Hyperliquid price has gained 9.82%, reaching $36.23, following Binance.US’s announcement of an upcoming spot listing.
As the broader crypto market consolidates, Hyperliquid HYPE $34.78 24h volatility: 0.4% Market cap: $11.62 B Vol. 24h: $386.37 M price has increased by 9.82% today, moving all the way to $36.23, with daily trading volumes surging 76% to $319 million. Recent HYPE whale activity, Binance.US listing, and revenue growth have together contributed to this rally.
Hyperliquid Price Shoots amid Binance.US Listing, Revenue Growth
Binance listings traditionally have a positive impact on prices. Now, Binance.US has officially revealed plans to list Hyperliquid (HYPE) on its platform. The announcement, shared on the X platform, teased the launch of spot trading for the HYPE token, leading to a strong upside in Hyperliquid price. This development marks another step forward for Hyperliquid as it continues to gain traction in the decentralized finance (DeFi) space.
The $HYPE is real.
Spot trading for @HyperliquidX is coming soon to https://t.co/AZwoBOh0gq. Follow us to get notified when our new listing goes live. pic.twitter.com/CrpenFv2uh
— Binance.US 🇺🇸 (@BinanceUS) June 2, 2025
Decentralized exchange Hyperliquid has gained massive appreciation for swiftly handling billion-dollar Bitcoin BTC $103 674 24h volatility: 1.0% Market cap: $2.06 T Vol. 24h: $44.94 B bets from crypto trader James Wynn in recent weeks. As a result, the DEX revenue jumped significantly, surpassing top market players like Ethereum ETH $2 480 24h volatility: 4.8% Market cap: $299.39 B Vol. 24h: $29.71 B , Solana SOL $148.4 24h volatility: 2.8% Market cap: $77.79 B Vol. 24h: $5.11 B , etc.
Hyperliquid has set a new milestone by achieving its highest-ever monthly trading volume in May 2025. The decentralized perpetual exchange solidified its market dominance, capturing an impressive 74.97% of the total volume across all decentralized perpetual platforms. This underscores Hyperliquid’s growing influence in the DeFi sector.
Hyperliquid dominated the Perp DEX space in May, hitting a monthly all-time high and capturing 74.97% of the total volume. pic.twitter.com/osuUmiXLej
— ToreroRomero (@Torero_Romero) June 2, 2025
HYPE Whale Activity on the Rise
Spot On Chain reported that three hours ago, a crypto whale executed a significant buy of 110,824 $HYPE tokens for $3.99 million at an average price of $36.
The purchase was followed by a leveraged long position with 4x leverage, signaling strong confidence in the token’s performance. The whale, known for previous activity on Hyperliquid, has amassed $361,000 in all-time profits on the platform.
Furthermore, the CoinGlass data shows that the HYPE futures open interest is up 13% to more than $1.41 billion, with 24-hour short liquidations hitting $1.1 million. If the daily trading volume continues to support, Hyperliquid price could soon shoots past its all-time high of $40, and enter a price discovery zone.
Can HYPE Price Rally to $105?
Popular analyst daz.hl shared his analysis highlighting the financial metrics for Hyperliquid. With a total market cap of $12 billion, 7.1% of which is held by the Asset Fund (AF) and excluded from circulation, Hyperliquid’s adjusted market cap stands at $11 billion.
Since the introduction of a new fee structure last month, the platform has consistently generated $2.4 million in daily revenue, equating to approximately $900 million in annualized revenue.
Hyperliquid math;
$12Billion market cap
7.1% is owned by the AF (will never touch market)= $11Billion market cap
since the new fee structure was introduced a month ago, HL has averaged $2.4M daily revenue (excluding HLP & HyperEVM)
Annualized, that's ~$900M revenue
Which… pic.twitter.com/tYAaT7rWPu
— daz.hl (@MetamateDaz) June 3, 2025
This positions HYPE at a price-to-earnings (P/E) ratio of 12, which is substantially lower than the S&P 500’s current average P/E of 28 and the tech sector’s average of 35. By these standards, analysts estimate HYPE fair value to range between $84 and $105, significantly above its current trading price, noted the analyst.
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