Should You Buy Hyperliquid in 2025?

Why trust HelloSafe?

At HelloSafe, our expert has been closely monitoring the evolution of the Hyperliquid cryptocurrency for over three years. Every month, hundreds of thousands of users in Ireland rely on us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, HelloSafe has never purchased Hyperliquid nor received any compensation from entities associated with its ecosystem.

Hyperliquid in brief

How much does 1 Hyperliquid cost?

The price of Hyperliquid is rising this week. Currently trading at $34.06, HYPE is up 1.66% over 24 hours and has gained 6.9% in the past week. Its market capitalisation stands at $11.37 billion, with a circulating supply of 333.93 million HYPE and an average daily trading volume of $229 million over the last 3 months. Hyperliquid now holds a market cap rank just outside the global crypto top 20 and commands 0.47% market dominance. With recent strong gains and sustained high liquidity, HYPE remains a dynamic asset in a volatile but promising sector.

Our full review of the Hyperliquid cryptocurrency

After extensively analysing Hyperliquid’s latest on-chain metrics, technical trends and market positioning over the past three years, our proprietary algorithms have consolidated a multi-sourced assessment: price action, technical signals, market data, and peer benchmark were integrated for a robust outlook. The convergence of these perspectives delivers critical insights into Hyperliquid's performance and potential inflection points in a maturing DeFi derivative landscape. So, why could Hyperliquid represent in 2025 a renewed strategic entry point within the decentralised derivative/L1 ecosystem?

Performance and Market Context

Recent Price Evolution

Since its listing in late 2024, Hyperliquid (HYPE) has rapidly transitioned from an early airdrop event to a $34.06 valuation as of June 2025, marking a remarkable +797% performance from all-time lows ($3.81). Short-term momentum remains robust, with weekly appreciation (+6.9%) and a newly established all-time high ($39.68) on May 26, 2025 reinforcing persistent investor demand in the midst of highly competitive DeFi activity.

Positive Recent Events

• Submission of regulatory comment letters to the CFTC in the US signals proactive regulatory alignment—often a missing pillar in decentralised finance projects.
• Peak user engagement as reflected by over $1.58bn TVL and record $165bn monthly trading volumes (May 2025).
• Maintained industry dominance: 77–80% market share of DeFi perpetual derivatives, eclipsing nearest competitors.

Favourable Macro/Sector Context

• Continued institutional DeFi interest amid fragmentation in centralised exchanges post-2022.
• US policy winds that, while still evolving, show increasing openness to functional innovation in decentralised infrastructure, particularly when paired with robust AML/KYC frameworks.
• High liquidity inflows and active trading strategies supporting market-wide resilience.

Technical Analysis

Relevant Indicators

• RSI (14d): 55 – positions HYPE in a healthy, neutral territory with room for upside reversals, avoiding overbought excesses.
• MACD: Currently flashing a short-term bearish cross, yet within the context of a longer bullish structure, suggesting possible consolidation before renewed upward energy.
• Moving averages: While specific levels are unavailable from the current data, price action remains consistently above primary support levels, framing a constructive technical setup.

Key Support and Reversal Signals

• Primary Support: $32.50 (critical level for bull structure continuation).
• Secondary Support: $28.98 (medium-term pivot).
• Resistance to Watch: $39.83 (near record high, breakout trigger for potential price discovery).

This robustness at key horizontal levels—combined with neutral to slightly bullish momentum signals—points to a market in constructive consolidation, with downside risk actively absorbed.

Short/Mid-term Momentum Outlook

Given the high trading volumes and liquidity, coupled with RSI stability, price action suggests further rallies are plausible on any technical pullback, particularly if accompanied by positive regulatory or ecosystem headlines.

Fundamental Analysis

Growing Adoption and Strategic Partnerships

• It commands nearly four-fifths of the DeFi perps market.
• Institutional and sophisticated retail participation is expanding, drawn by Hyperliquid’s instant finality (HyperBFT consensus), zero gas for perps, and seamless user experience.
• Development on its native L1 is accelerating, with third-party dApps beginning to enrich the ecosystem beyond core derivatives.

Relative Valuation

• Market Cap: $11.37bn—placing it among top DeFi tokens/layer-1s.
• Circulating Supply: 333.93 million (with a maximum of 1 billion).
• TVL: $1.58bn—a strong indicator of sticky liquidity and user trust.
• Deflationary Mechanisms: Token buy-backs reducing effective supply and supporting price floors.

Compared with rivals, Hyperliquid’s valuation multiples appear attractive when adjusted for trading velocity, elastic fee structures, and rapidly compounding on-chain metrics.

Structural Strengths: Innovation and Differentiation

• Innovative Tech: HyperBFT consensus achieves finality
• Community: An active and growing user/developer base, underpinned by a transparent governance model and Harvard/MIT/Citadel calibre founding team.
• Product-Market Fit: The protocol’s focus on decentralised perps with deep liquidity and frictionless UX is uniquely differentiated and, so far, uncontested at this scale.

Volume and Liquidity

• Exchange Volume: $229M+ daily – strong, consistent turnover evidence of institutional-grade participation and robust two-sided market activity.
• Dominance: With over 77% perps market share and frequent top-10 DEX volume rankings, Hyperliquid has cemented its lead among the highest-liquidity crypto assets.

Catalysts and Positive Outlook

Hyperliquid is at an inflection where the convergence of ecosystem growth, technical maturation, and regulatory progress can serve as powerful tailwinds:

• Upcoming regulatory clarity in the US may unlock fresh institutional capital.
• Protocol upgrades (pipeline suggests new L1 integrations, scalability, and UX enhancements).
• Continued TVL and trading volume expansion—already outpacing much of the sector.
• Widening use cases as the chain moves to attract a new wave of DeFi and even NFT applications.
• Deflationary dynamics via ongoing token buybacks—supporting long-term holder value.
• Favourable macro tailwinds: Decentralised futures/meta-derivative growth amid ongoing regulatory scrutiny of centralised exchanges.

Investment Strategies by Horizon

Short-Term (1–3 months)

• Technical pullbacks towards $32.50–$29 may offer low-risk entry points, especially ahead of anticipated protocol updates or during regulatory/news lulls.
• Sizable liquidity allows tactical trading, with room for upside if ATH levels are reclaimed.

Medium-Term (3–12 months)

• Expectation of renewed momentum as US regulatory status evolves and DeFi market share expands.
• Watching for breakout above the $39.83 resistance could signal next leg higher; accumulating on dips remains rational as ecosystem KPIs (TVL, volume) accelerate.

Long-Term (>1 year)

• For investors seeking exposure to large-scale DeFi infrastructure, Hyperliquid's technology, market dominance and growing user base justify sustained attention.
• Ecosystem expansion and improved capital efficiency (via new products or L1 integrations) have potential to drive multi-year compounding growth.
• Dollar-cost-averaging or accumulating on broader market corrections can provide optimal risk-adjusted positioning.

Price Projections for Hyperliquid (HYPE): 2025–2029

Is Now the Right Time to Consider Hyperliquid?

Hyperliquid stands at the forefront of the decentralised derivative revolution, supported by:

• Explosive TVL and trading volume growth
• Regulatory engagement (CFTC dialogue) enhancing its credibility and prospective accessibility
• Unique Layer 1 technology stack—HyperBFT consensus, instant finality, gasless perps
• Deflationary tokenomics and consistent buy-back activity
• Dominant market share in DeFi perpetuals; unrivalled liquidity and robust market structure

With structural strengths converging in the midst of a favourable DeFi climate, and multiple upcoming catalysts poised to unlock further upside, Hyperliquid’s fundamentals justify renewed interest. The technical setup favours those who position amid market consolidation before growth resumes, and long-term projections reflect confidence in ecosystem scalability and sustained adoption.

Hyperliquid remains a high-volatility asset offering dynamic investment opportunities, requiring disciplined risk management. Its recent price acceleration underscores the protocol’s ability to generate fast, powerful trends, while macroeconomic shifts and regulatory clarity will continue to shape its trajectory. The key technical levels to monitor are $32.50 as immediate support and $39.83 as major resistance. The next scheduled protocol upgrade in Q2 2025 could be the crucial catalyst for future value creation—making Hyperliquid an asset worth close and proactive consideration for forward-looking crypto portfolios.

How to buy Hyperliquid?

It’s simple and secure to buy Hyperliquid (HYPE) online through a regulated platform, whether you’re new to crypto or have investment experience. Irish residents have two main ways to access HYPE: direct “spot” purchase, where you own the actual tokens in your wallet, or trading via crypto CFDs (Contracts for Difference), which lets you speculate on HYPE’s price movements without owning the coins. Both approaches present distinct advantages and risks. For a detailed comparison of available platforms suitable for Irish investors, see the selection guide lower on this page.

Spot Purchase

Buying Hyperliquid spot means you directly acquire real HYPE coins, which are stored in your personal wallet—digital proof of your ownership on the blockchain. On most regulated exchanges, you can purchase using EUR via debit/credit card or bank transfer. Typical platforms charge a fixed transaction fee, often around €5 per trade (or about 0.5–1% for larger amounts).

Example

If HYPE is priced at $34.06 (approx. €31.60), a €1,000 purchase (less an estimated €5 fee) allows you to buy about 31.5 HYPE tokens.

• Gain scenario: If HYPE’s price rises by 10%, the value of your tokens increases to €1,100.
• Result: That’s a €100 gross gain, or +10% on your initial investment.

Trading via CFD

Trading HYPE with a CFD (Contract for Difference) lets you profit from price changes without owning the actual coins. You simply open a position reflecting whether you expect the price to go up or down. CFDs typically incur a “spread” cost (difference between buy & sell price) and may include overnight financing fees if you hold your position for more than a day.

Example

Suppose you use €1,000 as margin and select 5× leverage. This means you’re exposed to €5,000 worth of HYPE price movements.

• Gain scenario: If HYPE climbs 8%, your leveraged position rises by 8% × 5 = 40%.
• Result: You make a €400 profit (before fees) on your €1,000 capital.

Final Advice

Always compare each platform’s fees, deposit options, and support before investing—costs can vary significantly and affect your returns. Your choice should align with your risk appetite, experience level, and investment goals. For up-to-date platform comparisons, see the detailed table further down this page.

Our 7 tips for buying Hyperliquid

The latest news from Hyperliquid

Hyperliquid posted a robust 6.9% weekly gain, driven by increased trading volumes and market confidence. Throughout the last seven days, Hyperliquid (HYPE) not only outperformed most DeFi assets with a notable 6.9% price increase but also sustained substantial liquidity, evidenced by a stable average daily trading volume of $229 million. This growth reflects sustained investor confidence and a healthy market depth, with strong support confirmed above $32.50 and robust resistance forming near its all-time high of $39.68. Market analysts attribute part of this momentum to renewed optimism following the token’s recent all-time high and escalating activity on its native DEX and major centralized platforms accessible to Irish residents.

Ongoing regulatory engagement in the US, particularly with the CFTC, signals increasing legitimacy and institutional interest. Hyperliquid’s submission of official commentary to the US Commodity Futures Trading Commission (CFTC) in May 2025 marks a major advance in regulatory transparency and compliance. While this step occurred in the US, it is highly relevant to Irish institutional participants who must assess jurisdictional regulatory risk for cross-border investment and usage. The move positions HYPE as a credible, future-proof asset potentially qualifying for integrations with platforms or funds seeking compliance-ready DeFi exposure—an increasingly significant factor for European institutions, notably those subject to emergent MiCA regulations.

Hyperliquid continues to dominate the DeFi perpetuals market, now holding an estimated 77% market share. Hyperliquid’s Layer 1 blockchain now processes nearly 80% of the DeFi market’s perpetual derivatives trading volume, dwarfing the competition. This leadership translates to market resilience and unparalleled liquidity depth, a vital feature for sophisticated Irish traders and funds seeking to deploy large positions with minimal slippage. This dominance ensures that traders in Ireland can access deep order books and reliable execution on both the Hyperliquid DEX and listed centralised exchanges, such as Gate.io and KuCoin, both commonly used in the Irish market.

Technical and ecosystem innovation strengthens Hyperliquid’s fundamental value proposition for European users. The recent advances in its Layer 1 protocol, notably finality of under one second, zero gas fees on perpetuals, and the proprietary HyperBFT consensus, underpin Hyperliquid’s growing TVL (now $1.58 billion) and monthly transaction volumes ($165 billion in May). These technical innovations reduce trading friction and operational costs for frequent users, a key appeal for active Irish DeFi participants seeking efficient, scalable on-chain derivatives solutions and richer ecosystem opportunities as third-party applications are rolled out.

Market sentiment for HYPE remains optimistic and structurally positive among analysts covering the EUR region. Expert commentary over the past week has continued to emphasize Hyperliquid’s healthy fundamentals, deflationary token mechanics, and rapid ecosystem development as primary drivers of its buoyant outlook. The lack of exposure to Chinese regulatory investigations and the project’s US domicile with a high-profile, transparent founding team further reassure European—and specifically Irish—investors. As a result, HYPE is increasingly perceived as a leading, lower-risk DeFi perpetuals platform well-aligned with both retail and institutional portfolio requirements in Ireland’s regulatory and market environment.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.