Despite some recent price declines, hyperliquid (HYPE) is attracting capital, traders remain active and the momentum has not really disappeared. So the big question is: where do we go from here?
Hyperliquid is part of the big leagues!
According to the latest inflow data, crypto capital is concentrated in a few major ecosystems, and Hyperliquide is now one of them.
Over the past three months, Arbitration (ARB) was ranked first with around $16 billion in admissions, followed by Ethereum (ETH) at just over $12 billion. Just behind was Hyperliquidalmost matching Ethereum with around $12 billion as well.
Source:
The gap between second and third place was surprisingly small, and well ahead of networks like Base Or Polygon (POL)which were around 1 to 2 billion dollars.
And it continues to grow while others shrink!
While most major chains have seen their capital decline over the past month, Hyperliquid is the only network in the top 10 to experience positive growth.
Ecosystems like Ethereum, Solana (SOL)And BNB Channel (BNB) all saw double-digit TVL declines. On the contrary, Hyperliquide saw an increase of around 9% – its total value locked was over $2.3 billion.
Source:
This difference is important because users stay and actively use the platform.
HYPE is up there
The price of HYPE has declined over the past week, falling approximately 8%. The altcoin is trading in a tight range, with indicators like the RSI at near neutral levels. There seems to be a lack of trust, which is necessary to make a decisive decision in any direction.
Source: TradingView
However, the derivatives numbers looked much better.
Open interest remained stable at around $1.12 billion and funding rates returned to positive. There also appears to be growing bullish sentiment.
Source: Coinalyse
At the time of writing, despite some short-term weakness, HYPE was still up about 25% year to date.
This makes him one of the surprise artists of the year so far. Therefore, traders could perhaps start preparing for another rise!
Final Summary
- Hyperliquid has become one of the main capital platforms in recent months.
- The native token is already up 25% since the beginning!
