Soaring Reach: Hyperliquid Breaks Previous Peak Following 95% Monthly Expansion
Hyperliquid: A Rising Star in the Decentralized Finance World
Hyperliquid, a decentralized finance (DeFi) platform specializing in decentralized perpetual derivatives exchange, has been making waves in the crypto market. Founded by Jeff Yan and his Harvard classmate known as “iliensinc,” the platform has been growing rapidly due to its innovative approach and robust infrastructure.
The platform operates on its own custom-built Layer 1 blockchain, Hyperliquid L1, which features a bespoke consensus mechanism called HyperBFT. Designed for low latency and high throughput, HyperBFT supports real-time order books and high-frequency trading. Unlike many other DeFi projects, Hyperliquid deliberately rejected venture capital funding to avoid misalignment with user interests, instead funding itself to ensure alignment with the community's goals.
The native token, HYPE, has a fixed supply of 1 billion tokens. Early users received 31% via airdrops, future community rewards are allocated 38.89%, the core team holds 23.8% vested over time, and the Hyper Foundation operates with 6% for operations and grants. Trading fees are used to buy and burn HYPE tokens, creating scarcity linked to platform activity.
Since its launch, Hyperliquid has quickly grown into a major DeFi player, achieving $151 billion in trading volume in just two days and $5.8 million in fees. The HYPE token experienced significant price appreciation alongside a $590 million 24-hour volume in mid-August 2025. The platform is praised for its user-focused design, decentralized governance, and non-custodial model, which have collectively helped it gain a market capitalization exceeding $11.9 billion, positioning it as a significant contender often compared to major centralized exchanges but with decentralized trust and transparency.
The growth of the HYPE token is due to a combination of factors, including a record increase in open interest and a growing user and trader base. The positive evolution of technical metrics, such as overcoming key resistances and maintaining solid support levels, has strengthened the confidence of short and medium-term investors.
Hyperliquid's strategic self-funding approach emphasizes transparency and user trust over speculative investment. The platform is seeking strategic collaborations, including one with the U.S. Commodity Futures Trading Commission (CFTC), with the goal of building a more open, transparent, and efficient financial system.
However, it's important to note that the investment in cryptoassets is not fully regulated and may not be suitable for retail investors due to its high volatility, and there is a risk of losing the entire amount invested.
Despite this, experts predict a promising future for Hyperliquid due to its innovative and robust proposal within the DeFi space. The platform reduces transaction costs and improves efficiency compared to traditional platforms, making it an attractive option for both individual investors and institutional players. Hyperliquid's position as a project with significant potential to continue growing and consolidating in the crypto market is well-deserved.
References:
- Hyperliquid Official Website
- Hyperliquid L1 Technical Whitepaper
- Hyperliquid L1 Source Code
- CoinMarketCap Hyperliquid Page
- CoinGecko Hyperliquid Page
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