Hyperliquid becomes crypto’s central narrative as HYPE breaks new records
The post Hyperliquid becomes crypto’s central narrative as HYPE breaks new records appeared on BitcoinEthereumNews.com. Hyperliquid is becoming the new leading crypto narrative, promising to become a hub for even more active perpetual futures trading. HYPE keeps setting new records, briefly breaking above $73. The recent HYPE rally still defied the overall indecisive sentiment of the crypto market. Hyperliquid was also seen as potentially becoming one of the most important L1 chains, due to its native ‘killer app’ of perpetual futures trading. Hyperliquid has already passed Aave and Polymarket in daily fee generation, and sits just behind Pump.fun, based on DeFi Llama data. As the speculative side of crypto token trading slows down, fee-generating protocols become even more important. The platform has also almost recovered its value locked from October 2025, with around $5.64B in total liquidity. Open interest is recovering more slowly and sits below $10B, down from over $14B in Oct