Hyperliquid (HYPE) hits $50 ATH as institutional adoption accelerates

Hyperliquid (HYPE) is trading at $49.28 after rising 9.15% in the last 24 hours, marking a critical point in its journey from a niche decentralised exchange to a token now attracting institutional attention.

The recent surge, which briefly pushed the price above $50 to $50.99 earlier, reflects both strong technical signals and growing adoption.

Market data shows that Hyperliquid’s ecosystem is expanding at a pace, with its weekly trading volume crossing $416M billion.

Alongside this, fresh custodial support for HyperEVM/HYPE from BitGo has opened the doors for greater institutional participation, setting the stage for potential new highs.

Source: CoinMarketCap

HYPE holds near $50 with trading volumes at $35.8 billion

HYPE is now consolidating near the $50 mark after touching $50.99 before a minor pullback. At its current price of $49.28, analysts note that the $50–$51 zone remains a key resistance level.

Technical charts suggest that if this range flips into support, momentum could drive the next leg of the rally. The nearest upside targets are between $55 and $73, aligning with Fibonacci extension levels at $58 and $73.

Trading volumes continue to highlight Hyperliquid’s growth. According to Dune data, the token now leads the decentralised perpetuals (DEX perps) sector, reporting a total weekly trading volume of more than $416 million.

This surge underscores its expanding market share, a significant development given the increasing competition among on-chain orderbook protocols.

Institutional adoption builds after BitGo integration

Institutional demand is being bolstered by BitGo’s announcement of custodial support for HyperEVM/HYPE.

The integration enables self-custody and access to a broad wallet infrastructure, which are critical for institutional investors seeking secure participation.

With these additions, Hyperliquid is transitioning from a retail-driven platform to one that can accommodate larger pools of capital.

On the fundamentals, Hyperliquid’s revenue-per-employee ratio has been highlighted as exceeding that of both Apple and Tether.

This efficiency, combined with its deflationary token mechanism, adds a layer of sustainability to its growth trajectory. July also registered record-breaking ecosystem activity, further strengthening the case for continued expansion.

Market projections point to $55–$73 in short term

Technical projections suggest that if the $50 mark flips into support, HYPE could soon test $55, with further upside towards $73 depending on sustained momentum.

Analysts stress that maintaining breakout volumes and avoiding distribution pressure will be essential to achieving these targets.

Arthur Hayes, co-founder of BitMEX, has gone further with long-term projections. In a recent post, Hayes predicted HYPE could see a 126x rise within three years.

While this outlook is ambitious, the forecast reflects broader optimism around the growth of stablecoin markets and fee-based revenue within Hyperliquid’s ecosystem.

Ecosystem efficiency drives long-term growth

Beyond price levels, Hyperliquid’s long-term potential lies in its efficient use of resources and its unique on-chain orderbook model.

The combination of high trading volumes, institutional adoption, and a deflationary framework offers a strong foundation.

Market observers note that the project’s ability to sustain ecosystem activity and maintain liquidity will determine whether it can build on its recent milestones.

The $49.28 price, up 9.15% in 24 hours, positions HYPE just below its all-time high, making the coming sessions key for its trajectory.

If momentum persists, the token could continue to strengthen its place in the decentralised finance sector, with institutional adoption providing the next layer of growth.

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