Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
HYPE Hyperliquid's native token, HYPE, has fallen 2.12% in the past 24 hours to currently stand at US$55.79, but strong growth data online and continued institutional attention still attract investors 'attention. HYPE broke through $75 in July, setting a record high. Although it is now hovering below that level, technical indicators and second-quarter performance suggest a possible rebound.
Technical indicators indicate a possible rebound
From the daily chart, HYPE has retested the key resistance level of $57.5 after experiencing long-term selling pressure. Although prices have not yet achieved a strong breakthrough, buyers 'defenses in the area have prevented a deeper correction. The MACD bar chart has returned to positive territory, indicating weakening selling momentum. However, since the MACD line is still below the signal line, analysts believe that it is not yet possible to confirm that the upward trend has been fully established. If prices can stabilize above $57.5, the $68 area will become the next important resistance level.
Hyperliquid ecosystem grew strongly in the second quarter
The Hyperliquid ecosystem showed strong operational growth in the second quarter. According to relevant data, the platform's total transaction volume reached US$213 billion. Particularly noteworthy is that the share of HIP3-based real-world asset (RWA) perpetual contracts soared from 1.8% to 32.2% in just two quarters. This increase reflects the rapid increase in investor interest in RWA-related products and the fact that Hyperliquid has achieved an important position in this area. During the same period, platform revenue was approximately US$169 million, of which approximately US$141 million was used to repurchase HYPE. So far, the cumulative total revenue of the agreement has exceeded US$1 billion.
Institutional investor interest continues
The launch of three different HYPE ETFs in the second quarter is an important development in supporting institutional interest in Hyperliquid. These products allow traditional investors to more easily access HYPE while accelerating the entry of institutional capital into the ecosystem. Data shows that institutional funds and related treasury accounts hold approximately 7.7% of the total HYPE supply. This ratio suggests that despite short-term price fluctuations, large investors remain confident in the project and continue to hold long-term positions.
In addition, the activity of the derivatives market is also worthy of attention. Data showed that open interest remained high, indicating that investors had not completely exited the market but continued to hold positions. At the same time, online activity data shows that transaction volume and user activity on Hyperliquid remain strong. Overall, despite weak price performance, ecosystem attention continues, and institutional participation is supporting Hyperliquid's long-term growth expectations.
The US$57.5 mark is crucial
The current technical and fundamentals are still sending different signals. Network growth, rising transaction volumes, the rise of RWA products and institutional interest suggest that the Hyperliquid ecosystem is strengthening, but there is yet to be a strong upward trend in prices. Therefore, the market focus is concentrated on the US$57.5 level. Analysts believe that if HYPE can break through this resistance and stand firm, it will help boost investor confidence and may push prices into the US$68 region again.
