Hyperliquid is steadily gaining popularity in the DEX market
Date: 2025-04-23 Author: Henry Casey Categories: BUSINESS
The decentralized exchange Hyperliquid is demonstrating a noticeable increase in interest from traders, especially in the perpetual futures segment. In April 2025, Hyperliquid's share in this segment reached an impressive 66%, while in March 2024 this figure was slightly above 20%. In March, trading volume amounted to $175 billion, and by mid-April - already $83 billion. Although centralized exchanges such as Binance still retain the lead, Hyperliquid's progress looks very significant for the decentralized sector.
One of the indicators of increased activity on the platform was the growth of open interest. Since the beginning of April, it has increased from $465.93 million to $552.44 million - almost 19%. Although this is lower than the February peak of $649 million, the trend points to a confident recovery.
According to Blockworks Research, the average daily trading volume on Hyperliquid has reached $6.4 billion over the past three months. This exceeds the figures of such well-known CEXs as Bybit and OKX by more than 50%. Such results confirm that DEX platforms are starting to compete with traditional centralized players.
An additional growth factor was the interest of large investors - the so-called whales. One of them sent $7.99 million in USDC to buy HYPE tokens from April 12 to 17. So far, only a part of the tokens has been purchased, and the remaining funds are put up for purchase through pending orders, which indicates long-term interest in the project.
Another step towards strengthening the ecosystem was the launch of the NodeOps staking hub. The new service, using DePin technologies and artificial intelligence, offers users the opportunity to stake assets from different blockchains based on PoS. At launch, it supports two tokens, including HYPE. Staking is currently available on the test network, but the main network will soon launch with support for the BEAM token.
As part of the launch, a Stakedrop program is being carried out - users receive rewards in HYPE, BEAM and stNode tokens, and the latter can later be exchanged for Node tokens. According to NodeOps co-founder Naman Kabra, cooperation with Hyperliquid allows us to demonstrate the reliability and efficiency of the validator infrastructure.
Analysis of the chart shows that the price of the HYPE token doubled in April. Breaking the 50-day moving average and the RSI level above 50 indicates strong bullish signals. If the price consolidates above $ 18.5, we can expect continued growth, and the nearest support is at $ 17.35.
Thus, the active growth of Hyperliquid is explained by both improved technical indicators and increased interest from investors. The platform is confidently expanding its presence in the world of decentralized finance.
