Hyperliquid rockets 260% off April lows—daily revenue hits $2M while open interest flirts with $1B

Hyperliquid’s native token stages a blistering recovery, leaving April’s lows in the dust as protocol metrics scream ’bull market.’

Daily revenue cracks $2 million—enough to make traditional finance brokers weep into their 2% management fees—while open interest lurches toward the psychological $1 billion milestone.

Who needs Wall Street’s permission when decentralized derivatives are printing these numbers? Just don’t ask about the next drawdown.

Immediate support lies at $24.76 and $22.32, while $20 offers a stronger psychological support. Resistance sits at $28.13, with a clear path to $30 and potentially the all-time high of $34.96 if momentum and volume holds. 

A more substantial decline toward $20 might result from a drop below $22. Even though the trend is still strong, the market’s reaction to this overbought stage will probably determine the next course of action.