Hyperliquid’s TVL more than doubles in May, crossing $1.46B, fueled by DeFi momentum and institutional capital inflows.
Binance to list HYPE perpetuals with 50x leverage, signaling rising market demand for access to Hyperliquid ecosystem assets.
HYPE price explodes over 1,190% YoY, with top traders betting big—longs exceed $4.9M as bullish conviction deepens on Bitget.
Hyperliquid has surged into the top 10 blockchains by total value locked (TVL), doubling its TVL to $1.46 billion within a month, according to data shared in a Cointelegraph update. This rise follows a consistent capital influx through May, signaling increasing DeFi traction and investor confidence in Hyperliquid’s long-term viability.
TVL Breakout Marks DeFi Expansion Milestone
Hyperliquid’s TVL trajectory has been anything but ordinary. In a post by Cointelegraph, the chain’s locked capital soared from near-zero levels to over $600 million by February, spiked above $900 million in March, briefly dipped in April, and then rebounded sharply past $1.5 billion by late May. The rapid recovery points to fresh capital inflows from institutional-grade wallets and deepening protocol integrations.
Such momentum places Hyperliquid among the fastest-growing blockchains in decentralized finance, now ranking as the 10th largest by TVL. Sustained capital allocation in May reflects broader trends in cross-chain liquidity migration and smart contract usage. Protocol-level innovations, including low-latency execution and on-chain orderbooks, have likely catalyzed increased usage and yield-driven deposits across trading pools.
Binance Launches HYPE Perpetuals as Market Demand Spikes
Binance Futures confirmed it will list the USDⓈ-M HYPE Perpetual Contract on May 30, 2025, at 10:30 UTC. According to a report by Binance Futures, the contract will support 50x leverage, offering exposure to HYPE’s volatile price movements with USDT margining. The listing underlines Binance’s strategic aim to capture rising user interest in Hyperliquid ecosystem assets.
This move follows a wave of demand from traders seeking access to liquid derivatives linked to high-performing tokens. Binance stated the new product reflects "growing institutional and retail demand" for structured trading instruments that allow advanced positioning on emerging blockchain projects. The listing also implies increased confidence in HYPE’s liquidity depth and market maturity.
HYPE Price Skyrockets +1,190% on Bitget and Hyperliquid
HYPE, Hyperliquid’s native governance token, is now trading at $32.42—up +1,192.80% over the past year, according to price charts on Bitget. Starting near $10, the asset showed minimal volatility until April, when momentum shifted sharply. The breakout past $25 came quickly, with price action peaking above $35 before retracing slightly in late May.
Market data from Whale Watch Perps shows a top trader by PnL on Hyperliquid recently added $10.01K to an existing long position of $4.91 million at an average entry of $34.40. The trader’s liquidation level sits at $25.96, indicating strong bullish conviction despite short-term retracements. This activity coincides with the HYPE uptrend, reinforcing speculation-driven capital rotation into Hyperliquid’s core asset.
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