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Hyperliquid Achieves $400B Trading Volume and $100M Revenue as HYPE Token Nears Key Breakout
Hyperliquid Achieves $400B Trading Volume and $100M Revenue as HYPE Token Nears Key Breakout
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BTCCSquare news:
Hyperliquid has emerged as a dominant force in decentralized perpetual trading, recording $400 billion in volume and $106 million in revenue in August. The platform now commands 70% market share in its niche, attracting both retail and institutional investors with its gas-free HyperEVM blockchain that rivals centralized exchange performance.
HYPE, the native token, shows technical promise despite recent volatility. After retreating from $51, the token consolidates near $44 with resistance at $48.73. A breakout could propel prices toward $55 or even $73, though whale activity introduces uncertainty—a recent $3 million USDC deposit was used to open a Leveraged short position against HYPE.
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