Key Insights
Hyperliquid logged $29 billion in daily trading volume and $7.7 million in fees, signaling robust market participation and liquidity growth.
HYPE climbed 19% in a week, trading at $48.57 and approaching its record high of $49.75 set in mid-July.
Institutional adoption is growing with Anchorage Digital Bank offering custody and Circle launching native USDC and CCTP V2 on Hyperliquid.
Hyperliquid has reached new records in trading performance with $29 billion in 24-hour volume and $7.7 million in fees, according to an August 15 update. This activity coincides with increased network usage and higher investor participation, indicating stronger market engagement.
The native token HYPE traded at $48.57 at press time, up 19% over the past week and 1.6% in the last 24 hours. The price is only 1.1% below the record $49.75 reached on July 14. Over the past week, the token maintained a range between $40.46 and $49.13, showing consistent upward movement.
Liquidity and Institutional Growth
Data from DefiLlama shows Hyperliquid’s total value locked has risen to $610 million from about $460 million in mid-July. Monthly USD inflows jumped from $21.35 million in June to $349.27 million in July. Institutional adoption is expanding, with Anchorage Digital Bank announcing on August 13 its custody service for HYPE.
On July 31, Circle confirmed the launch of native USDC and CCTP V2 on Hyperliquid. This update enables direct on and off-ramps, cross-chain transfers, and greater liquidity for decentralized finance and derivatives markets. These developments are seen to enhance network utility and trading efficiency.
Technical Indicators Point to Strength
Market indicators remain positive for HYPE. All major moving averages, from the 200-day SMA to the 10-day EMA, signal buying strength. The relative strength index stands at 63, suggesting room for further gains before overbought conditions. The MACD is in positive territory, while the stochastic reading of 87.81 indicates ongoing buying interest.
Source: TradingView
The Bollinger Bands are narrowing as the price approaches the upper band, signaling potential volatility expansion. Analysts note possible upward targets near $52 and $55 if the price breaks above $49.75. Support levels are identified at $45 and $42, aligning with the 20-day EMA and the mid-Bollinger band.
