Hyperliquid Defies Gravity: Holds Firm at $44 Amid Record $106M Revenue Surge

Hyperliquid isn't just holding the line—it's printing money while doing it.

The perpetual swaps powerhouse just posted a staggering $106 million in revenue, smashing previous records while maintaining rock-solid price stability at $44. This isn't just growth—it's dominance.

Revenue Revolution

While traditional exchanges nickel-and-dime users with hidden fees, Hyperliquid's transparent model keeps traders flooding in. That $106 million didn't come from Wall Street suits—it came from real traders voting with their capital.

Stability Meets Performance

Holding $44 during market turbulence proves this isn't some meme coin fantasy. This is institutional-grade infrastructure delivering both yield and stability—something traditional finance promised but never delivered.

Wake-up call for legacy exchanges: your 0.1% fee model just got obsoleted by a protocol that actually understands what traders want.

Hyperliquid price is showing signs of short-term consolidation after a week of selling streak. The HYPE token is now trading at $44.59, with a negligible 0.2% daily gain but a while bearing a 10.65% weekly loss. Market cap now sits at $14.91 billion, while 24-hour trading volume has dropped nearly 18% to $204.66 million, hinting at reduced market participation.

The price action over the last 24 hours has ranged within a narrow band between $43.42 and $45.20, reflecting indecision among traders. However, the 30-day EMA at $44.04 indicates some mid-term stability. Wondering about what should be your next MOVE with HYPE? Read this analysis for all details.

Hyperliquid Revenue Growth

Beyond price action, Hyperliquid’s fundamentals remain super robust. The trading platform hit a record revenue in August, generating $106 million in fees from nearly $400 billion in perpetual contract volume. This marks a 23% increase from July’s $86.6 million, highlighting Hyperliquid’s growing influence in decentralized derivatives trading. Successively, consistent fee growth could provide long-term support for HYPE’s valuation even amid short-term price volatility.

Hyperliquid Price Analysis

HYPE’s current price of $44.39 is sitting NEAR its 7-day SMA at $44.73 and just below the pivot point at $44.29. The MACD histogram at -0.196 and RSI-14 at 48.77 reflect weak buying momentum, suggesting that bears still have the upper hand.

The $42.40 level, aligned with the 38.2% Fibonacci retracement, is emerging as a critical support zone. A confirmed break below it could trigger accelerated selling toward the next major support at $35.42. On the upside, a close above $45.71 WOULD nullify the bearish outlook and could stage a rebound toward $49.31, with a further stretch of the goal at $56.7.

FAQs

Traders need to note that, $42.40 is the critical support zone. A break below could further accelerate selling pressure to $35.420.

A close above $45.71 would negate the bearish momentum and open upside targets.