How Does HYPE's On-Chain Data Reveal Its Growth Potential in 2030?

HYPE's trading volume surges to $290 billion in 24 hours

Hyperliquid has established itself as a dominant force in the decentralized derivatives market with remarkable trading volume achievements. Recent market data reveals that Hyperliquid processed an extraordinary $290 billion in trading volume over a 30-day period in late 2025, demonstrating the platform's significant growth trajectory and market penetration.

The trading metrics showcase Hyperliquid's impressive performance alongside key industry competitors:

This performance comes as HYPE, the native cryptocurrency of the Hyperliquid ecosystem, trades near its all-time high of $59.40 reached on September 18, 2025. The platform's record-breaking numbers are backed by significant institutional adoption and robust infrastructure that appeals to professional traders and market makers maintaining larger positions.

The platform's success extends beyond mere trading volumes. Hyperliquid generated over $300 million in revenue during the second quarter of 2025 alone, capturing approximately 35% of blockchain revenue share. These figures underscore Hyperliquid's emergence as a cornerstone of the decentralized derivatives landscape and highlight its strategic positioning in the evolving digital asset ecosystem.

Active addresses and transaction values show significant growth

Hyperliquid (HYPE) has demonstrated remarkable growth metrics in 2025, establishing itself as a dominant force in the decentralized finance landscape. The network reached a significant milestone with over 106,000 weekly active addresses, reflecting strong user adoption and engagement. This growth coincides with substantial increases in financial metrics, particularly in Total Value Locked (TVL), which approached $2 billion.

The platform's performance metrics show impressive gains across multiple dimensions:

Hyperliquid's success extends beyond mere user numbers to actual transactional value. The platform now offers order book depth rivaling centralized exchanges, demonstrated during the PUMP token launch where it provided the deepest market depth and highest trading volume while maintaining tight spreads.

The growth trajectory has been fueled by several key factors: the platform's inherent technical capabilities, the success of the HYPE token in the market, the prospect of additional airdrops for HyperEVM users, and strategic point campaigns from native protocols. These combined elements have solidified Hyperliquid's position as one of the top-performing protocols in 2025's cryptocurrency ecosystem.

Whale activity increases as large holders accumulate

Hyperliquid (HYPE) has witnessed remarkable whale activity in 2025, with significant accumulation from large holders pushing prices toward new heights. Recent on-chain data reveals that major investors have been strategically building positions through both spot purchases and leveraged trading. Notable whale transactions include a trader opening a 10x leveraged long position on HYPE, demonstrating strong conviction in the token's upward trajectory.

Market data confirms this bullish sentiment through increasing order sizes in futures markets:

This accumulation coincides with HYPE's price resilience, maintaining levels above $48 despite recent market volatility. CryptoQuant data further supports this trend, showing dominant buy-side pressure from large wallet holders in both spot and derivatives markets.

The whale accumulation pattern for HYPE mirrors similar behaviors observed in previous cryptocurrency cycles, where large holder activity often precedes substantial price movements. As HYPE's market cap currently sits at $13 billion with a circulating supply of 270.7 million tokens, continued whale interest could potentially drive the asset toward testing its all-time high of $59.4 established in September 2025.

On-chain fees exceed major networks like EdgeX and BNB Chain

Hyperliquid has established itself as the dominant force in on-chain transaction fees across the cryptocurrency ecosystem in 2025. Recent market data reveals HYPE's impressive performance compared to its closest competitors:

On-chain data confirms this bullish trend with Hyperliquid's open interest reaching unprecedented levels. The HYPE token price reflects this market dominance, trading at approximately $48 as of October 29, 2025, with a market capitalization of $13 billion.

HYPE's revenue model significantly differentiates it from competitors. The protocol reinvests 92% of all trading fees to purchase HYPE tokens from the open market, creating powerful tokenomics that have driven the price from $26.40 at launch to current levels. Based on July 2025 metrics, Hyperliquid recorded approximately $320 billion in perpetuals trading volume and $86.6 million in protocol revenue.

While BNB Chain briefly surpassed Hyperliquid in October 2025 with its second-highest fee collection in three years, HYPE quickly reclaimed its position due to its superior tokenomics model and institutional backing exceeding $583 million.

FAQ

What is hype coin?

HYPE is the native token of Hyperliquid, a decentralized perpetual futures exchange on a high-speed blockchain, enabling transparent and efficient trading.

Which coin will give 1000x?

Blast, a promising Layer-2 crypto, shows 1000x potential by 2025. With $3 billion TVL and strong DeFi partnerships, it's poised for exponential growth as L2 adoption accelerates.

Is Hyper coin a good investment?

Yes, Hyper coin shows strong potential. Projections for 2025-2026 are optimistic, with increasing adoption and positive market sentiment expected to drive growth.

What is the Trump cryptocurrency coin?

TrumpCoin (TRUMP) is a cryptocurrency supporting Trump and conservative followers. As of 2025, it trades at $0.004785 with a 6.6M TRUMP circulating supply.