{"id":1635,"date":"2025-06-01T12:43:50","date_gmt":"2025-06-01T12:43:50","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquid-surges-in-may-cumulative-volume-exceeds-242b\/"},"modified":"2025-06-01T12:43:50","modified_gmt":"2025-06-01T12:43:50","slug":"hyperliquid-surges-in-may-cumulative-volume-exceeds-242b","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquid-surges-in-may-cumulative-volume-exceeds-242b\/","title":{"rendered":"Hyperliquid surges in May, cumulative volume exceeds $242b"},"content":{"rendered":"
\n

Hyperliquid, the biggest player in decentralized perpetual futures, had its best month ever as volume on its platform soared and its token surged to a record high.<\/p>\n

Hyperliquid (HYPE) price soared to $39.92 on May 26, up by over 327% from its lowest point in April. This surge brought its market cap to over $10.9 billion and the fully diluted valuation to over $35 billion.<\/p>\n

Data sho<\/a>ws that Hyperliquid had a cumulative volume of over $242 billion in May, much higher than other companies combined. Jupiter had $19.78 billion in volume, while Apex Protocol, APX Finance, and edgeX had less than $10 billion each.<\/p>\n

Hyperliquid\u2019s volume in May was much higher than April\u2019s $187 billion and March\u2019s $175 billion. This growth means that Hyperliquid has processed tokens valued at over $1.6 trillion since its inception.\u00a0<\/p>\n

<\/p>\n

Hyperliquid now competes with top centralized exchanges like Binance, Bybit, and Bitget. It handled over $4 billion in assets in the last 24 hours, while the three centralized platforms handled $41.27 billion, $15 billion, and $14 billion.<\/p>\n

The soaring volume made Hyperliquid one of the most profitable players in the crypto industry. It made over $69 million in fees in May. That\u2019s higher than Ethereum (ETH), Raydium (RAY), and BSC Chain, which made $40 million, $42 million, and $15 million, respectively.\u00a0<\/p>\n

Hyperliquid\u2019s volume rebounded as the crypto market bounced back, with Bitcoin soaring to a record high of $111,900, and the market cap of all coins crossing the $3.5 trillion market cap.<\/p>\n

HYPE price technical analysis<\/h2>\n
<\/source><\/p>\n<\/picture>
HYPE price chart | Source: crypto.news<\/figcaption><\/figure>\n

The 12-hour chart shows that the HYPE price bottomed at $9.2952 on April 7, then surged to $39.92 in May. It formed a cup-and-handle pattern whose upper side was at $28.40. A C&H pattern is one of technical analysis\u2019s most bullish continuation patterns.<\/p>\n

HYPE has pulled back as the crypto market crash <\/strong>continued. <\/p>\n

The most likely scenario is it drops and retests the upper side of the cup and then resumes the uptrend. This performance is known as a break-and-retest and is a popular continuation sign.\u00a0<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Hyperliquid, the biggest player in decentralized perpetual futures, had its best month ever as volume on its platform soared and its token surged to a record high. Hyperliquid (HYPE) price…<\/p>\n","protected":false},"author":1,"featured_media":1110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1635"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1635\/revisions"}],"predecessor-version":[{"id":1636,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1635\/revisions\/1636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1110"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}