Hyperliquid’s revenue was $5.48 million within the past 24 hours, which is also the all-time high daily earnings. This indicates its increasing dominance within the decentralized trading arena. Besides, platform fees also rose to $6 million. This increase in activity reflects strong demand from traders and increased platform usage.
Its open interest has also established new records for seven straight days, totaling $13.8 billion. On July 12, the OI jumped to $10.6 billion. This jump follows Bitcoin’s ascent above $119,000 on July 10, indicating growing investor confidence.
Other significant figures also paint a similar optimistic picture for Hyperliquid. Its native token, HYPE, stands at $45.14. Its market cap is over $15 billion as well as a fully diluted valuation (FDV) of $45.13 billion.
The remainder of the DeFi ecosystem also saw a slight boost, with the total value locked (TVL) rising to $1.97 billion, up 0.14% in the last 24 hours. In line with growing interest in Hyperliquid, Nasdaq-listed Group Holding (LGHL) is reportedly investing $2 million of its treasury into the HYPE token over the last month.
Also Read: Hyperliquid Trader James Wynn Goes 40x Long on Bitcoin
