizzles

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez