Hyperliquid (HYPE) Price Prediction: Is The Bitcoin Rally Over After $100K ATH?

Hyperliquid has quickly become a main character in the crypto space after it became the leading decentralized finance (DeFi) exchange

In the rapidly evolving landscape of decentralized finance (DeFi), Hyperliquid has quickly become a main character. The leading DeFi exchange for perp trading, Hyperliquid has become a favorite among crypto traders, especially as interest in DeFi platforms heats up.

This popularity has also brought about a surge in the price of its native HYPE token. The token has seen gains of more than 50% in one week to reach new all-time highs, even as the crypto market continues to be bearish.

HYPE price surges 50% in one week to reach new ATH

At the beginning of the week, the HYPE token was trading at around $68, объявляет данные от बेंजामिन स्पेंसर. However, the token had an impressive rally that saw it gain over 50% to hit an intra-week high of $104 on May 18.

The main driver behind the Hyperliquid price pushing to new all-time highs has been the rise in attention being paid to the platform. As crypto investors are pivoting toward more decentralized platforms for their perpetual trading activities, HYPE’s mindshare has grown exponentially over the last few months.

This rising interest translated to a major surge in the platform’s trading volume over the last few weeks. Most notable were the billion-dollar bets placed by James Wynn, who has quickly risen to become the most popular crypto trader on Hyperliquid. His trades garnered the interest of thousands, putting more eyes on the platforms as onlookers stood by to see the outcome of his trades.

In particular, over the last week, the platform recorded its highest weekly trading volume since its launch, reaching $78.672 billion in trading volume between May 11 and May 18.

Its highest daily trading volume yet was recorded on May 21, 2025, with $17.731 billion trade on the platform. Cumulatively, the Hyperliquid platform has reached $1.156 trillion in volume in three years of operation, DefiLlama data shows.

Other major developments that the platform has seen is the rise in the open interest. The platform celebrated a new all-time high after open interest crossed the $10.1 billion mark on the platform.

The amount of USDC locked on the platform also climbed to $3.5 billion, with $5.6 million in fees generated in only a 24-hour period. In one week, the platform was able to generate over $22 million in fees alone.