Hyperliquid (HYPE) is up 15% this week and now trades for $33.36.

Earlier today, the decentralized exchange token saw its highest ever weekly price of $37.45. There has been a rise of 21.30 percent over the course of the preceding week due to this.

Hyperliquid (HYPE) has risen by 15 percent this week, bringing the price of the decentralized exchange token to $33.36.

Earlier today, the token saw its highest ever weekly price of $37.45. This has led to a rise of 21.30 percent over the course of the preceding week.

At the moment, the ticker for Hyperliquid is HYPE and it is available on TradingView. According to the data from the platform, the trading volume for the token is 470.48K.

Since early April, the chart has gradually increased, with a major bump in May. After maintaining its position as the market leader in the decentralized perpetual futures industry, Hyperliquid has begun to attract the attention of the market. The platform’s growth is matched by its greater involvement in the crypto industry.

Hyperliquid brought in 121% more revenue than Ethereum and Solana over the course of this week, as reported by Satoshi Club on X.

Due to its steady revenue stream, the platform is now considered one of the top decentralized exchanges. In just February, Hyperliquid earned $50 million and is expected to collect $600 million over a year from only perpetual futures trading.

After it began, Hyperliquid saw a daily trading volume of $21 billion, with an open interest of around $4.7 billion. The fusion of these two platforms makes it possible for 100% uptime and it manages about half of the trade volume in decentralized exchange perpetual futures.

Operational efficiency has ensured the brand brings in $9.5 million per day, showing it is capable of growth.

Out of the total HYPE supply, over 5% has been bought back and burned by Hyperliquid. The aim of this mechanism is to see the token value increase as the years go on.

At the same time as perpetual futures trading surged from $1.34 billion to $5.96 billion, open interest for the platform increased from six hundred million dollars to $3.2 billion in the previous year.

Now, Hyperliquid is making the move into spot market trading. Customers will be able to trade leading cryptocurrencies such as Bitcoin, Ethereum and Solana on the platform.

It is expected that as a result, the company’s annualized revenue from typical trading will grow from $750 million to a much larger figure.

With the HyperEVM launch set for Q1, people will be able to create and deploy new distributed applications on the blockchain without permission.

Becoming a high-throughput Layer 1 blockchain (that is Hyperliquid) could open the way for it to appeal to a wider group of users.

If Hyperliquid continues to grow and gains 20 percent of Binance’s total trading volume, it could reach between $50 and $100 per token, according to current forecasts.