Hyperliquid’s HYPE token tests key support as platform outpaces Uniswap V3 in daily fees

The native HYPE token of decentralized exchange Hyperliquid is trading near $53 and testing a critical support zone around $53‑$55. With a 24‑hour volume of about $370 million and a market capitalization of roughly $13.5 billion, analysts note that holding this support could enable a rally toward $64 and potentially $75.

Hyperliquid continues to dominate the DeFi perpetual futures market, reporting open interest of $10.6 billion and daily trading volume of $13.5 billion. In the latest 24‑hour period the platform generated approximately $2.6 million in protocol fees, surpassing Uniswap V3’s $2.5 million, signaling growing user adoption and a shift in fee revenue within decentralized finance.