Eternal futures
Hyperliquid continues to conquer positions in the eternal futures market among decentralized platforms – as of April this year, the protocol share was 66%, while in March 2024 it barely exceeded 20%.
Source: Theblock.co
The volume of bidding of eternal futures on Hyperlique in March reached $ 175 billion, and in mid -April it was already composed $ 83 billion. Of course, so far it is difficult to compete with centralized sites (CEX) – when compared with Binance, Hyperlique volumes are ten times less. But this can already be considered success. It is too early to say that decentralized platforms enter the leaders in trade in unlimited futures, but they definitely become more and more popular.
Open interest
In April, an increase in open interest (the number of derivatives in circulation) was observed Hyperlique. If at the beginning of the month the indicator was $ 465.93 million, then by 21 it increased to $ 552.44 million, that is, by more than 18%. However, these figures are far from record – in February 2025, the open interest in Hyperlique exceeded $ 649 million.
Source: Coinglass.com
Growth in the volume of trading
The decentralized exchange (DEX) Hyperlique is becoming more and more popular among users. According to data given in the BlockWorks Research Research Platform, the average trading volume on the platform per day over the past three months was $ 6.4 billion. This is more than 50% exceeds Indicators of such large centralized exchanges as Bybit and OKX.
Activation of large players
Large players (whales) began to accumulate Hype tokens. Obviously, they consider the current moment the purchases are beneficial. One of them in the period from April 12 to 17 transferred $ 7.99 million to the USDC to purchase Hyperlique. Now the deal implemented Not for the entire amount, but only for its part – the other share is put up for the order (applications) for the purchase.
Launching a new staying hub
Nodeops, the organizer of the decentralized physical infrastructure (Depin), whose work is based on artificial intelligence, launched a new hub of stakeing. This will allow users to cover their tokens from various blockchains based on POS (Proof-OF-Stake). Initially, the hub will support only two crypto acts, one of which will be Hyperlique. Implementation will be held in the test network, and in the main streaming token Beam will be available.
As part of the launch of the NodeOPS hub will conduct a special StaKDrop. It is designed to stimulate stakers that will be awarded with native network tokens and Stnode (Node’s points) for streaming through Nodeops. Subsequently, points can also be converted into Node tokens. In honor of the launch of the first hub networks, stakers will also reward Hype and Beam tokens. This will happen daily. NodeOps co -founder Naman Kabra) Explained The choice of awards in HYPE tokens:
“With projects like Hyperlique, we need to show our effectiveness as a validator of the test network. Giving this opportunity to our supporters, we allow them to get real awards and demonstrate the stability of our service for the Hyperlique community. ”
Technical analysis
In April, Hyperlique completed the correction that lasted since December last year. In two weeks – from April 7 to 21 – the price of token has almost doubled. At the moment, everything indicates the continuation of the trend. For example, Hyperlique managed to rise above a 50-day sliding average (indicated in blue), and RSI overcame the mark of 50, but has not yet entered the overlap zone. Both of these signals are bulls. An even greater enthusiasm of the buyers will be added to the consolidation above the resistance level of $ 18.5. The current level of support is $ 17.35.
Source: TradingView.com
Conclusion
The demand for Hyperlique is primarily explained by the growth of the popularity of the decentralized exchange of the same name. On the platform there is a rise in a number of indicators: a trade volume, a share in trade in eternal futures and open interest. The successes of the exchange cannot but affect the coin, which is bought not only by players with low capital, but also by whales.
This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of analytical portals and experts.
Source: Bits

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