Recently, HYPE (Hyperliquid) has been pretty strong.
Although it’s dipped a bit with the market correction over the past couple of days, dropping from the previous high around 62 back down to 55-56, short-term it seems to be facing some resistance. However, if you zoom out a bit, in the last 7 days, it’s actually up about 30%, which shows that the capital support isn’t too shabby.
I've been keeping an eye on HYPE lately, and one big takeaway is: it’s different from a lot of the 'storytelling' projects; it’s actually making money.
Hyperliquid is basically one of the top players in the DeFi income ceiling right now, with core revenue coming from perpetual contracts and spot trading fees. What’s even more crucial is that it doesn’t just sit on the cash; instead, it directly feeds into the buyback flywheel—most of the trading fees go into the Assistance Fund, which buys HYPE in the market daily.
Simply put: the more the protocol makes, the stronger the buy pressure.
This is why many people are starting to see HYPE as an 'on-chain version of a high cash flow asset' rather than just another hype coin.
A few other points I’m continuously monitoring:
Recently, institutional interest has noticeably increased, with discussions around ETFs, large capital allocations, and even big names like Arthur Hayes staying bullish, which is raising market expectations.
Of course, there are risks as well. In the short term, it will still fluctuate with BTC and the macro environment, and the controversies around centralization persist.
But if we just look at the fundamentals, I genuinely think HYPE is one of the few projects right now that has 'real income + real buybacks + real users.'
It may not pump every day, but it definitely resembles an asset that can thrive even in a bear market, with greater elasticity in a bull market.
#RWA #PerpDEXSeason $HYPE