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Title: Hyperliquid Perps Volume Rises to $1.5T and Sees $310M Revenue
As the crypto market continues to evolve, a remarkable trend has emerged in the perpetual futures trading space – Hyperliquid’s volume surge to an astonishing $1.57 trillion in the past 12 months. This substantial increase has been accompanied by a revenue growth of $310 million.
This impressive performance can be attributed to the platform’s innovative approach to decentralized perpetual futures trading, which offers users high-speed execution and transparency. According to research analyst Min Jung of Presto Research, Hyperliquid supports sub-second finality and processes over 100,000 orders per second. Furthermore, its complete on-chain order book enables unparalleled speed and clarity.
Notably, the platform’s volume has seen a significant acceleration since it conducted an airdrop of HYPE tokens in December 2024, with the volume jumping from $75 billion to $150 billion within a single month. Additionally, Hyperliquid’s product expansion through the launch of its Ethereum-compatible smart contract network, HyperEVM, has further boosted trading activity.
It is crucial to highlight that this remarkable growth is also reflected in HYPE/USD price action, which has seen an impressive surge from $12 in April to over $40 by June. The token is now facing resistance at the $42 level as its bullish momentum remains strong with clear support zones identified around $35 and $38.
The open interest in HYPE futures contracts has also seen a notable increase, rising from under $400 million in March to an astonishing $1.86 billion by June 30th. This dramatic increase is commensurate with the price action of the token, further indicating that market participants are heavily positioned for future growth.
As such, it remains to be seen whether this positioning will enable HYPE to overcome its resistance at $42.
Source: cryptotale.org
