Here’s Why Hyperliquid Hit New ATH At $39 And Why It Could Continue
Hyperliquid has emerged as a leading decentralized finance (DeFi) exchange for perpetual trading, with its native HYPE token increasing over 50% in one week, reaching new all-time highs. The surge in HYPE's price is attributed to growing interest in decentralized platforms for trading. The platform experienced a significant increase in trading volume, recording $78.672 billion from May 11 to May 18, 2025, and achieving its highest daily volume of $17.731 billion on May 21, 2025. Cumulatively, Hyperliquid has reached $1.156 trillion in trading volume since its launch. Open interest surpassed $10.1 billion, and USDC locked on the platform rose to $3.5 billion, generating $22 million in fees within a week. Daily trading volumes exceeded $460 million on May 26, with notable activity from crypto whales purchasing HYPE. Continued buying pressure may lead to further price increases before any corrections occur.
