HYPE Token Eyes $50 New ATH as Perps Trading Hits $1.571 Trillion

$HYPE hyperliquid HYPE token eyes $50 new ATH as Hyperliquid dominates perpetual futures with $1.571 trillion volume and captures 10.54% of Binance's market share. Crypto Journalist Anas Hassan Crypto Journalist Anas Hassan About Author Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech. Author Profile Share Copied Last updated: 4 hours ago Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews HYPE token is positioning for a potential $50 all-time high as Hyperliquid dominates the perpetual futures market with a massive $1.571 trillion in annual trading volume. The token has already established a new peak at $44.86, surpassing its previous December high of $35.51, while the platform generated $56 million in monthly revenue and $310 million in cumulative revenue. Hyperliquid’s market dominance becomes clearer with its $214 billion June trading volume, which exceeds the combined $140 billion from all other on-chain perpetual platforms, according to data from Dune. The decentralized exchange now processes over 70% of DEX perpetual volume while capturing 10.54% of Binance’s market share, up from 9.76% in April. The platform’s impressive metrics include 97% of protocol fee revenue reinvested into HYPE buybacks, aligning token incentives with platform growth. With $3.5 billion in bridge TVL and 500,000 users, Hyperliquid ranks eighth among all blockchains by total value locked at $1.75... https://cryptonews.com/news/hype-token-eyes-50-new-ath-as-perps-trading-hits-1-571-trillion-volume-is-this-the-breakout/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple