Hyperliquid reaches $13 billion in trading volume, with HYPE trading between $30 and $32. With a 316% year-to-date yield

Hyperliquid has achieved a record platform volume of $13 billion within 24 hours, marking a new all-time high for this decentralized exchange. The platform's token, HYPE, has demonstrated strong performance against major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Analysts have observed a consistent demand for HYPE over the past three days.

The Hyperliquid Assistance Fund has acquired 118,000 HYPE tokens for approximately $2.8 million, which averages around $24.30 per token. In total, the fund has accumulated 11,159,440 HYPE tokens for about $65 million, with an average purchase price of $5.85 per token. This investment has yielded a remarkable 316% year-to-date return as of December 19, 2024. Currently, HYPE is trading between $30 and $32, leading some analysts to suggest that it may be undervalued.

HYPE's market capitalization is estimated to be about one-third that of Binance Coin (BNB). Hyperliquid is projected to generate approximately $300 million in revenue in 2024, in stark contrast to Binance's forecast of $30 billion. Presently, Hyperliquid has around 300,000 users, whereas Binance boasts a user base of 300 million.$