- Hype saw a bullish market structure fracture and can be set for more profit
- The decentralized exchange in recent weeks has witnessed the increasing number of transactions and new users
Hyperliquid [HYPE] has paid almost 4% of its value in the last 24 hours, with the daily trading volume of token by almost 9% compared to the previous day. This, after the bullish market structure, the token was achieved on January 30 when the prize climbed its prize beyond $ 23.74 in the charts.
Source: Hype/USDT on TradingView
In an earlier analysis, Ambcrypto noted that these strong profits can be the start of a larger rally.
That long-term bullish-outlook has not yet changed. The RSI reflected bullishness in addition to the price promotion. Other statistics revealed that the growth of this DEX (decentralized exchange) is equipped with its own L1 in the coming months.
Hyperliquid leads in trade volume, records an impressive growth of user number
Source: Artemis
Data from Artemis showed that Hyperliquid dominated the trade volume of the perpetual protocols.
Of the total $ 713.8 billion traded in the last three months in the top 10 protocols, Hyperliquid accounted for $ 419.1 billion or 59.6%.
Source: Defillama
On the other hand, the total value (TVL) has fallen steadily since mid -December.
The volume of the token also registered a falling trend, with a few from bijters such as 10 and 20 January. What is even more important is the perps volume higher, compared to the second half of December.
Source: Dune
In one Post on XCrypto Analyst Miles Deutscher pointed out that the cumulative hyperliquid transactions and the total number of users have risen rapidly. This hinted on a greater acceptance and a “project that found a strong fit of the product market.”
Source: Dune
The volume and the number of new users also saw an increase in December. Volum statistics continued to grow in the past month – a sign of increased use and popularity.
The steady number of new users in recent weeks, if sustained, could see more demand for hype and more traction for the project.
Read hyperliquid’s [HYPE] Price forecast 2025-26
In general, the dominance in the trade volume of the perpetual protocols and its steady growth in the past two months meant that Hype is a promising project that should not achieve full potential yet. It will certainly bring the attention of investors, especially as soon as the price promotion becomes Bullisher.