$HYPE just hit $50 for the first time since October 2025.
Reasons behind this pump:
- Coinbase USDH deal resulted in a 20%-25% revenue increase.
- Goldman Sachs disclosed a position in Hyperliquid DAT ($PURR).
- 21Shares Hyperliquid ETF has gone live.
- $50M+ in monthly revenue, and 99% of this is used for buybacks.
- SEC planning to allow stock trades on the blockchain 24/7
Hyperliquid has quietly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for side by side comparison of BTC perps on Binance (left) and Hyperliquid (right).
With HIP-3 teams leading the way, Hyperliquid has also grown to become the most liquid venue for perps on tradfi assets. Thank you to everyone's hard work as we upgrade the financial system and house all of finance.
hyperliquid generated $844m revenue with 11 employees. that's $76.7m per employee annually. trades at 7x revenue vs coinbase at 10x and traditional exchanges at 15-25x. down 75% from highs at $24. protocol makes more than cls group (global fx settlement layer). market pricing this like a dying shitcoin not a cash machine
This is possibly the worst period for non-major crypto since post FTX Nov 22.
More than halk trading at ATL and doesn't look like they can find any bottom even with Bitcoin rebounding.
For investors with more than 1 year horizon, I believe therer are significant bargain to be found here.
this is 220 IQ marketing and i'm taking notes
hyperliquid threw their event before token 2049. gave out fire merch that everyone actually wanted to wear. boom - walking billboards all week.
but before that they dropped mid 5-figs in NFTs to OGs. so what happens? every side event, every coffee chat, every drunk convo at 2am? "yo did you see that hypurr drop?" "bro hyperliquid is...."
nothing is accidental. every move calculated. this is how you dominate the conversation without screaming for attention.
my founder is operating in 2049 while others are stuck in 2025
In the last 24 hours, @Aster_DEX's perpetual trading volume surpassed $63b—nearly 8x Hyperliquid.
In contrast, @HyperliquidX's open interest climbed to almost $13b, more than 8x Aster.
Hyperliquid.
plasma captured $2b tvl in 24 hours because tether's cto invested twice. not for the token pump but for zero-fee usdt transfers. tether processes $200b daily and bleeds billions to ethereum fees. xpl at $0.76 vs $0.05 public sale looks expensive until you realize this is tether's infrastructure exit from ethereum. they need this more than another l2.
Revenue per wallet is hard to pin down, as LTV in crypto comes from onchain activity, retention across cycles, token holding behavior and network effects. Without a proper model, projects can’t connect LTV to CAC and their marketing budgets end up as blind overspend or paralyzed underspend.
With the NASDAQ 100 pushing to new highs, Bitcoin is shedding one of its key headwinds.
Historically, when the NASDAQ 100 delivers below-average returns, Bitcoin tends to struggle: gains are capped and the risk of large drawdowns increases.
That’s been the case for much of this year. But now, the NASDAQ is back above its long-term average 12-month return and still climbing.
That creates a much more supportive backdrop for Bitcoin.
bitsCrunch ecosystem is now MiCA-compliant, aligning with the EU’s regulatory framework.
Built for builders, regulators & policymakers shaping the future of Web3.
Learn more → https://t.co/wEDVtV2NTw