Hyperliquid and its native token, HYPE, are the subject of conversation in the crypto space. Being a decentralized, no-KYC, and alternative to such giants as Binance and Coinbase, Hyperliquid is quickly establishing itself in the perpetual trading market, and the trend has investors watching the price of HYPE closely in 2025 and beyond.
Hyperliquid is a platform that is threatening the way derivatives platforms work, powered by its bespoke HyperBFT consensus, blistering speed transactions, and a paperless endpoint. However, the main question is whether this new model will yield long-term development of the HYPE token?
This is a dissection of market sentiment, on-chain, and price forecasts of Hyperliquid as we head closer to 2026 and 2030.

Hyperliquid has positioned itself as a decentralized competitor to trading giants such as Binance and Coinbase. The traders will be able to link directly to the protocol without providing personal information and to trade high-leverage markets on significant assets like Bitcoin and Ethereum. The experience is like any other leading perpetual trading platform. It is fast, liquid, and secure, but it has an additional significant advantage: Hyperliquid can handle up to 100,000 transactions per second (TPS) and remain fully on-chain. Since its inception in 2023, the platform has been striving to establish itself as the premier decentralized derivatives hub.
As of the close of Q1 2025, Hyperliquid had traded more than $1 trillion in cumulative trading volume, and this achievement highlights the rapid adoption of its platform. Thus, HYPE crypto news today seems to be promising.

HYPE Perpetual Volume (Source: DefiLlama)
Being an on-chain exchange, it provides complete transparency and security, while also offering traders up to 40x leverage on Bitcoin futures. The heart of the ecosystem is its native token, HYPE, which is used to fulfill the functions of the platform, as well as to store value. Hyperliquid keeps gaining momentum as a destination for retail and pro traders seeking a decentralized alternative to centralized ones. And stats clearly show this, as the platform already has over 715,000 users.

Hyperliquid User Statistics (Source: Dune Analytics)
Over the last couple of months, Hyperliquid has become one of the most liquid protocols, with a liquidity amount exceeding $5B. This is a strong indication that the market makers have confidence in the security of the protocol and are willing to add depth to the market. In exchange, they are taking a cut of the DEX revenue, strengthening trust in the long-term sustainability of Hyperliquid coin.
At this moment, almost all goodcryptoX’s indicators show that this token is in a strong position to sell. This is caused by the latest turbulences, especially while mentioning the rise of Aster and protocol hack.

HYPE Technical Analysis rating (Source: goodсryptoX)
Assuming that these indicators remain, HYPE coin price chart analysis may show a fall to approximately $40.32. Further liquidity movement to Aster may widen the decline, possibly taking the token to under $35.

HYPE/USDT Daily Chart (Credit: TradingView)
The image is not much brighter technically. HYPE recently dropped out of the rising channel it had been in since April, which lost a major support level that had been there for all months. The Chaikin Money Flow (CMF) is hovering around zero, indicating indecisiveness in capital inflows. Meanwhile, the MACD has been bearish, with a new crossover occurring, a bearish indication that the momentum is now on the side of the bears.
Nevertheless, bulls are not yet entirely sent to the floor, as a fresh wave of purchasing pressure, accompanied by a fresh bullish MACD crossing, might turn the tide and create a reversal up to $60 towards a possible recovery of lost ground.
HYPE cryptocurrency price had reached a new all-time high of $59.39 only twelve days ago. Since that time, its price has fallen by over 22.6%, a fall that has been contributed to by the steep increase of its rival, Aster.

Aster vs. Hyperliquid DEX Volume (Credit: DeFiLlama)
The effect extends beyond the HYPE chart. The growth of Aster is shaking the Hyperliquid ecosystem. According to DeFiLlama data, the volume of perpetual DEXs over the last 24 hours exceeded $52B, with Aster alone handling $25.77B, significantly outperforming its rivals. Comparatively, Hyperliquid recorded only $10.09B in the same period.
This enlargement gap is an indicator of traders moving to Aster to get greater liquidity and improved execution. If the trend continues, it may further harm demand in HYPE and make the recovery of its recent high levels even more challenging. Combining all HYPE coin news together, Aster is gradually capturing Hyperliquid's market share and exerting pressure on the token's price trend.
Moreover, there are some more aspects to consider. The pace of development has been considerably reduced, which suggests stagnant upgrades, a decline in the number of new features, and a waning drive to expand the ecosystem. In crypto, declining development is typically an indicator of a loss of long-term confidence, which also results in a decline in investor trust and the narrative power to attract new capital. The community also anticipates the “Season 2” of the HYPE token airdrop, as around 420 million HYPE tokens are still untouched, sitting in the treasury.

HYPE Development Activity (Credit: Sanbase)
In the case of HYPE, such a slack is playing down with the fast ascent of Aster and Lighter, which are attracting traders and liquidity. When the trend continues, Hyperliquid will be viewed as a project that is not progressing, an image that can create selling pressure, and any short-term recovery will be more difficult to accomplish. In addition, Hyperliquid will face a “Damocles Sword” moment beginning November 29. At that time, 237.8M tokens will start vesting linearly over the next 24 months. At an average price of $50, that amounts to $11.9B in potential supply, or nearly $500M in tokens released each month.

HYPE Token Unlock (Source: Maelstrom)
However, things are bright enough for this platform. First, Hyperliquid’s team uses 99% of revenue to buy back HYPE. At this rate, theoretically, they can buy all circulating HYPE back in less than 9 years. This, in addition to the NFT giveaway by Hyperliquid’s team, could affect the price of this asset in a positive way.
Within 24 hours, Hype price will likely be around $44. Short-term models indicate that the HYPE price today will also be around this number. A further projection into the future shows that next week will be slightly higher at $51.11. There is good sentiment after the Hyperliquid team's reaction to the latest cyber attack, as they acted fast and protected the funds.
Hyperliquid price prediction 2025 is likely to remain very volatile due to the macroeconomic forces. The liquidity within its trading markets must remain good, and the token may experience a steep increase by the end of this year. Nevertheless, some analysts believe that sellers will take over as 2026 approaches, potentially reversing the bullish trend.

By late Q4 2025, HYPE will be trading around its August 2025 levels but will be experiencing resilience as it will have a good floor near $35. When purchasing momentum returns, it can be recovered to around $40-$45.

As it grows in popularity, has great security, and continues to grow, HYPE may finish 2025 on a high note before leveling off between $30 and $60 in 2026.

Going further ahead, the long-term trend of HYPE will be reliant upon expanded adoption of crypto and regulatory transparency. If the U.S. and other key markets simplify the process of decentralized trading, the best altcoins, such as HYPE crypto coin, have the potential to gain. The group has already shown that they can be responsive, having resolved similar exploits against Hyperliquid's vaults, which will help build trust in the protocol. Provided that development remains dynamic and the DEX keeps competing with centralized players, such as Binance and Coinbase, Hyperliquid price prediction 2030 would achieve between $70 and $120.
How scammers use HyperLiquid to launder money:
1. Deposit $5M in stolen funds to HL.
2. Use 50x leverage to open a $250M short (against funding).
3. Hedge the short by opening $250M in longs on other exchanges using “clean” money.
4. Coin drops 2% → HL short gets liquidated… pic.twitter.com/kXiXJRDAlu— Pix🔎 (@PixOnChain) March 19, 2025
The HYPE had risen more than 1400% above its listing price and attracted the attention of both traders and investors. Latest, Hyperliquid token price surged to $58.96 following intensive whale buying, brisk platform development, and a derivatives frenzy. Statistics indicate that whales purchased approximately $9.98M on HYPE on September 17, which is a strong indication that they are confident in the potential for short-term upside. Simultaneously, the total value locked (TVL) increased to $1.69B, a 11% rise in 24 hours, as user deposits grew. Technically, a future bullish MACD crossover and rebound from the $43.83 level are contributing to the strong momentum.
This Hyperliquid price rally has been triggered by a combination of both fundamental and market catalysts. Hyperliquid also experienced high activity in its derivatives market, as it surpassed the $9.37B mark in open interest in late May. The team also achieved regulatory advancement, making comments to the U.S. Commodity Futures Trading Commission (CFTC), and it pressured the introduction of more transparent DeFi frameworks. Such a move increased confidence in the platform's sustainability.
$GOOD is a token of goodcryptoX, a hybrid trading terminal and bot platform for CEXs and DEXs on 5 major blockchains. Having 400k users and $5B+ trading volume, it introduces CEX-grade bots (DCA, Grid) into decentralized markets.

DEX trading volumes have increased ~9 times since March, when they launched the DCA bot for dex trading. And then, since May, when DEX trading on Solana was launched, and with Jupiter routing, volumes have shot up to $3.4M in July, a silent 9x improvement since March. There is a clear correlation between the launch of new products and an increase in trading volume, and goodcryptoX hasn’t released even 20% of the planned products yet. Why is this important? Similar to the Hyperliquid revenue-to-buy-backs model, one-half (50%) of DEX revenue is directly transferred to no-lockup holders, and 10% pays buy-backs and burns, decreasing supply. And the higher the volume, the more revenue is generated and shared.

However, the biggest releases are still ahead. Integrating with perpetuals DEXs (where Hyperliquid is the first platform) and the launch of the top-performing CEX bots like DCA, Grid, and TradingView Strategy are coming soon. What we see now is just the beginning.
$GOOD already operates on Solana, Ethereum, Base, Arbitrum, and BNB Chain and collects trading fees wherever liquidity is transferred.
Within three days after its launch, it was already up 5x after listing, and reached a high of 8.3x in the first week. There is good community traction, and DEXScreener indicates an increasing Solana on-chain activity. The liquidity is located on Raydium, and it is also possible to trade $GOOD on goodcryptoX and monitor positions.
The momentum and the declining supply position $GOOD in the spot to be a standout this cycle.
The recent pullback experienced by Hyperliquid might be hard to see as something positive, but the bigger picture indicates that it might be yet another segment of its repetitive market cycle. As the sector remains dominated by fees and the key demand areas remain firm, the project is still resisting as the short-term price momentum wanes. The traders are closely observing the support zone of at least $46-$48, and another important area for considering the next significant swing is the range of $30-$35.
Primarily, Hyperliquid is among the few platforms that offer robust on-chain revenue and engage the market. Regarding price prediction, the setup would support further increases to $60 and above in case support levels are maintained and liquidity pressure is relieved.