HYPE Token Rises 25% Amid Increased Trading Volume
Hyperliquid’s token, HYPE, surged 25% to $48.70 today. Its daily trading volume jumped to $624 million, rising 9.93% in the last 24 hours. This data comes from CoinMarketCap.
Hyperliquid tops DeFi protocols in revenue generation. According to DefiLlama, it earned about $3 million in the last 24 hours. Weekly revenue reached $21.15 million.
Hyperliquid Ecosystem Gains Revenue From Multiple Projects
- Hyperliquid’s blockchain, Hyperliquid L1, made $132,590 in daily revenue and $394,568 over the past week.
- Unit, a bridge platform on Hyperunit, earned $32,383 daily and $233,144 weekly.
- Phantom collected $69,897 daily and $480,932 weekly from trading fees.
- BasedApp gained $58,096 daily and $461,882 weekly, boosted by builder code linked to Hyperliquid trades.
These figures place Hyperliquid’s ecosystem among the most profitable in DeFi, according to DefiLlama.
Mixed Whale Sentiment and Robinhood Listing Influence Market
Data from CoinGlass shows major traders are split on HYPE’s future. The Hyperliquid Whale Tracker reports $7.2 billion in open trades.
- Long positions account for 47.02%.
- Short positions hold 52.98%, slightly bearish.
Recently, long positions gained $182.6 million in profit. Shorts lost $222.7 million. Funding fees totaled $104.9 million, with shorts paying more. This suggests moderate bullish momentum.
HYPE also gained after being listed on Robinhood. The trading app created a landing page before confirming the listing on X.
$HYPE is now available to trade on Robinhood. — Robinhood, October 23, 2025
Additionally, Hyperliquid Strategies filed with the U.S. SEC to raise $1 billion. The fund aims to buy more HYPE tokens. It is backed by Sonnet BioTherapeutics and Rorschach I LLC.
Hyperliquid’s growing revenue, active whale trading, and Robinhood listing have made HYPE a leading token this week.
