A new token launch is putting fresh focus on how decentralised trading platforms are designing their economic models.

Perpetuals-focused Layer 2 exchange Lighter has rolled out its native cryptocurrency, LIT, positioning it as a core part of its infrastructure rather than a simple governance add-on.

Built on Ethereum, the platform is targeting active derivatives traders while also appealing to builders and long-term backers interested in transparent, onchain systems that mirror aspects of traditional markets.

The launch comes at a time when onchain perpetuals trading is consolidating around a small group of high-volume venues.

Lighter is attempting to differentiate itself by tying token utility directly to trading performance, data verification, and revenue visibility, while operating through a US-registered corporate structure.

Token distribution and airdrop design

The total LIT supply is split evenly between the ecosystem and insiders.

Half of all tokens are allocated to users, partners, and future incentives, while the remaining half goes to the team and investors.

Early participants are being rewarded through an immediate airdrop that converts 12.5 million points earned during 2025 into LIT tokens.

That initial distribution accounts for 25% of the project’s fully diluted value, which represents the maximum supply if all tokens are issued.

The remaining ecosystem allocation is reserved for future rewards, partnerships, and expansion initiatives.

Team and investor tokens are subject to a one-year lockup, followed by linear vesting over three years, according to details shared by the project on X.

Utility beyond governance

Lighter is framing LIT as an operational token embedded in how its exchange functions.

Rather than focusing solely on voting rights or passive rewards, the token underpins access to different levels of trading execution and data verification services on the platform.

Users who want higher-tier services are required to stake increasing amounts of LIT.

These requirements are designed to scale as the network decentralises further, shifting control from a single operator to a broader set of participants.

Fees for market data and price verification are also paid in LIT, with staking acting as a mechanism to ensure data accuracy and reduce risk across the trading system.

Onchain revenue and buyback flexibility

Another feature highlighted by the project is full onchain visibility of revenue generated by its trading platform and future products.

All income is intended to be publicly trackable on the blockchain, allowing users to independently verify performance.

Management has indicated that this revenue could be used either to support ecosystem growth or to buy back LIT tokens from the market.

Any buyback activity would reduce circulating supply, but there is no fixed schedule.

Decisions are expected to depend on market conditions and longer-term strategic considerations, rather than automated rules.

Market position in perpetuals trading

Lighter’s activity places it among the more active decentralised perpetuals venues.

Over the past seven days, Lighter-based perpetuals have averaged $2.7 billion in trading volume, ranking third behind Hyperliquid and Aster, based on data from a Dune-powered tracker.

Hyperliquid’s HYPE token currently carries a market valuation of $6.26 billion, making it one of the largest digital assets globally.

Against that backdrop, Lighter is betting that tightly coupling token utility with execution quality, data integrity, and transparent revenues can help it carve out a durable role in the evolving onchain derivatives landscape.

The post Lighter launches LIT token: check out all the details here appeared first on CoinJournal.

Lighter launches LIT token: check out all the details here

Source: https://coinjournal.net/news/lighter-launches-lit-token-check-out-all-the-details-here/

Bitcoin’s rally toward $90,000 on Monday drew widespread market attention, but Hyperliquid also stood out among assets posting notable gains.

The decentralised perpetuals trading platform’s native token, HYPE, rose nearly 5% as it moved back above the $25 level.

The advance followed a large whale transaction earlier in the session, alongside on-chain data indicating continued accumulation by large holders.

Sentiment was further supported after Hyperliquid shared an update related to HYPE trading activity and transparency on the platform.

HYPE featured among a group of tokens showing strong 24-hour performance, alongside Midnight, Sky, Kaspa and Sei, as broader interest extended beyond Bitcoin’s move.

Hyperliquid whales buy more HYPE, price gains

Recent on-chain data, highlighted by Lookonchain on X, reveals a strategic accumulation by two prominent whale wallets.

On December 22, 2025, Lookonchain noted that the large investors had deposited $5 million in USDC into Hyperliquid to purchase more HYPE tokens.

One of the wallets held 214,497 HYPE, worth over $5.44 million at the time and still boasted $5.52 million, likely ready to pounce.

The other whale held 102,460 HYPE worth $2.61 million and dry powder of $2.45 million meant for future purchases.

Both whales held the money in the USDC stablecoin.

Over the past hour, two more whales deposited $5M USDC into #Hyperliquid to buy $HYPE.

0xDAeF currently holds 214,497 $HYPE($5.44M) and still has 5.52M $USDC ready to buy more.

0x3300 currently holds 102,460 $HYPE($2.61M) and still has 2.45M $USDC allocated for further… pic.twitter.com/qwWh2GB1vN

— Lookonchain (@lookonchain) December 22, 2025

As noted, the price of HYPE, which had experienced a decline of over 14% over the past seven days as it dropped to $22, swiftly reclaimed the $25 threshold.

The rebound could accelerate amid an altcoin bounce, allowing for a retest of the $30 resistance zone.

Whales might offer a formidable bid wall. A surge in buying pressure shows in the 15% spike in daily trading volume.

Hyperliquid Labs comments on HYPE insider trading

The HYPE price fell sharply in recent weeks, with allegations of insider trading surfacing.

Now, Hyperliquid has officially commented on the concerns.

In its update, the team categorically denies any misconduct from its members.

Per a statement shared on X, Hyperliquid Labs has clarified that a wallet accused of shorting HYPE belonged to a former employee who was terminated in the first quarter of 2024.

Hyperliquid Labs emphasised its stringent ethical standards. It includes a comprehensive trading policy that prohibits derivatives trading involving HYPE by team members and maintains a zero-tolerance stance on insider trading.

Co-founder of Hyperliquid Illiensic posted a similar update on Discord.

While the platform has dismissed the allegations of insider trading as solely the work of an unaffiliated former employee, the co-founder noted two key facts: Employees and the team cannot trade derivatives on the HYPE token or use insider information to trade. The same cannot be passed to third parties.

The post Hyperliquid price reclaims $25 as whales look to buy more HYPE appeared first on CoinJournal.

Hyperliquid price reclaims $25 as whales look to buy more HYPE

Source: https://coinjournal.net/news/hyperliquid-price-reclaims-25-as-whales-look-to-buy-more-hype/

The ASTER price is under pressure as new competition brews in the decentralized perpetual exchange market.

Solana co-founder Anatoly Yakovenko has unveiled “Percolator,” a new L1-native perpetual DEX designed to run directly on the Solana blockchain.

This development introduces a powerful new contender into an already tense market dominated by Aster and Hyperliquid.

Aster, once celebrated for its dominance in the on-chain derivatives space, now faces a critical turning point.

The timing of Solana’s move couldn’t be more disruptive, coming as Aster grapples with a sharp price drop and declining user activity.

Solana’s Percolator shakes up the market

Yakovenko’s new project, Percolator, is still in its early development phase but has already attracted widespread attention.

Built directly on the Solana blockchain, it promises fast, low-cost perpetual trading without relying on external layer-2 networks.

Early GitHub data shows key modules for funding rates, account validation, and position management are already in place, with stress-testing expected soon.

The Solana ecosystem’s reputation for high throughput and low transaction fees gives Percolator a strong foundation to compete with existing players.

If it delivers on performance, the DEX could pull liquidity and traders away from Aster and Hyperliquid.

That potential shift adds pressure to Aster, which is already battling to retain users amid shrinking trading volumes and outflows.

ASTER price fights to stay above $1

At the time of writing, Aster is holding slightly above the $1 psychological support after two days of declines.

Technical indicators suggest the token is on shaky ground.

The MACD has crossed below its signal line, signaling weakening momentum, while the RSI sits near 31 — close to oversold levels.

A breakdown below $1 could send the token toward the next key support at $0.94, while a rebound could see a retest of $1.27.

Aster’s market data paints a worrying picture.

The token trades at $1.01, down more than 34% over the past month. Its market cap has slipped to about $2 billion, with daily trading volume at $805 million.

Aster’s Total Value Locked (TVL) has also contracted to $1.805 billion at press time, reflecting waning engagement from traders and liquidity providers.

Sentiment sours as usage crumbles

Over the past week, Aster has experienced $326 million in TVL outflows and a dramatic collapse in daily trading volume to just $78 million.

That compares poorly with Lighter and Hyperliquid, which still handle over $10 billion in daily trades.

This falloff in activity has raised concerns that traders are fleeing the protocol amid doubts about the sustainability of its incentive-driven growth.

Technical momentum remains bearish, with the formation of a MACD death cross and an Aroon Down reading near 93% reinforcing the downward bias.

Aster now trades in a weak demand zone between $1.03 and $1.14 — an area that historically offers little support.

If selling continues, analysts warn that the token could slide toward $0.70 or even $0.50.

Can a short squeeze save ASTER’s price?

Despite the gloom, some traders see a potential rebound setup forming.

The Money Flow Index (MFI) has dropped sharply from 80 to 38, suggesting retail investors are exiting.

However, derivatives data show that roughly 80% of positions remain short.

If the ASTER price climbs above $1.39, about $34 million in short positions could be liquidated on Binance alone, triggering a short squeeze.

A bullish RSI divergence adds weight to this scenario, showing sellers may be losing control.

If momentum shifts, a break above $1.39 could send prices toward $1.88 and $2.22.

But if the token falls below $1.05 or $0.92, the recovery setup would collapse, deepening the bearish trend.

For now, investors are watching whether Aster can stabilize and regain momentum before Percolator reaches full launch.

If Solana’s new DEX lives up to expectations, it could redefine the competitive balance across the entire decentralized derivatives landscape — and determine where the ASTER price heads next.

The post ASTER price outlook after Solana co-founder unveiled a rival perp DEX appeared first on CoinJournal.

ASTER price outlook after Solana co-founder unveiled a rival perp DEX

Source: https://coinjournal.net/news/aster-price-outlook-after-solana-co-founder-unveiled-a-rival-perp-dex/

Hyperliquid (HYPE) has rallied sharply today, with HYPE jumping about 13% to $41.67 as markets reacted to a major protocol upgrade and a renewed debate over exchange transparency.

The HYPE token price surge pared a weekly decline and sent market-cap metrics higher as traders digested both the technical and fundamental implications of recent events.

Activation of HIP-3 Hyperliquid upgrade

The headline driver is the activation of Hyperliquid Improvement Proposal 3 (HIP-3) on Oct. 13, a protocol upgrade that allows permissionless creation of perpetual futures markets.

Under the new rules, builders who stake 500,000 HYPE can deploy perp DEXs on HyperCore, a shift that explicitly links token utility to platform growth.

That staking mechanism creates immediate on-chain demand for HYPE while lowering barriers for derivatives builders, potentially expanding the range of tradable products and liquidity on the protocol.

This upgrade also aligns with Hyperliquid’s broader positioning as a fully on-chain DEX integrated with HyperEVM.

By design, every trade, order, and liquidation is logged transparently on the chain. For traders and market makers, the promise of open verification reduces counterparty risk tied to opaque internal reporting.

Hyperliquid’s founder criticises CEX’s non-transparent liquidation

Hyperliquid’s founder, Jeff Yan, amplified HYPE’s value proposition by publicly criticising centralised exchanges for underreporting liquidation events.

Yan pointed to documentation showing Binance’s CEX liquidation streams only publish a single event per 1,000 milliseconds, which can mask multiple simultaneous liquidations.

Hyperliquid’s fully onchain liquidations cannot be compared with underreported CEX liquidations

Hyperliquid is a blockchain where every order, trade, and liquidation happens onchain. Anyone can permissionlessly verify the chain’s execution, including all liquidations and their… pic.twitter.com/K5sv74LJgO

— jeff.hl (@chameleon_jeff) October 13, 2025

In the wake of a $19 billion liquidation cascade over Oct. 10–11, those comments hit home for many market participants.

The contrast between Hyperliquid’s on-chain record and alleged CEX underreporting has become a tradeable narrative.

Institutional and retail traders who prioritise verifiable execution may reallocate activity and capital toward venues where every liquidation is public and auditable.

That trust shift, if it persists, could support sustained volume on Hyperliquid.

HYPE token price analysis

Technically, HYPE has bounced off a longer-term support near the 200-day simple moving average, around $36.17, which attracted dip buying.

Momentum indicators look mixed: RSI sits close to oversold territory at about 38.8, suggesting room to run, while MACD readings remain bearish.

While Hyperliquid’s price has today cleared a short-term hurdle, meaningful overhead resistance exists, and bears have not yet capitulated.

According to some analysts like CoinLore, the token needs to hold above $39.80 to target the first resistance at $43.82, with higher resistances at $49.45 and $57.30.

On the downside, a failure of $39.87 could open the path toward $35.03, where longer-term support may be tested.

Hyperliquid price forecast and key levels to watch

In the near term, bullish momentum looks plausible if adoption follows the upgrade and if the transparency narrative continues to redirect volume into Hyperliquid.

A sustained hold above $40 is critical; it would validate the recent rebound and increase the chance of testing $43.82 as the next objective.

Failure to defend that zone, however, could see HYPE retest lower support near $35.

Traders should watch for concrete adoption signals over the next 48 hours: new perp deployments, on-chain staking activity, and consistent trade volumes on freshly minted markets.

The traders should also monitor how the broader market digests macro news, since systemic events can quickly overwhelm idiosyncratic catalysts.

If builders and traders embrace HIP-3, HYPE’s utility and demand could meaningfully outpace speculative momentum alone.

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Hyperliquid price forecast: HIP-3 upgrade and CEO’s transparency crusade fuel bullish momentum

Source: https://coinjournal.net/news/hyperliquid-price-forecast-hip-3-upgrade-and-ceos-transparency-crusade-fuel-bullish-momentum/

Launch Coin on Believe (LAUNCHCOIN) price surged nearly 60% in early trading on Tuesday, with the altcoin’s sudden pump leading to significant losses for shorts.

The token’s rapid price increase also triggered a cascade of liquidations, with on-chain data showing a liquidity provider suffered losses of over $4 million.

Launch Coin on Believe price sees sudden 60% pump

Cryptocurrencies like Worldcoin and MYX Finance are riding bullish news to top gainers charts over the past 24 hours. Meanwhile, small cap token LAUNCHCOIN is also attracting social chatter.

As noted, the Launch Coin on Believe price experienced a sharp price surge amid a nearly 60%  spike. Trading around $0.076 in early deals during the Asian session, LAUNCHCOIN suddenly pumped to $0.132.

This sudden jump accounted for a 60% rise that hit many traders betting on a continued consolidation or downturn.

With intense buying pressure, driven by speculative trading and potential market manipulation, LAUNCHCOIN saw its daily trading volume skyrocket.

According to CoinGecko, the rapid ascent pushed volume on centralized crypto exchanges such as LBank and Bitget 540% up, and stood around $255 million in 24 hours.

The more than fourfold increase in volume from the day before attests to the sharp uptick in market activity.

$4 million loss amid cascade of liquidations

While buyers celebrated the meteoric price surge, LAUNCHCOIN’s gains saw a notable market player suffer significant losses.

According to analytics account Lookonchain, a wallet linked to the market maker GSR suffered one of the biggest losses as the token’s price rose.

The wallet, shown to have been hedging a short position on LAUNCHCOIN, was fully liquidated. It meant a loss equivalent to $4 million as GRS Market’s other positions saw a cascade of liquidations on decentralized exchange Hyperliquid.

As liquidation on LAUNCHCOIN’s gains hit the leveraged positions betting against a price increase, other positions too were wiped out. Lookonchain notes GRS Market’s other short positions caught in the carnage included Mantle, Popcat, Chainlink and Lido DAO.

“The liquidation of #GSRMarkets’ short position triggered a domino effect, wiping out their other shorts on $MNT, $POPCAT, $LINK, and $LDO, and zeroing out the account,” Lookonchain posted.

LAUNCHCOIN’s price currently hovers around $0.091, slightly off its intraday high. The $0.08 level, above which bulls took charge for the spike, is likely to be critical if price falls further.

As LAUNCHCOIN looks for a decisive move, analysts say the event highlights how the cryptocurrency trading market can offer opportunity but also be a brutal arena with fortunes shifting in an instant.

The post LAUNCHCOIN price pump leads to $4m loss for crypto trading firm appeared first on CoinJournal.

LAUNCHCOIN price pump leads to $4m loss for crypto trading firm

Source: https://coinjournal.net/news/launchcoin-price-pump-leads-to-4m-loss-for-crypto-trading-firm/

21Shares, a Switzerland-based asset manager and issuer of crypto exchange-traded products (ETPs), has listed the Hyperliquid ETP on the SIX Swiss Exchange.

The new product provides institutional and retail investors with exposure to Hyperliquid’s native token (HYPE) without the need for wallets or on-chain custody.

The listing represents the first institutional-grade investment vehicle offering direct exposure to the Hyperliquid protocol.

It arrives just days after HYPE reached an all-time high of $50.99, reflecting the platform’s growing influence in the decentralized finance (DeFi) derivatives sector.

Mandy Chiu, head of financial product development at 21Shares, praised Hyperliquid’s trajectory, stating that its “growth has been nothing short of extraordinary, and the underlying economics are among the most compelling we’ve seen in the space.”

Founded in 2018, 21Shares has a record of launching regulated digital asset products.

Its portfolio includes the first physically backed crypto ETP, as well as spot Bitcoin and Ether ETFs in the US.

In Europe, the firm has built a suite of crypto ETPs spanning single-asset offerings like Solana (SOL) and Dogecoin (DOGE) to diversified baskets and staking-focused funds.

Hyperliquid’s rapid rise in DeFi

Hyperliquid launched in late 2022 as a layer-1 blockchain with a decentralized exchange specializing in perpetual futures.

Unlike many DeFi platforms that rely on automated market makers, Hyperliquid uses a traditional onchain order book to match buy and sell orders directly.

Trades are cleared in under a second without reliance on oracles or off-chain infrastructure.

The exchange’s fee structure funnels transaction costs into daily buybacks of its native HYPE token, supporting demand for the asset.

This model has helped fuel explosive growth across trading volumes, revenues, and user adoption.

In July, Hyperliquid processed $319 billion in trades—the highest monthly volume ever for a DeFi perpetuals platform.

That activity contributed to a total of nearly $487 billion in decentralized perpetual trading volume, according to DefiLlama.

The platform also captured 35% of all blockchain revenue that month, surpassing competitors on Solana, Ethereum, and BNB Chain.

Hyperliquid has since emerged as the seventh-largest derivatives exchange globally by daily trading activity, with more than 600,000 registered users as of July.

While a 37-minute outage on July 29 briefly disrupted trading, the protocol reimbursed $2 million in losses, winning support from its community for its quick response.

Balancing growth and market concerns

Despite its momentum, questions remain over market integrity.

On Wednesday, four large traders allegedly manipulated the market for Plasma’s XPL token, briefly driving its price 200% higher to $1.80 before smaller participants absorbed heavy losses.

The suspected manipulation generated $48 million in profits for the traders involved.

Still, optimism for Hyperliquid’s long-term trajectory remains strong.

At the WebX 2025 conference in Tokyo, BitMEX co-founder Arthur Hayes projected that the HYPE token could rise 126-fold over the next three years, citing the exchange’s robust fee revenue and the broader expansion of stablecoins.

As institutional-grade products such as the 21Shares Hyperliquid ETP launch, investor access to emerging DeFi infrastructure continues to expand.

While governance and market risks persist, Hyperliquid’s rapid ascent underscores the growing demand for decentralized derivatives and the financial instruments designed to track their performance.

The post 21Shares launches Hyperliquid ETP on Swiss Exchange amid surging DeFi volumes appeared first on CoinJournal.

21Shares launches Hyperliquid ETP on Swiss Exchange amid surging DeFi volumes

Source: https://coinjournal.net/news/21shares-launches-hyperliquid-etp-on-swiss-exchange-amid-surging-defi-volumes/

Hyperliquid (HYPE) stood out among top cryptocurrency performers this week as the native token of the high-performance layer-1 blockchain rose to a new all-time high above $51.

But can bulls hold prices above a key trendline and enter price discovery?

Hyperliquid pares gains after bulls reach new ATH

HYPE has been on a tear, climbing to an all-time high of $51.07 on August 27, 2025, fueled by a slight crypto market bounce that saw Bitcoin flip to above $113k from under $110k.

The gains came as stocks edged higher ahead of Nvidia earnings, and then futures surged after the AI chip giant posted a revenue beat.

With weekly gains exceeding 18%, Hyperliquid outpaced many top cryptocurrencies and stormed to its new ATH.

Having captured the crypto market’s attention with spot volumes hitting daily peaks above $3.5 billion, HYPE token’s price jumped more than 17% in the past week.

This saw the 16th-ranked altcoin hit highs of $51 across major exchanges.

CoinGecko data shows the altcoin’s price managed a 1,174% rally from its all-time low of $3.81 reached in November 2024.

Whales are aggressively buying HYPE.

Two more whales bought 175,130 $HYPE($8.47M) in the past 12 hours.https://t.co/61ts9kBRC8https://t.co/t6SDRudnPbhttps://t.co/DAxhCUWBkd pic.twitter.com/dOUyTSb92B

— Lookonchain (@lookonchain) August 28, 2025

On-chain activity, with Hyperliquid’s decentralised exchange recording new highs in daily trading volume and fees, helped bulls.

Institutional adoption, highlighted by spot exchange-traded fund anticipation and support by BitGo and Anchorage Digital Bank, has been a key catalyst.

Hyperliquid price forecast: Is $100 next for HYPE?

The broader crypto market bounce, with Cronos (CRO) jumping on Trump Media news, also helped HYPE drive higher.

Analysts now say Hyperliquid price could extend gains in the coming months, with bulls likely to see triple-digit moves as they eye $100 and higher.

However, HYPE has pulled back slightly, with profit-taking currently seeing the token hover above $48.

Despite the pullback, market sentiment remains optimistic, supported by Hyperliquid’s dominance in the decentralised perpetuals market.

The daily chart above shows the technical outlook for HYPE is largely bullish as the token holds above a key ascending trendline.

It signals sustained buyer demand, with the Relative Strength Index (RSI) above 57 to suggest that momentum favours the bulls.

The daily MACD also shows a bullish crossover, with the histogram’s green bars strengthening.

If HYPE regains upside traction, analysts believe it could enter price discovery mode, potentially targeting $100 in the coming months.

As noted, a broader market downturn could push HYPE toward support levels, with demand reload zones around $42 and then $30.

The post Hyperliquid price forecast as HYPE sees pullback after hitting all-time high appeared first on CoinJournal.

Hyperliquid price forecast as HYPE sees pullback after hitting all-time high

Source: https://coinjournal.net/news/hyperliquid-price-forecast-as-hype-sees-pullback-after-hitting-all-time-high/

Hyperliquid’s native token HYPE has climbed 21.7% so far in August, cementing its position among the best-performing large-cap cryptocurrencies.

At around $45, the token is just below its July all-time high of $49.75, while daily trading volumes continue to surge.

The question many investors are asking is whether this momentum can last, or if the rally risks losing steam as broader market conditions shift.

Momentum builds on strong fundamentals

Unlike most altcoins that struggled during this month’s market pullback, HYPE has remained resilient.

While Bitcoin slipped back to $111,000 from a $117,000 peak after Jerome Powell hinted at possible rate cuts in September, Hyperliquid’s numbers kept growing.

Spot trading on the platform hit a record $3 billion in a single day, including $1.5 billion in Bitcoin alone, making it the second-largest venue for spot BTC trading across both centralised and decentralised exchanges.

At the same time, the exchange generated $93.5 million in fees and nearly $87 million in revenue this month, marking its strongest month on record.

These metrics highlight a platform that is not only attracting traders but also converting activity into substantial cash flow. This contrasts with rivals that often struggle to scale revenues despite surging volumes.

A rising star in the perpetual futures market

Hyperliquid’s rapid rise has also been fueled by its dominance in decentralised perpetuals, where it now controls close to 80% of the market.

On the broader decentralised exchanges category, Hyperliquid controls 18.4%, the largest market share, according to data from Coingecko.

At its peak, the platform processed as much as $30 billion in daily trades, a level that only a handful of decentralised exchanges have ever reached.

The exchange’s success comes from a combination of technical efficiency, including sub-second finality through its HyperBFT consensus, and a community-first approach with fee-sharing incentives for traders and developers.

The strategy has allowed Hyperliquid to eclipse established rivals such as dYdX, which saw its market share shrink from 30% at the start of 2024 to just 7% by year-end.

Today, Hyperliquid’s trading share has stabilised above 65% and at times touched 80%, cementing its position as the leading decentralised exchange for perpetuals.

Big predictions, bigger risks

The platform’s rise has not gone unnoticed. During a keynote at WebX Tokyo, BitMEX co-founder Arthur Hayes predicted HYPE could climb 126 times over the next three years if its fee revenue scales from $1.2 billion to more than $250 billion.

Watching @CryptoHayes predict HYPE pumping 126x in Tokyo.

Hyperliquid. pic.twitter.com/PL8xI0gcsB

— Alex Svanevik (@ASvanevik) August 25, 2025

Markets reacted quickly, with HYPE’s price briefly spiking and trading volume surging more than 60% in 24 hours.

Still, Hayes himself admits his bold calls are only right about a quarter of the time. Analysts have also cautioned that Hyperliquid faces risks.

The platform relies heavily on sustained trading volumes, leaving it vulnerable to downturns in a prolonged bear market.

With only 16 validators, concerns around centralisation and transparency remain.

A lack of open-source code and reliance on a small team also expose it to execution risks.

Can the Hyperliquid price rally last?

For now, HYPE’s fundamentals appear strong enough to support its recent rally.

Its growing fee revenue, record spot volumes, and overwhelming market share in perpetual futures point to a platform that is executing with remarkable precision.

Valuation estimates from OAK Research put HYPE’s fair value between $32 and $49, suggesting it is trading near the higher end of conservative models but not wildly overstretched.

Whether the rally can extend depends on broader market conditions and Hyperliquid’s ability to manage its risks.

If on-chain trading continues to grow and the platform sustains its current pace of adoption, HYPE may well have room to climb higher.

The post Hyperliquid (HYPE) is up 21% in August, but can it sustain the rally? appeared first on CoinJournal.

Hyperliquid (HYPE) is up 21% in August, but can it sustain the rally?

Source: https://coinjournal.net/news/hyperliquid-hype-is-up-21-in-august-but-can-it-sustain-the-rally/

Hyperliquid, a fast-growing decentralised exchange built on its own Layer 1 blockchain, has announced it will compensate users affected by a sudden API outage that disrupted trading activity on Tuesday.

The API outage, which occurred on July 29 between 14:10 and 14:47 UTC, left users unable to close positions, execute trades, or withdraw funds through standard interfaces.

Although the backend of the protocol, including the Hyperliquid DEX, consensus mechanism, and HyperEVM, remained operational, the frontend’s failure highlighted a critical vulnerability in many DeFi systems: their reliance on centralised infrastructure for user access.

The Hyperliquid API crash that froze trading for over 30 minutes

The disruption began shortly after 14:10 UTC, when users started reporting significant delays and errors during trade execution.

By 14:20, the exchange’s front end had effectively frozen, preventing any interaction with the protocol through the mobile app or website.

Hyperliquid later confirmed, in its status page, that the root cause was a massive spike in API traffic, not a hack or security exploit.

The surge overwhelmed the centralised servers responsible for relaying information between the frontend and the decentralised backend.

Despite the DEX continuing to produce blocks and confirm transactions, users saw error messages and were unable to take any action.

This mismatch between what was happening on-chain and what users could see or do through the interface caused widespread confusion.

It also led to price divergences as open positions went unmanaged during volatile moments.

Refunds will be automated, no tickets needed

In response, Hyperliquid has pledged to issue refunds to users who were adversely affected during the outage.

The team announced on both Telegram and Discord that the refunds would be determined through an automated process.

“Refunds will be determined in an automated fashion; impacted users do not need to open a ticket at this time,” the Hyperliquid team stated. They also mentioned that a follow-up update detailing the refund methodology would be shared in the coming days.

This move aims to restore user confidence and ensure fair treatment for those who experienced slippage or losses due to the outage.

Hyperliquid emphasised that only users who encountered execution issues during the specified downtime would be eligible.

Market reaction and user sentiment

Following the outage, the platform’s native token, HYPE, dropped nearly 5%, falling from $45 to a low of $42.43.

It has, however, recovered slightly to $44.87.

The decline in token value underscores the market’s sensitivity to operational disruptions, especially those that affect user access and trust.

While Hyperliquid’s quick response and commitment to refunds may ease some concerns, the event has added to growing scrutiny around DeFi platforms’ dependence on centralised frontend components.

The post Hyperliquid plans automated refunds for users affected by API outage appeared first on CoinJournal.

Hyperliquid plans automated refunds for users affected by API outage

Source: https://coinjournal.net/news/hyperliquid-plans-automated-refunds-for-users-affected-by-api-outage/

A spark of bullish momentum has seen Bitcoin smash through the $118,000 mark today, setting a new all-time high.

The sharp move that had BTC moving from off the $110k low has triggered a massive wave of liquidations, which have wiped out over $1 billion in short positions across the cryptocurrency market in the past 24 hours.

The surge, fueled by institutional demand, regulatory clarity, and macroeconomic shifts, has sent shockwaves through the crypto space, leaving traders and analysts scrambling to predict what’s next for the world’s largest digital asset

Shorts see red amid $1.2 billion in liquidations

Bitcoin, the crypto market’s bellwether, surged to a new all-time high of $118,403 on Friday, July 2025.

Robust institutional demand and $1.18 billion in net inflows to Bitcoin spot ETFs on July 10 highlighted this move.

Macro headwinds, with investors factoring in possible Fed rate cuts, have also added to the upside fuel.

This rally triggered a massive short squeeze, with over $1.2 billion in crypto liquidations in the past 24 hours, a 140% increase from the prior day.

The most dramatic fallout from Bitcoin’s surge was the annihilation of short-sellers.

Over $1.11 billion in short contracts were liquidated in the past 24 hours, with $635 million tied to Bitcoin and $208 million to Ether, affecting 269,681 traders.

One notable casualty was a single trader on the HTX exchange, whose $88 million short position was wiped out, underscoring the intensity of the market’s upward momentum.

Whales make moves as Bitcoin surges

With Bitcoin breaking a new all-time high, large holders were keen to keep hold of their windfalls.

It included a Binance whale’s “powerful punch” that helped the market higher. CryptoQuant highlighted this in a post on X.

“Until recently, whales on the US-based Coinbase exchange were driving the market, but today’s surge was driven by a significant move from a major whale on the Binance exchange,” said CryptoQuant’s DanCoinInvestor.

While others bought BTC, some scrambled to preserve their positions amid massive liquidations.

According to Lookonchain, a whale who was down by more than $10 million on a 1,135 BTC or $132.65 million short position, opted to deposit more funds to avoid liquidation.

The whale added the $5.5 million USDC to his position on Hyperliquid with a new liquidation price of $121,080.

James Wynn, recently in the headlines for major losses, has also seen positions wiped out in the last 24 hours.

James Wynn’s $BTC short position got fully liquidated in less than 12 hours, resulting in another loss of $27,921.63!https://t.co/205yuTcrz1 pic.twitter.com/AyVORksque

— Lookonchain (@lookonchain) July 11, 2025

As BTC eyes further gains, analysts are saying the supply-side dynamics are tightening.

For instance, Glassnode has noted that long-term holders and smaller entities are accumulating Bitcoin faster than its issuance rate.

This accumulation, coupled with compressed volatility across all timeframes, has set the stage for Bitcoin’s breakout, with analysts eyeing $120,000 as the next psychological target.

The post Over $1.1 billion shorts obliterated as Bitcoin hits $118k appeared first on CoinJournal.

Over $1.1 billion shorts obliterated as Bitcoin hits $118k

Source: https://coinjournal.net/news/over-1-1-billion-shorts-obliterated-as-bitcoin-hits-118k/