The Hyperliquid platform has reached unprecedented levels of performance and adoption, setting multiple new records across key metrics.
Most notably, the platform’s open interest has surged to $10.1 billion, reflecting massive engagement from traders and institutional participants alike.
Alongside this, Hyperliquid generated an impressive $5.6 million in fees within just 24 hours, another all-time high.
The surge in ecosystem activity comes amid growing excitement around Hyperliquid’s decentralized derivatives model, which is rapidly positioning the platform as a dominant force in the DeFi space.
$HYPE Token Reaches All-Time High Amid Market Momentum
Hyperliquid’s native token, $HYPE, has also capitalized on the platform’s momentum, reaching a new all-time high of $39.68 on May 26, 2025.
Currently trading at $38.10, $HYPE has seen a 6.22% gain in the past 24 hours and an impressive 50.03% increase over the past week.
With a circulating supply of 330 million tokens, the project now commands a market capitalization of over $12.7 billion.
The surge in token value reflects investor confidence in the platform’s long-term viability, underpinned by its rapidly growing user base and robust revenue streams.
Also Read: Hyperliquid’s HyperFND Official X Account Has Been Hacked
Trading Volume and TVL Underscore Expanding Ecosystem
Further validating Hyperliquid’s exponential rise is its 24-hour trading volume, which stands at nearly half a billion dollars ($492.7 million), indicating high liquidity and active market participation.
Meanwhile, the platform’s Total Value Locked (TVL) in USDC has reached $3.5 billion, showcasing deep user trust and capital commitment to the protocol.
These figures represent not just speculative hype, but the result of sustained growth and reliable infrastructure.
Also, there are factors that continue to attract both retail traders and institutional entities to Hyperliquid’s ecosystem.
Also Read: Hyperliquid’s HyperFND Official X Account Has Been Hacked
Hyperliquid Poised as a Market Leader in DeFi Derivatives
Hyperliquid’s recent achievements signal its transformation from a rising player to a clear frontrunner in the decentralized derivatives market.
The platform’s ability to generate record-breaking fees and attract billions in open interest demonstrates a strong product-market fit and a maturing economic model.
As more users enter the ecosystem and demand for permissionless trading tools grows, Hyperliquid appears well-positioned to maintain its upward trajectory.
With robust fundamentals, increasing liquidity, and a token hitting new highs, Hyperliquid is quickly becoming one of the most closely watched projects in the crypto sector.