Hyperliquid's HYPE token hit new all-time highs at $39 amidst growing popularity as a leading decentralized finance exchange for perpetual trading.
The rise in Hyperliquid's price has been driven by increased attention and trading volume on the platform, with notable trades attracting significant interest.
Hyperliquid recorded its highest weekly trading volume of $78.672 billion and its highest daily trading volume of $17.731 billion, indicating significant activity on the platform.
The platform also celebrated a new all-time high in open interest, with $10.1 billion, and generated significant fees, showcasing continued bullish momentum for the HYPE token.