Hyperliquid (HYPE) Has Soared More than 70% in 2025, Now Largest DeFi Token By Market Capitalisation

Hyperliquid (HYPE) has electrified the cryptocurrency market in 2025. The cryptocurrency has surged 77% from January 1 to June 10, 2025.

This statistic has seen Hyperliquid surpass competing digital assets to claim the crown as the largest decentralised finance (DeFi) token by market capitalisation.

Consequently, investors are buzzing with excitement, eager to understand this dynamic project.

In this article, CryptoGuide GH explores Hyperliquid’s rise. We will assess its potential as an investment and what lies ahead for this trailblazing token.

What is Hyperliquid?

Hyperliquid is a cutting-edge layer one (1) blockchain revolutionising DeFi with its high-performance architecture.

An integral part of its ecosystem is a decentralised exchange (DEX). Specifically, it focuses on perpetual futures trading. Under this, it offers a full on-chain order book that ensures transparency and speed.

Moreover, as a Proof-of-Stake (PoS) blockchain, Hyperliquid eliminates gas fees through its HyperBFT consensus mechanism, making transactions swift and cost-effective.

As a result, traders flock to the platform, drawn by its seamless user experience and robust security.

Additionally, Hyperliquid’s native token, HYPE, powers the ecosystem. The cryptocurrency facilitates governance, staking, and revenue sharing. More than 90% of trading fees are redistributed to token holders.

Furthermore, the platform’s total value locked (TVL) recently hit $1.7 billion. Hyperlend, Felix, HypurrFi, Morpho, Hyperbeat, HyperSwap, Upshift, Looped Hype, and Valantis were among the decentralised applications (dApps) that contributed to this valuation.

This price tag is a testament to the project’s growing adoption. Thus, Hyperliquid stands as a formidable player in the DeFi space, outpacing competitors like dYdX and GMX.

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Is Hyperliquid a Good Investment?

Investing in Hyperliquid presents a compelling opportunity, but it requires careful consideration. For instance, HYPE’s 70% price surge in 2025 reflects strong market confidence, driven by a 330% increase in TVL from $403 million in January to $1.7 billion in June. Additionally, the platform’s buyback and burn program reduces HYPE’s circulating supply. Per our knowledge in economics, scarcity could potentially boost the token’s value over time.

However, risks persist. Notably, the JELLY market fiasco in March 2025 triggered a temporary 20% price drop. Aside from this, it led to a TVL decline of 50% from $658 million to $330 million. The JELLY market fiasco came about as a result of market manipulation of a memecoin, which saw the coin make huge gains within a short time. As it normally happens, there was a huge price correction after large sell-offs by traders searching for short-term gains.

Despite a swift recovery, such events highlight the volatility inherent in DeFi. Furthermore, regulatory uncertainty looms, although Hyperliquid’s proactive engagement with the Commodity Futures Trading Commission (CFTC) signals a commitment to compliance. Therefore, while Hyperliquid offers high reward potential, investors must weigh these risks.

Does Hyperliquid Have a Future?

Hyperliquid’s future shines brightly, fuelled by innovation and strategic growth. For example, the HyperEVM, a bytecode-compatible execution layer, enables custom perpetual markets and on-chain strategy vaults. This has expanded and will continue to enlarge the platform’s utility. Moreover, validator onboarding will enhance decentralisation, addressing concerns about its low validator count.

Additionally, Hyperliquid’s dominance in DeFi perpetual trading—capturing a sizable percentage of on-chain volume—underscores its competitive edge.

In May 2025 alone, the platform processed $7.7 billion in trading volume. Consequently, analysts predict sustained growth, especially as traders shift from centralised exchanges (CEXs) amid regulatory scrutiny. Thus, Hyperliquid is well-positioned to redefine DeFi’s future.

Should You Buy HYPE in 2025?

Deciding whether to buy HYPE in 2025 hinges on your risk tolerance and investment goals. On one hand, Hyperliquid’s bullish momentum, fuelled by a Binance US listing and daily trading volumes of at least $138 million, suggests further upside.

Additionally, its deflationary tokenomics and strong community support bolster its appeal. For instance, posts on X (formerly Twitter) highlight HYPE’s undervaluation, with some projecting a $50–$100 price range in the long term.

On the other hand, technical resistance at $38–$40 could trigger short-term pullbacks. More importantly, broader market conditions such as Bitcoin’s trajectory may influence HYPE’s performance.

Therefore, cautious investors might wait for a dip to the $32 support level, while aggressive traders could capitalise on the current uptrend. Ultimately, investing in HYPE, like all cryptocurrencies, comes with huge risk. Therefore, conduct independent research to supplement what you have read. Always remember that thorough research and a diversified portfolio are essential before investing.

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Hyperliquid (HYPE) Price Predictions

Price predictions for HYPE vary, reflecting both optimism and caution. In the short term, analysts’ predictions came through. Many forecasted HYPE to trade in the range of $40 to $45 by June 2025. On June 10, HYPE reached a year-high price of $42.45. Much of the spike has been driven by the accessibility which came through extensive exposure on Binance.

However, overbought signals suggest potential consolidation if resistance persists. By year-end, some gurus, analysts, and experts project a peak of $80, assuming continued DeFi adoption and favourable market conditions.

Long-term outlooks are equally ambitious. For instance, CoinCodex predicts HYPE could hit an average price of $67.33 and exchange hands for the least possible price of $64.52 and the best possible price of $69.66 by the end of 2026.

Citing Hyperliquid’s technological edge, positive market sentiment, more exchange listings, and staking services, the analysts forecast HYPE to trade for triple digits in the long term. HYPE could have an average trading price of $138.62, the least possible price of $122.38, and the biggest possible price of $158.81 before the year’s end of 2029.

Conversely, bearish scenarios warn of corrections to $30–$35 if macroeconomic factors or regulatory hurdles arise. Therefore, while HYPE’s growth potential is immense, volatility remains a key factor.

Conclusion: Should you consider HYPE?

Hyperliquid (HYPE) has solidified its status as DeFi’s leading token in 2025, soaring over 70% and surpassing rivals in market capitalisation.

With its innovative blockchain, robust fundamentals, and growing ecosystem, Hyperliquid captivates investors and traders alike.

Nevertheless, its high-reward potential comes with risks, including volatility and regulatory challenges.

As a result, prospective buyers should conduct additional research and align investments with their financial objectives.

Ultimately, Hyperliquid’s trajectory suggests it could reshape DeFi, making HYPE a token to watch in the years ahead.