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HYPE HYPE prices have rebounded after a strong rise in August, but Hyperliquid's fundamental growth story cannot be ignored.
This decentralized trading platform generated US$419 million in fee revenue in the first half of 2026, daily active users increased by 90% year-on-year, and transaction volume reached an astonishing US$1.29 trillion. This data helped Hyperliquid occupy 54.5% of the on-chain perpetual contract market, exceeding the combined share of all other on-chain platforms. Even as HYPE prices fall back from recent highs, many traders are still watching whether the platform's rapid growth can push it higher again.
Hyperliquid's growth momentum is still impressive
Currently, few cryptocurrency projects can deliver such outstanding results as Hyperliquid. The platform processed US$1.29 trillion in transaction volume in the first six months of 2026, and generated US$419 million in fees during the same period.
User activity is also growing. Daily active users increased by 90% year-on-year, indicating that participation is expanding simultaneously with transaction volume. Market share is another prominent advantage of Hyperliquid. The platform currently controls 54.5% of the on-chain perpetual contract market and has become an absolute leader in the field of decentralized derivatives trading.
Investors are also paying close attention to a regulatory trend. At the Wyoming blockchain seminar, Binance founder Zhao Changpeng said that President Trump had mentioned that CFTC Chairman Michael Selig was working hard to promote Hyperliquid into the U.S. market. If this goal is achieved, it may bring deeper liquidity and a larger user base to the platform.
HYPE prices are testing key levels
We looked at HYPE's charts and the short-term trend is more cautious than the fundamental story. HYPE prices are currently trading around $72.94, having previously hit highs of around $80. This means that the token is down approximately 8.8% from its recent peak.
The chart shared by Coin Bureau still shows lower highs and lower lows patterns, indicating that the correction has not yet fully ended. Buyers held their ground in the $72 -74 range. The area has become a true bottom support.
If HYPE prices remain above the region, traders will view US$74, US$76 and US$78 as the next resistance levels. If it can break through $80 again, it will be a strong signal that buyers are back in control of the situation. On the downside side,$70 is the key position. Once lost,$68 and $66 will become the next focus.
Can Hyperliquid return to high points?
Interestingly, Hyperliquid's fundamentals and chart trends are telling a slightly different story. The platform continues to report strong growth in almost all major indicators. Fee revenue reached $419 million, transaction volume climbed to $1.29 trillion, daily active users grew by 90%, and Hyperliquid now controls more than half of the on-chain perpetual contract market. However, HYPE prices are taking a breather after a strong rebound of nearly 50% in August.
For bulls, the key task is to regain the resistance levels of $74,$76 and $78. If these levels are exceeded, the possibility of returning to $80 will increase significantly. After that, traders will start looking for new highs.
For bears, the focus is still on the support level of US$70. Losing this area could lead to a deeper correction to $68 or even $66. Currently, HYPE prices are still in consolidation mode, but Hyperliquid's business performance remains one of the strongest in the cryptocurrency industry.
Frequently Asked Questions
Can HYPE prices return to recent highs? To return to recent highs, HYPE prices may need to first regain resistance at $74,$76 and $78. A breakthrough of $80 would strengthen the bullish case and could open up room for further gains.
What factors may drive HYPE's next round of gains? Continued growth in transaction volume, fee revenue and user activity is likely to be the strongest catalyst. If Hyperliquid continues to expand market share and attract more traders, investors may believe that HYPE prices are undervalued relative to the platform's performance.
