HyperEVM News

Hyperliquid, a crypto trading platform, has achieved a record-high 24-hour trading volume of $22 billion, surpassing a previous high of $21 billion. The platform also reported new all-time highs in open interest at $4.7 billion and 24-hour protocol revenue at $9.5 million. Following these milestones, the value of Hyperliquid's native token, HYPE, increased by 30% to $26, with market analysis suggesting a potential consolidation around the $25 handle due to a double bottom and higher high market structure. Additionally, Hyperliquid has seen significant accumulation of HYPE by exchanges, with Kucoin holding 2.3 million HYPE worth $64 million and Bitget holding 1.3 million HYPE worth $33 million. The platform has also announced staking rewards for HYPE holders, which is expected to include airdrops of other tokens such as ANIME and GOD. Looking forward, the launch of HyperEVM is anticipated to help HYPE close the valuation gap with SUI, positioning Hyperliquid as a leading Layer 1 blockchain with potential to outperform other major cryptocurrencies in 2025.