Hyperliquid's recent trading activity continues to rise, with platform revenue, trading volume, and open interest all reaching new highs. Driven by this momentum, HYPE, although pulling back after hitting a record high of $76.70, has still gained over 30% over the past week.
Cumulative income exceeds $1.16 billion
CoinJournal reports that Hyperliquid's revenue growth since 2026 has become a focal point for the market. Data shows that the platform's cumulative revenue has exceeded $1.16 billion, placing it among the highest-revenue protocols in the crypto market.
This growth was primarily driven by increased trading volume in the perpetual contracts market. The platform has attracted both retail traders and institutional participants, sustaining a continuous rise in overall activity.
- The 24-hour trading volume is approximately $1.38 billion.
- The total value locked on the platform is approximately $6.38 billion.
- Total income has exceeded $1.16 billion.
Open interest surpasses $6 billion
On June 14, Hyperliquid's total open interest surpassed $6 billion, indicating the platform's growing share in the global perpetual futures market.
The report also noted that Hyperliquid is expanding beyond its original crypto-native derivatives business, adding markets for stocks, commodities, indices, and pre-IPO assets. These new products are bringing additional trading volume to the platform.
HYPE remains in a high-range consolidation
HYPE previously rose to $76.70, then retraced to around $72.50. Despite short-term gains being partially erased, the overall trend remains strong.
According to the data provided, HYPE has risen over 30% in the past seven days and more than 52% over the past month. The article suggests that the current price structure still indicates the upward trend remains intact.
From a technical perspective, HYPE continues to trade above its key daily moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day moving averages. The Relative Strength Index (RSI) is at 62, indicating a neutral-to-strong zone, suggesting that the price has not yet entered an overtly overbought state.
The report indicates that $75.62 is a key short-term resistance level. If the price reclaiming this level, the market may continue to move higher; if the pullback intensifies, $56.50 is viewed as a significant support level within the current structure.