Hyperliquid’s native token, HYPE, is drawing stronger interest across the crypto market.
Traders have been eyeing its steady climb since March, with recent activity pushing optimism higher. July saw record trading volumes that also translated into a new revenue peak for the protocol.
At the same time, a major product update has widened access to its derivatives market. Now, with retirement funds gaining crypto exposure, sentiment is turning even more bullish.
Market analyst Finish said HYPE posted an all-time high in trading volume last month. He noted that rising activity often matched upward moves in price.
CoinGecko data shows HYPE trading at $40.95, up over 5% in 24 hours. Liquidity is also deeper, reducing slippage and allowing for larger trades without severe price impact.
The July performance also marked the protocol’s highest monthly revenue. Traders suggest this growth could attract more sophisticated participants seeking steady market depth.
Stronger order books have also been reported, which could help maintain price stability during periods of high volatility. Finish said these developments add weight to the current bullish outlook.
Technical levels are also being closely watched. Support has been identified at $35.56 and $30.98, while resistance at $41.67 is under pressure. A confirmed breakout could open a path toward $45.79 and possibly $50.82.
In August, Hyperliquid introduced HIP-3, a governance proposal changing how new perpetuals markets are created.
Finish explained that any participant can now open one with a one million HYPE security deposit. This change lowers entry barriers for derivatives market creation and could increase trading pairs available on the platform.
$HYPE seems like one of the safest 10-year bets
It just made a new trading volume ATH in July, marking a new revenue ATH, and August seems promising as well.
Furthermore, HIP-3 was introduced, which allows anyone to create a PERPs market with a security deposit of 1M $HYPE… https://t.co/Uozweyr5KQ pic.twitter.com/UybufLaBdk
— Finish
(@0xFinish) August 8, 2025
Analysts say more markets could lead to better funding rates and improved price discovery. New listings might also draw additional liquidity providers, increasing overall ecosystem activity. The update follows months of consistent price gains and could help sustain that trend.
Market participants are watching closely to see if HIP-3-driven growth translates into higher token demand.
The correlation between active markets and protocol revenue has been strong historically. If activity continues climbing, HYPE’s trading environment could strengthen further.
Finish also pointed to a recent regulatory change allowing 401k retirement accounts to acquire crypto assets.
He said such access can channel longer-term, more stable capital into the market. For HYPE, this could mean a new investor base less prone to short-term speculation.
Fund managers view these inflows as potentially transformative for smaller-cap assets. They also caution that liquidity, regulatory clarity, and token distribution will remain critical factors. A measured pace of adoption could benefit HYPE’s long-term price sustainability.
The combined effect of growing trading volumes, market expansion through HIP-3, and broader institutional access has kept sentiment positive. If the $41.67 resistance falls, market watchers believe new highs may follow sooner rather than later.
The post Hyperliquid Posts Revenue Record, HYPE Price Pushes Higher appeared first on Blockonomi.
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