In a remarkable surge, decentralized exchange Hyperliquid has shattered records with over $29 billion in 24-hour trading volume, while the HYPE token has seen a notable increase exceeding 10%. This situation reflects strong user engagement amid a turbulent market seeking stability.
Hyperliquid Breaks Records
Hyperliquid’s trading volume has skyrocketed to a historic $29 billion in just 24 hours, marking an important milestone for the platform.
Daily fee earnings reached $7.7 million, indicating increased trading activity and user participation. While high transaction fees can be detrimental to traders in terms of profitability, they typically signify a healthy environment for trading through enhanced transaction throughput.
Hyperliquid reached new all-time highs with $29B in 24h volume and $7.7M in 24h fees. pic.twitter.com/uTs0JE5ch8
— Hyperliquid (@HyperliquidX) August 15, 2025
These numbers underscore the platform’s vigor and a thriving user base. For HYPE investors, such metrics lend credence to the DEX’s momentum and market appeal.
Factors Driving Growth
The timing of Hyperliquid’s boom is no coincidence. Recent upgrades aimed at improving performance and asset listings have contributed significantly to this uptick.
Notably, Anchorage Digital Bank recently announced the custody of Hyperliquid’s HYPE token, ensuring institutional-grade security within HyperEVM. This has further solidified confidence in the platform.
The HYPE is real. Anchorage Digital Bank will custody @HyperliquidX‘s native HYPE token, bringing institutional-grade security to HyperEVM.
If you’re looking for custody of HYPE on HyperEVM, or are a builder looking for support launching your ERC-20 on HyperEVM, send us a DM to… pic.twitter.com/oyroDD6AtT
— Anchorage Digital ⚓ Prime is Live (@Anchorage) August 13, 2025
The overall market sentiment also adds to Hyperliquid’s momentum. The digital asset space remains vibrant as enthusiasts anticipate an altcoin season, further energizing DEX trading activity.
HYPE Price Outlook
The HYPE token has surged by 10.78%, climbing from an intraday low of $44.62 to currently trade around $48.26, reflecting a weekly gain of 15%.
While Hyperliquid’s trading volume increase and fee milestone have spurred the token’s recent gains, dwindling trading volumes could indicate short-lived rallies for HYPE. A sustainable market upturn is crucial for maintaining momentum.
Should HYPE close above $49.75, there is potential for further bullish trends beyond immediate resistance at $52 and $55. Conversely, losing support at $45 could trigger declines toward the $42 demand zone, which may serve as a launchpad for significant rebounds.
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