Hyperliquid’s trading platform recorded a third consecutive week of revenue growth, underscoring rising user activity even as broader crypto markets faced renewed pressure.
Data from DefiLlama shows Hyperliquid generated approximately $25.19 million in revenue over the past week, continuing a steady upward trend that has been building since mid-January. The sustained growth comes during a volatile period for digital assets, suggesting traders remain active on the platform despite market uncertainty.
The increase in revenue reflects higher trading volumes and growing engagement with Hyperliquid’s derivatives-focused offering, which has gained traction as traders look for liquidity and leverage during choppy market conditions.
HYPE Price Jumps Over 80% Before Consolidation
Alongside the revenue gains, Hyperliquid’s native token HYPE posted a strong rally before entering a consolidation phase. Market data shows HYPE climbed from a Jan. 21 low near $20.5 to a peak above $38, representing an advance of more than 80%. After the surge, the token retraced and is currently trading around $31.5.
Despite the pullback, relative strength remains evident. The HYPE/BTC trading pair has risen more than 70% over the past two weeks, even as Bitcoin briefly slipped toward the $60,000 level during the broader market downturn.
The combination of rising revenue and strong relative token performance has kept Hyperliquid in focus. Traders are now watching whether platform usage can continue to expand and support price stability following the recent rally and cooldown.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.