- Hyperliquid’s May trading volume of $248 billion positions it as a leader in both DeFi and centralized exchange performance.
- Institutional backing from Nasdaq-listed companies boosts Hyperliquid’s credibility and drives further adoption of its HYPE token.
- The rollout of HyperEVM has turned Hyperliquid into a versatile DeFi ecosystem with high-speed execution and smart contract utility.
Hyperliquid has reported over $1.6 trillion in cumulative trading volume, further reinforcing its position at the forefront of decentralized finance. In May of 2025 alone, the platform was able to process a record of 248 billion dollars in trades, putting it in the top tier of trading activity in the digital asset sector.
Hyperliquid’s advantage stems from its on-chain execution engine, which can handle up to 200,000 transactions per second with 0.2 seconds of latency. This performance level is typically associated with centralized exchanges.
Unlike platforms such as dYdX or GMX, which rely on off-chain systems or delayed oracles, Hyperliquid executes all trades directly on-chain with minimal slippage and no wallet confirmation delays.
HYPE Token Price Seeks Support After Correction
HYPE is approximately trading at 37.25, having fallen back after it reached a local high of 44.40. An action in price today would indicate that the current support zone is getting in the range of $36.50 to $38.50. Technical on-chain data depict a promising chance of rekindled price action, as the RSI rests at about 52, whereas MACD suggests a bullish cross formation.
In February 2025, Hyperliquid released the HyperEVM, an execution layer parallel to the Ethereum Virtual Machine. It led the platform to a wider DeFi ecosystem, having been previously used as a trading-specific network. The composability of smart contracts and rapid execution speeds have given way to the use of builder codes to reach the liquidity in the network.
Nasdaq-listed Lion Group Holdings recently disclosed a $600 million crypto treasury initiative, identifying HYPE as its primary digital reserve asset. Following the announcement, the company’s share price rose by 20 percent. Eyenovia, another Nasdaq-listed firm, has partnered with Kinetiq to operate a validator node and staked over one million HYPE tokens. The node is hosted by a SOC 2-certified infrastructure provider, Pier Two, indicating increasing institutional confidence in Hyperliquid’s security model.
