Hyperliquid has passed a major financial milestone, with cumulative revenue exceeding $1.16 billion. The platform's native token, HYPE, reached an all-time high of $76.70 before settling around $72.50. The gains come on the back of a surge in trading activity and open interest that pushed total value locked to roughly $6.38 billion.
Revenue and open interest milestones
The $1.16 billion revenue figure reflects the fees generated since Hyperliquid launched its perpetual futures exchange. Total open interest on the platform surpassed $6 billion on June 14, a record. Twenty-four-hour trading volume hit approximately $1.38 billion. Earlier this year, Hyperliquid controlled about 8.3% of global perpetual futures open interest — a share that has likely grown given the recent activity.
HYPE price momentum and technicals
HYPE is up more than 30% over the past seven days and over 52% in the past month. The relative strength index (14) sits at 62, a neutral reading that leaves room for further upside. The token is trading above all major daily exponential moving averages — the 10, 20, 50, 100, and 200-day EMAs — a bullish signal. Key resistance sits at $75.62, just above the all-time high, while support is at $56.50. Most technical indicators and oscillators show a buy bias.
Expansion into new asset classes
Hyperliquid is broadening its offerings beyond crypto perpetuals. The platform is moving into markets for equities, commodities, indices, and pre-IPO assets. The expansion could open up new revenue streams and attract traders who want to trade traditional assets alongside digital ones. How the platform will structure these markets — and whether they will use the same perpetual futures model — has not been detailed.
