• Hyperliquid price is at $37 after hitting an all-time excessive above $39.
• The HYPE token is up amid huge shopping for stress.
• Key on-chain metrics suggests the decentralized perpetual buying and selling platform may explode to focus on $100.

Hyperliquid (HYPE) price reached its all-time excessive above $39 on Could 26, breezing to the height amid huge shopping for stress.

HYPE has outpaced Solana and Cardano in current efficiency.

Per market information, the decentralized perpetual buying and selling platform recorded day by day buying and selling quantity exceeding $426 million as HYPE reached a brand new all-time excessive.

This marked a major enhance from the $292 million logged the day gone by when the token was buying and selling round $34.

The layer 1 blockchain additionally managed different milestones throughout its ecosystem, with the price surge serving to the overall worth locked soar to a brand new excessive.

Open curiosity additionally rose as HYPE’s uptrend continued to draw consideration, whereas different on-chain metrics equivalent to stablecoin market cap pumped to a file excessive.

Hyperliquid and key community development

As famous above, on-chain metrics for Hyperliquid are pointing to potential upward continuation amid broader market strikes.

Per Coinglass information, the open curiosity within the HYPE token has jumped to $1.41 billion.

OI hovered round $900 million final week. This represents an all-time excessive for OI within the token that traded to lows of $3.20 in late November 2024 and is up a powerful $1,061% since then.

The rebound because the altcoin reached its ATH was even greater.

This positions HYPE for a possible breakout, as worry of lacking out on one of many cycle’s top-performing altcoins attracts in new patrons.

Whales have not too long ago proven confidence within the long-term price of HYPE, and DeFiLlama exhibits the Hyperliquid 1 TVL has topped $1.75 billion.

The platform has seen day by day income hit $1.87 million, whereas DEX and perps 24-hour counts stand at $509 million and $6.9 billion, respectively.

In the meantime, the stablecoin market cap throughout the platform has grown to over $3.62 billion.

Hyperliquid is completely killing it:

– TVL is up 110% previously month
– it is the 4th largest L1 by mindshare
– it simply hit a brand new ATH in open curiosity

Think about the scent if the crew additionally confirms a 2nd $HYPE airdrop. pic.twitter.com/CTRvleiKbC

— The DeFi Investor 🔎 (@TheDeFinvestor) Could 27, 2025

HYPE price prediction

Whereas Hyperliquid’s token has traded to lows of $36.14, as the realm round $38 appears to supply bears a bonus, analysts are bullish about HYPE.

The surge to a brand new ATH has moved HYPE off the lows seen amid unfavourable sentiment earlier within the yr.

If bulls break above $40, may one other leg up convey the much-desired $100 mark into view?

A rally for HYPE amid price discovery may see bulls goal the psychological mark, on this case, catalysts together with altcoins breakout and elementary curiosity within the DEX and perps platform.

On the draw back, key help ranges might be round $32 and $26.