- Media threshing has seen a structure of the bull market break and can be set for more gains
- The decentralized scholarship has seen an increase in the number of trades and new users in recent weeks
The hyperliquid (hype) has lost almost 4% of its value in the last 24 hours, the daily trading volume of the token dropped by almost 9% compared to the day before. This, after breaking up of the Haussier market, the token reached on January 30 when its price exceeded $ 23.74 on the graphics.
Source: Hype / USDT on tradingView
In a previous analysis, Ambcrypto noted that these strong gains could be the beginning of a more important rally.
This long -term optimistic perspective has not yet changed. The RSI reflected optimization in parallel with the action of prices. Other measures have revealed that the growth of this Dex (decentralized exchange) equipped with its own L1, may be possible in the coming months.
Hyperliquid leads in the volume of exchanges, records impressive growth in the number of users
Source: Artemis
Artemis data have shown that hyperliquid dominated the volume of trading in perpetual protocols.
Of the total of $ 713.8 billion negotiated in the last three months in the 10 main protocols, the hyperliquid has represented $ 419.1 billion or 59.6%.
Source: Defillama
On the other hand, the total locked value (TVL) has regularly decreased since mid-December.
The volume of the token also recorded a downward trend, with aberrant values such as January 10 and 20. Most importantly, the Perps volume climbed higher, compared to the second half of December.
Source: Dune
In an article on X, the Crypto Miles Deutscher analyst stressed that the cumulative hyperliquid trades and the total number of users count increased rapidly. This suggested greater adoption and a “project that found a strong adjustment of the product market”.
Source: Dune
The volume and the number of new users have also increased in December. The metric of the volume continued to grow during a last month – a sign of increased use and popularity.
The constant number of new users in recent weeks, if supported, could see more media threshing requests and more traction for the project.
Read the hyperliquid price forecast (hype) 2025-26
Overall, the domination of the perpetual protocols exchange volume and its regular growth in the last two months meant that beaten media is a promising project that has not yet reached its full potential. It is sure to attract the attention of investors, especially once the price action becomes more optimistic.
