Hyperliquid is rapidly expanding its liquidity and market share, surpassing $1 billion USD in stablecoins and adding an additional $1 billion USD in open interest over the past month. Growth comes from activities on HIP-3, where users trade commodities, stocks, and the S&P 500 index, indicating a clear trend toward traditional assets with volatility. The HyperEVM chain also recorded a 96% increase in stablecoin supply since February.
The HYPE token continues to be one of the best-performing altcoins over the past 90 days, trading around $40 after reaching a short-term peak of $43. Despite a solid foundation and annual fee revenue of $881 million USD supporting buybacks, HYPE still faces selling pressure and short-term volatility. Some forecasts suggest the price could reach $150 if the growth trend continues, but it is currently consolidating below a key resistance zone.
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