- Martinez highlights a rejection zone of $48–50, signaling possible $39 support.
- Hyperliquid posts $335.9B trading volume, $93.9M fees in 30 days.
- Founder Jeff rejects venture capital, prioritizing community-driven financial progress.
Hyperliquid’s native token, $HYPE, has shown signs of weakness after failing to hold above a key resistance range. Crypto analyst Ali Martinez noted that $HYPE attempted to break through its upper trading channel but met heavy selling pressure.
His chart highlighted black arrows marking the resistance zone at $48–50. The rejection has been followed by a sharp pullback, leaving the token near $44.63. Martinez projected further downside toward $39 if bearish momentum continues.
He explained that the $39 area represents a previous consolidation zone and could act as support. Traders were advised to monitor confirmation signals as the market tests lower levels.
Record Trading Volume and Fee Growth
While the token faces short-term challenges, Hyperliquid’s protocol has delivered standout performance in 2025. Data from DeFiLlama and OAK Research showed that the platform processed $335.9 billion in trading volume over the last 30 days.
During the same period, it generated $93.9 million in fees, supporting an annualized 13% supply buyback. Analysts described this buyback rate as unmatched across the sector.
Weekly revenue figures continued to rise, peaking above $25 million by July 2025. Hyperliquid now commands 73% of the decentralized exchange perpetual futures market.
The protocol has also recorded $15 billion in open interest, marking a record for decentralized trading platforms. These figures have positioned Hyperliquid as the leading DEX for perpetual contracts this year.
Founder Rejects Venture Capital Backing
Hyperliquid’s founder, identified as Jeff, discussed the reasoning behind rejecting venture capital. He stated that the project has been fully self-funded since launch.
According to him, Hyperliquid was not created with profit as the primary goal. He argued that venture capital often creates what he called an “illusion of progress” through inflated valuations.
Jeff emphasized that real progress occurs when users receive actual value from a platform. He framed the project’s mission as redefining finance with the community as the ultimate beneficiary.
Analysts noted that this approach could help build stronger trust among users. They added that avoiding external funding set Hyperliquid apart from other crypto projects.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
