Bootstrap
Trading Non Stop
ar | bg | cz | dk | de | el | en | es | fi | fr | in | hu | id | it | ja | kr | nl | no | pl | br | ro | ru | sk | sv | th | tr | uk | ur | vn | zh | zh-tw |

What could affect the price of HYPE?

Hyperliquid’s price is balancing between new technology upgrades and market ups and downs.

  1. Protocol Upgrades (Positive) – The HIP-3 update lets anyone create perpetual markets, increasing trading activity.
  2. DEX Competition (Mixed) – Hyperliquid leads in derivatives trading but faces growing competition from platforms like Jupiter and EdgeX.
  3. Whale Activity (Unstable) – Large investors buying over $19 million worth of HYPE adds liquidity but also causes price swings.

In-Depth Look

1. Protocol Upgrades & Tokenomics (Positive Impact)

Overview:
In October 2025, Hyperliquid launched HIP-3, which allows anyone to start perpetual markets by staking 500,000 HYPE tokens. This encourages more trading on the platform. Also, 97% of trading fees go toward buying back HYPE tokens, which reduces the number of tokens available and can increase value. The testnet launch of the BorrowLendingProtocol (BLP) (AMB Crypto) could expand decentralized finance (DeFi) options for users.

What this means:
More trading markets could lead to more buybacks, making HYPE tokens scarcer and potentially more valuable. The BLP could attract more users who want to stake tokens, increasing demand. However, the high staking requirement (500,000 HYPE) might limit participation to large holders, which could centralize control.

2. DEX Leadership vs. Growing Competitors (Mixed Impact)

Overview:
Hyperliquid is the top decentralized exchange (DEX) for perpetual contracts, with $317 billion in trading volume in October (CryptoNewsLand). However, competitors like Lighter ($272 billion) and EdgeX ($137 billion) are catching up.

What this means:
Being the market leader supports HYPE’s value, but if competitors take more market share, it could hurt sentiment. Keeping strong liquidity incentives and a good user experience is key. If Hyperliquid’s market share drops below 60%, it might trigger negative market reactions.

3. Large Investor Activity & Leverage Risks (Unstable Impact)

Overview:
In August 2025, large investors (“whales”) deposited $19.38 million USDC to buy HYPE (CoinMarketCap). Meanwhile, traders in ZEC made $1.25 million in profits using Hyperliquid (AMB Crypto).

What this means:
Big purchases show confidence but also increase risk if these investors sell suddenly. High leverage trading (like 3x on WLFI tokens) can cause big liquidations during market swings, as seen in October’s $10 billion liquidation event (Crypto.news).

Conclusion

Hyperliquid’s future depends on continuing innovation with HIP-3 and BLP while managing competition and risks from large traders. Short-term price swings are expected, but upgrades and token buybacks offer solid support. Keep an eye on HIP-3 adoption and whale activity to see if staking demand can balance out selling pressure from upcoming token unlocks (23.8% of team tokens vesting through 2027).


What are people saying about HYPE?

The Hyperliquid (HYPE) community is excited about its technology but also worried about upcoming token unlocks. Here’s what’s making headlines:

  1. Technical traders targeting $60+ after a strong price breakout
  2. Debate over undervaluation versus concerns about token unlocks
  3. Fee-based tokenomics praised, but staking isn’t widely used
  4. Big investors split – one bets $2M on a price drop, another buys $19M
  5. Large token unlocks starting Nov 29 – $500M worth per month

Deep Dive

1. @cryptonary: Bullish trend points to $60+ target 🚀

“HYPE held above $45.80, broke resistance at $49, and now aims for $70 by year-end. RSI confirms strong momentum.”
– Cryptonary (93K followers · 45K impressions · Sep 13, 2025)
View original post
What this means: This is a positive sign for HYPE. The price has broken out of a multi-month range, with $52–$53 acting as important support levels.

2. @0xMojojo: “You’re not bullish enough” 💸

“1.8M average buys of HYPE… undervalued compared to Tron, Ethereum, and Solana based on market cap and revenue.”
– @0xMojojo (30K followers · 448K impressions · Sep 12, 2025)
View original post
What this means: The bullish case is based on Hyperliquid’s $1.2 billion annual revenue versus its $14 billion market cap, giving it a price-to-sales ratio of about 12.5x. This is much lower than Ethereum’s ratio of over 3,000x, suggesting HYPE might be undervalued.

3. @MrMinNin: Burn rates vs unlock risks ⚖️

“97% of fees are burned, staking offers 55% APY, but 23.8% of tokens held by the team unlock on Nov 29.”
– Mr MinNin (3.3K followers · 1.5K impressions · Oct 22, 2025)
View original post
What this means: There’s a balance here. The platform burns a large portion of fees (about 333,000 HYPE tokens per month), which reduces supply. However, the upcoming unlocks could add $500 million worth of tokens to the market monthly, which might put selling pressure on the price unless adoption grows.

4. Whale alert: $2M short vs $19M buy 🐋

“One whale shorts HYPE at $45.52 with 10x leverage, while another deposits $19.38 million USDC to buy HYPE.”
– CoinGlass (23K followers · 5.6K impressions · Aug 17, 2025)
View original post
What this means: Big investors have different views on HYPE’s short-term price. Some are betting it will drop, while others are buying heavily, showing mixed sentiment despite long-term confidence in the platform.

5. @MaelstromFund: November unlocks raise concerns 🗓️

“237.8 million HYPE tokens ($11.9 billion) start vesting Nov 29. The market hasn’t priced in the $410 million monthly supply increase after buybacks.”
– Maelstrom (28K followers · 364 impressions · Sep 22, 2025)
View original post
What this means: This is a risk factor. Even with $65 million in monthly buybacks, the large token unlocks could flood the market if trading volume doesn’t keep up, potentially pushing prices down.

Conclusion

The overall outlook on Hyperliquid (HYPE) is optimistic but cautious. Traders are encouraged by the recent price breakout and strong revenue performance (HYPE accounts for 71% of on-chain perpetual futures volume). However, the large token unlocks in November ($11.9 billion in notional value) could challenge the current rally supported by buybacks. Keep an eye on the $52–$53 support level and daily trading volume (currently $353 million) to see if demand stays strong. The big question: Can Hyperliquid maintain its reputation as the “AWS of liquidity” amid this upcoming unlock wave?


What is the latest news about HYPE?

Hyperliquid is making moves in decentralized finance (DeFi) while dealing with market ups and downs. Here’s the latest update:

  1. BLP Testnet Launch (November 10, 2025) – Hyperliquid is testing a new on-chain lending system to grow its DeFi platform.
  2. Analyst Recognition (November 9, 2025) – Experts named Hyperliquid one of the top cryptocurrencies for 2025, highlighting growing interest from big investors.
  3. Trading Volume Leadership (November 9, 2025) – Hyperliquid handled $1.7 trillion in trading volume in October, leading decentralized exchange (DEX) activity.

Deep Dive

1. BLP Testnet Launch (November 10, 2025)

What’s happening:
Hyperliquid is testing its BorrowLendingProtocol (BLP) on the Hypercore network. This lets users borrow and lend stablecoins like USDC and PURR directly on the blockchain. It’s a big step toward offering more integrated financial tools, moving beyond just trading perpetual contracts.

Why it matters:
This is good news for Hyperliquid (HYPE) because it could attract more DeFi users who want flexible lending options. However, success depends on how smoothly this system moves from testing to full launch. If there are delays or technical issues, it could slow down growth. (AMBCrypto)

2. Analyst Recognition (November 9, 2025)

What’s happening:
Financial analysts have named Hyperliquid a top cryptocurrency to watch in 2025. They point to $6.4 billion in large “whale” positions and steady price support above key moving averages. Additionally, 21Shares’ filing for an ETF including HYPE has increased interest from institutional investors.

Why it matters:
This boosts Hyperliquid’s reputation but also means the price could be volatile if big investors decide to sell. The potential ETF could bring more money into HYPE, but regulatory challenges remain. (CoinMarketCap)

3. Trading Volume Leadership (November 9, 2025)

What’s happening:
In October, Hyperliquid led decentralized exchange perpetual contract trading with $317 billion in volume, ahead of competitors like Aster ($820.8 billion) and Lighter ($272.5 billion).

Why it matters:
High trading volume shows strong liquidity, which is important for smooth trading. However, because much of this volume comes from derivatives, HYPE’s price can be affected by wider market swings. Continued high volume might help stabilize prices after a recent 24% drop over 60 days. (CryptoNewsLand)

Conclusion

Hyperliquid is combining new technology, growing institutional interest, and strong trading activity to push its DeFi goals forward. Still, risks like token unlocks and market leverage remain. The big question is whether the BLP mainnet launch will spark a new growth phase or if broader market challenges will limit gains.


What is expected in the development of HYPE?

Hyperliquid is moving forward with several key updates:

  1. Permissionless Perpetuals (October 13, 2025) – The HIP-3 upgrade lets anyone create new markets by staking HYPE tokens.
  2. USDH Stablecoin Launch (Q4 2025) – Plans to release a stablecoin backed by community input, with Paxos and Frax competing to manage it.
  3. HyperEVM Integration (Q1 2026) – CoreWriter will connect HyperEVM with HyperCore, improving decentralized finance (DeFi) app compatibility.
  4. Validator Governance Expansion (2026) – More decentralized decision-making through validator voting on protocol changes.

Deep Dive

1. Permissionless Perpetuals (October 13, 2025)

What’s happening: The HIP-3 upgrade (Yahoo Finance) allows anyone to launch perpetual futures markets by staking 500,000 HYPE tokens. This reduces the need for centralized control and opens up more trading options, like the recent LINEA-USD market. Safety measures include limits on open interest and penalties for validators who act improperly.
Why it matters: This should increase demand for HYPE since staking locks up tokens and new markets generate fees. However, there’s a risk that some markets might have low quality, which could hurt liquidity.

2. USDH Stablecoin Launch (Q4 2025)

What’s happening: Hyperliquid is creating USDH, a stablecoin designed to maintain a steady value and comply with regulations. Most of the earnings from its reserves (95%) will be used to buy back HYPE tokens (HYPERDailyTK). Paxos and Frax Finance are both proposing ways to manage USDH, with Frax suggesting all earnings go back to the community.
Why it matters: This adds real use for HYPE and could reduce the total supply over time, potentially increasing its value. Clear regulatory approval could also attract more institutional investors.

3. HyperEVM Integration (Q1 2026)

What’s happening: CoreWriter is being tested to allow apps built on HyperEVM to work smoothly with HyperCore (RedStone blog). This will help combine liquidity across different types of financial products like spot trading, perpetuals, and lending platforms such as HyperLend.
Why it matters: This integration encourages developers to build more complex DeFi applications that work across multiple blockchains, which could bring in more users and capital from networks like Ethereum and Solana.

4. Validator Governance Expansion (2026)

What’s happening: Hyperliquid plans to give validators more power to vote on important decisions, like removing assets or changing protocol settings. Recent votes on delisting MKR and LAUNCHCOIN show how this process will work (CoinMarketCap).
Why it matters: This move supports decentralization, which is generally positive for the network’s health. However, it could also lead to short-term uncertainty if validators disagree on key issues.

Conclusion

Hyperliquid’s upcoming updates focus on making the platform more decentralized, launching a community-backed stablecoin, and improving how different DeFi apps work together. These changes could strengthen its position as a leader in DeFi perpetual contracts. Still, challenges like regulatory approval for USDH and ensuring fair validator decisions will need close attention. It will be interesting to see if HyperEVM’s compatibility can attract more developers compared to competitors like Arbitrum or Solana.

{{technical_analysis_coin_candle_chart}}


What updates are there in the HYPE code base?

Hyperliquid’s development shows ongoing improvements to its protocol and growth in its ecosystem.

  1. HIP-3 Protocol Upgrade (October 13, 2025) – Introduced permissionless perpetual markets and integrated HyperEVM for smart contracts.
  2. BLP Lending Protocol Test (November 8, 2025) – Started alpha testing of a new decentralized lending system.
  3. HYPE Vault Optimization (August 12, 2025) – Improved fee distribution to increase token buy-backs and burns.

In-Depth Look

1. HIP-3 Protocol Upgrade (October 13, 2025)

What happened: This upgrade lets developers create perpetual futures markets without needing approval by staking 500,000 Hyperliquid (HYPE) tokens. It also added HyperEVM, which allows smart contracts to run on the platform, and introduced penalties (called validator slashing) to keep the network secure.

This change moves Hyperliquid toward more decentralized control, meaning the community has more power to build and manage markets. Using HyperEVM expands what HYPE tokens can do, especially as a “gas” token to pay for transactions. The slashing system helps prevent bad behavior by validators who maintain the network.

Why it matters: This is a positive development for HYPE because it increases demand for staking and makes Hyperliquid a stronger player in decentralized derivatives trading. More types of markets could attract traders and developers to the platform. (Source)

2. BLP Lending Protocol Test (November 8, 2025)

What happened: Hyperliquid is testing its BorrowLendingProtocol (BLP) on its Hypercore network, supporting stablecoins like USDC and PURR tokens.

BLP builds on Hyperliquid’s existing technology to enable decentralized lending and borrowing. While details are still emerging, this protocol could compete with platforms like Aave by offering new ways to earn yield connected to HYPE tokens.

Why it matters: This is cautiously optimistic for HYPE because it adds new uses for the token and the platform. Success depends on user adoption, but if it takes off, BLP could boost HYPE’s role in decentralized finance (DeFi) lending and increase platform revenue. (Source)

3. HYPE Vault Optimization (August 12, 2025)

What happened: The HYPE Vault now directs 97% of protocol fees toward buying back and burning HYPE tokens, with projections of over $1.5 billion burned annually.

This deflationary approach reduces the total supply of HYPE tokens, which can help increase their value. The vault’s design also aims to offset potential selling pressure from future token unlocks.

Why it matters: This is a positive sign for HYPE because ongoing token burns create scarcity, especially as trading volume grows. However, it’s important for the team to maintain transparency about how fees are allocated to keep user trust. (Source)

Conclusion

Hyperliquid is focusing on decentralization (HIP-3), new financial tools (BLP), and smart tokenomics (HYPE Vault) to strengthen its position in derivatives and DeFi markets. With these upgrades and tests in progress, it will be interesting to see how HYPE evolves as both a governance and utility token.

{{technical_analysis_coin_candle_chart}}


Why did the price of HYPE go up?

Hyperliquid (HYPE) increased by 4.95% over the last 24 hours, reaching $42.08. This growth outpaced the overall crypto market, which rose by 4.26%. The price boost coincides with news about platform expansion and positive technical signals, although the weekly performance remains mostly unchanged, down slightly by 0.6%.

  1. BLP Protocol Testnet Launch – Testing a new on-chain lending feature is raising hopes for growth in decentralized finance (DeFi).
  2. Whale Activity – Large investors trading ZEC and making profits on Hyperliquid are improving market sentiment.
  3. Technical Breakout – The price stays above important moving averages, despite some mixed momentum indicators.

Deep Dive

1. BLP Protocol Testnet Launch (Positive Outlook)

Overview: On November 9, Hyperliquid started testing its BorrowLendingProtocol (BLP) on the Hypercore testnet. This new feature allows users to lend and borrow assets like USDC and PURR directly on the blockchain. This development follows Hyperliquid’s record $303 billion trading volume in October, highlighting its strong position in decentralized perpetual contracts.

What this means:

What to watch: Keep an eye on when the BLP protocol launches on the main network and if it integrates smoothly with Hyperliquid’s current perpetual markets.

2. Whale-Driven Liquidity Inflows (Mixed Impact)

Overview: On November 10, a large ZEC investor (a “whale”) deposited $6.27 million USDC into Hyperliquid and opened a $12.12 million long position, earning a $1.25 million profit. Similar big trades have caused price swings recently.

What this means:

What to watch: Watch if whale trading shifts focus to HYPE markets or causes rapid selling that could impact prices.

3. Technical Consolidation (Neutral to Positive)

Overview: HYPE is trading above its 7-day Simple Moving Average (SMA) at $40.48 and its 30-day Exponential Moving Average (EMA) at $42.21. The Relative Strength Index (RSI) is at 49.3, indicating a neutral momentum. However, the MACD histogram is still negative, suggesting some bearish pressure remains.

What this means:

Conclusion

HYPE’s recent price increase reflects optimism about its DeFi expansion and the impact of large investor activity, though technical indicators suggest caution. The BLP testnet launch could strengthen Hyperliquid’s position in decentralized derivatives if it gains adoption.

Key watch: Can HYPE maintain buying momentum above the $42.21 (30-day EMA) level amid uncertain market conditions? Stay updated on BLP mainnet progress and changes in derivatives open interest.

{{technical_analysis_coin_candle_chart}}