HYPE (Hyperliquid) fell 2.41% in the last 24 hours

Gate News Bot news, July 4th, according to CoinMarketCap data, as of the time of writing, HYPE (Hyperliquid) is currently priced at $39.19, having fallen by 2.41% in the last 24 hours, with a high of $41.12 and a low of $36.25. The 24-hour volume reached $221 million. The current market capitalization is approximately $13.086 billion, which is a decrease of about $323 million compared to yesterday.

Recent important news about HYPE:

1️⃣ Hyperliquid ecosystem airdrop expectations drive capital inflow The Hyperliquid ecosystem is experiencing significant capital inflow, with approximately $1.5 billion flowing into related new applications and projects. This is primarily driven by users' strong expectations for the next round of token airdrops. Hyperliquid still holds about 39% of its token reserves for future airdrops, and users actively participate in the ecosystem to acquire potential airdrop shares.

2️⃣ Ecosystem project points system incentivizes users to participate Multiple Hyperliquid ecosystem projects have launched a points reward system, such as Unit, Hyperbeat, Hyperlend, Felix, and others. Users can earn points through various methods including cross-chain bridging, DEX trading, staking, and lending. These points are regarded as key credentials for potential future airdrops, effectively stimulating user participation and the activity level of the ecosystem.

3️⃣ Hyperliquid platform volume and revenue continue to grow The Hyperliquid platform has seen its on-chain perpetual contract trading volume exceed $1.57 trillion in the past 12 months, with total revenue reaching $310 million. In June, it achieved $56 million in fees and revenue, demonstrating the platform's rapid growth and increased market share, which could continue to drive demand and value for HYPE tokens.

From a technical perspective, HYPE is currently fluctuating between the moving average and the downward trendline. Buyers need to break through the resistance of the downward trendline to generate a stronger bullish signal. The support levels are mainly around the 20-day moving average and the 50-day moving average, and investors should closely monitor the performance of these key levels.

This message is not intended as investment advice; investors should be aware of market volatility risks.