In the wider market, there are speculations that the stats favoring the constant growth of Hyperliquid L1 have also pushed the price of the HYPE in an upward direction, and as of writing, it was at $36.47 with a monthly surge of 80.21%.
According to the data from Defillama, the TVL of Hyperliquid L1 on January 01, 2025, was $403.38 million, which fell to $267.97 million on January 20, 2025, and on June 03, 2025, was $1.546 billion.
Hyperliquid L1 ecosystem has mirrored an appericable growth in terms of TVL to daily volume and this spike mirrors the growing interest of users towards the blockchain, as of June 04, 2025 the network boasts a TVL of $1.571 billion which grew around 1.65% intraday, demonstrating a growing inflow of funds in the ecosystem.
Source: Defillama Hyperliquid token price analysis
The data available on CoinMarketCap states that HYPE/USDT grew 114.21% in the past three months, a massive growth of 268% has been noted in the past 6 months, and in the year-to-date time frame, it is up by 52.99%.
Source: CoinMarketCap
Until publishing Hyperliquid token was exchanging hands above 20, 50, 100, and 200-day exponential moving averages and has a market capitalization of $12.27 billion, and trading volume is $297.26 million with a loss of 12.30%.
In the past 24 hours, Hyperliquid traded in the range between $19.65 to $38.18, yet on May 26, 2025, the token registered its all-time high of $39.93. However, in the last phase of 2024, the token marked its all-time low of $3.20. The highest traded pair of Hyperliquid is HYPE/USDT, followed by HYPE/USDC on KuCoin.
The nearest resistance of HYPE tokens is $43.501 and $51.475, and its identified support is $22.627 and followed by support of $17.701 and $9.727.
With a market cap that increased from less than $9 billion in April 2025 to over $12 billion by early June, the HYPE token has demonstrated an exclusive comeback. It had a drop after reaching a peak of $9.95 billion in December 2024, but it remained steady until the beginning of 2025.
Crypto market price updates
Until publishing, the crypto market cap was $3.32 trillion with a slight growth of 0.11%, and the trading volume was $106.21 billion. At the same time, the crypto fear and greed index was at 58, indicating neutrality.
Bitcoin seems to be tumbling in the range between $103k to $105k, and its market capitalization saw a steep decline to reach $2.09 trillion, and the trading volume is above $42 billion.
