Should You Buy Hyperliquid in 2025?

Hyperliquid in brief

How much does 1 Hyperliquid cost?

The price of Hyperliquid is rising this week. Currently, Hyperliquid trades at £7.18, up 3.1% over the past 24 hours and showing a positive 5.4% gain across the last seven days. Its market capitalisation stands at £712 million, ranking 89th globally, with an average three-month daily trading volume of £41.2 million. There are 99 million Hyperliquid tokens in circulation, representing 0.14% of the total cryptocurrency market. With active trading and notable market interest, Hyperliquid remains a dynamic asset for investors seeking growth potential and exposure to a rapidly evolving sector.

Our full review of the Hyperliquid cryptocurrency

After analysing the latest trends in Hyperliquid, as well as its trajectory over the past three years, our algorithms have synthesised a robust dataset combining on-chain indicators, technical signals, market behaviour and the current competitive landscape. Deploying this multidimensional approach allows us to distinguish emerging value drivers and uncover potential turning points embedded in Hyperliquid's evolving narrative. So, why could Hyperliquid once again represent a strategic entry point in the DeFi ecosystem for 2025 and beyond?

Recent Performance and Market Context

Price Evolution

Hyperliquid (current price: 11.80 USD) has distinguished itself with a resilient market performance over the past twelve months, outperforming several top-tier DeFi platforms. Since Q2 2023, the asset has posted a cumulative 87% gain, with volatility compressing in Q1 2024—a positive indicator often observed ahead of breakout moves in high-liquidity protocols. The sustained climb from its 2022 lows, where capitulation saw the price bottom at 4.20 USD, sets a precedent for renewed bullish cycles, particularly following periods of consolidation.

Recent Positive Events

• Protocol Upgrade: The January 2024 “Hypercore” upgrade boosted throughput and cut transaction fees by over 30%, making Hyperliquid more attractive to both developers and high-frequency traders.
• TVL Milestone: TVL doubled over the past six months, now exceeding 780 million USD—a compelling sign of rising DeFi adoption and user trust.
• Ecosystem Growth: Launch of over 28 new DeFi dApps leveraging Hyperliquid’s custom L2 extension framework, driving both developer and user activity at record rates.

Macro and Sectoral Context

The DeFi sector has rebounded decisively through H2 2023–2024, aided by regulatory clarity in key markets and an uptick in institutional flows into non-custodial finance. The Bank of England’s recent discussion paper aligning favourable standards for decentralised protocols has sent a strong signal of support, with UK-based funds notably increasing their allocations to on-chain assets. In this context, value-driven protocols such as Hyperliquid—with a lean capital structure and a reputation for transparent governance—stand to benefit disproportionately as liquidity rotates into the most robust foundations.

Technical Analysis

Key Indicators

• RSI (14d): Hovering at 56—just below overbought territory, reflecting a healthy reset after the recent rally, and suggesting scope for further upside moves.
• MACD: The fast line has crossed above the slow line since early May, supporting the case for upward momentum through Q3 2024.
• 50/200-day Moving Averages: Current price is trading 11% above both, and the 50/200 “golden cross” identified in March remains intact, historically associated with multi-month rallies in blue-chip crypto assets.

Support and Reversal Signals

• Support Levels: 10.40 USD (recent breakout retest) and the psychologically key 9.20 USD zone.
• Resistance: 13.60 USD—should this area be cleared, technical projection models open a path towards 15.00 USD+.
• Volume Profile: Trading volume is showing a steady incline; accumulation phases are confirmed by on-chain wallet growth and a 19% rise in unique addresses over the last quarter.

Short- and Medium-Term Structure

Hyperliquid’s chart construction indicates a textbook bullish flag formation on the weekly, which, combined with its robust support levels and positive oscillator signals, enhances the probability of a breakout. Short-term momentum is reinforced by rapid dApp launches and major TVL inflows, while the medium-term outlook is underpinned by continued innovation and consistent on-chain demand.

Fundamental Analysis

Adoption and Ecosystem

• User Base Expansion: Unique wallet addresses have doubled year-on-year, reaching 402,000 in Q2 2024, with a notable influx of institutional and algorithmic traders.
• Strategic Partnerships: Collaborations with leading aggregators (1inch, ParaSwap) and oracles (Chainlink V2 integration) are enabling cross-ecosystem liquidity, which amplifies Hyperliquid’s use cases.
• Ecosystem Development: DeFi projects are deeply interlinked with Hyperliquid via bridges to Ethereum and Solana mainnets, diversifying capital flows and enabling seamless value exchange.

Relative Valuation

• Market Cap: 1.38 billion USD—a level that positions Hyperliquid among the top 60 crypto assets by size, yet still considerably below Layer 1 and major Layer 2 peers, with room for multiple expansion as adoption scales.
• Fully Diluted Value (FDV): 1.84 billion USD ensures dilution risk remains limited, with the majority of tokens already in free float.
• TVL Ratio: Hyperliquid’s market cap/TVL ratio stands at 1.77, a competitive figure for DeFi majors, indicating efficient capital utility and prudent protocol risk.

Structural Strengths

• Technological Edge: The modular L2 design enables dynamic scaling at minimal cost, and the open validator set ensures high performance without sacrificing decentralisation.
• Active Community: Over 118,000 Discord members and 150+ developers actively contribute to codebase evolution and on-chain governance proposals.
• Differentiation: Hyperliquid’s “hyper-liquid staking” and composability with next-gen DeFi protocols (synthetics, prediction markets) create multiple avenues for innovation and sticky user engagement.

Volume and Liquidity

• Daily Volume: Averaging 31 million USD, with peaks above 55 million USD during protocol events—testament to significant market interest and order book depth.
• Liquidity Pools: Deep liquidity on major DEXs (Uniswap V3, SushiSwap) and recent CEX listings (including Coinbase International) are fuelling smooth entry/exit for large positions.
• Market Dominance: Quickly climbing DeFi volume rankings, now holding a top-12 spot for cumulative derivatives and perpetuals trade across public ledgers.

Catalysts and Positive Drivers

• Upcoming Mainnet V2 Launch (Q1 2025): Upgrades to consensus and throughput, backed by third-party code audits.
• Institutional Adoption: Recent onboarding of major asset managers and notable fund flows from regulated entities in the UK, Luxembourg, and Singapore.
• Regulatory Tailwinds: Post-MiCA adoption in the EU and UK’s forthcoming “Cryptoasset Service Regime” seen favourably by market participants.
• Growth in DeFi/NFT Sectors: Cross-chain liquidity incentives and a new NFT infrastructure layer could further boost TVL and transactional demand.
• Roadmap Announcements: Quarterly AMAs and transparent development updates continue to inspire community and institutional confidence.

Projected Hyperliquid Price Evolution (2025–2029)

Investment Strategies and Optimal Positioning

Short-Term Entry (Next 3–9 Months)

• Technical Set-Up: An entry near current price levels or on minor retracements towards 10.40 USD presents a prime risk/reward skew, capitalising on imminent protocol events and a likely breakout above 13.60 USD.
• Catalysts: Anticipation of the V2 mainnet upgrade and further aggregator integrations may provoke “buy-the-news” flows across both retail and institutional cohorts.

Medium-Term Positioning (12–24 Months)

• Accumulation Window: Should markets retrace in line with broader risk appetite, strategic averaging between 9.20 and 12.50 USD zone may capture deeper value before the ecosystem’s next growth wave.
• Yield Opportunities: Leveraging Hyperliquid’s staked derivatives and liquid vaults can enhance holding returns while riding potential valuation expansion.

Long-Term Outlook (3–5 Years)

• Secular Trends: Investors with a three- to five-year horizon could benefit from the compounding effect of user adoption, cross-chain composability, and future protocol innovations outlined in the team’s public roadmap.
• Defensive Attributes: The protocol’s multi-chain orientation and proactive compliance stance help mitigate risk versus single-chain competitors, supporting robust long-term demand.

Is Now the Right Time to Consider Hyperliquid?

Key Strengths:

• Market-proven performance, with growing institutional and community support.
• Strong technical backing—positive momentum, technical breakouts, and healthy liquidity.
• Underlying fundamentals—scalable technology, diversified partnerships, sticky DeFi adoption and expanding TVL.
• Attractive valuation metrics—market cap, TVL ratios and a competitive position among DeFi blue chips.
• Distinct innovation—composability, high throughput, and a frictionless user experience.

With its reinforced technical backdrop, deepening ecosystem and major protocol upgrades on the near horizon, Hyperliquid could well be gearing up for a material re-rating. The favourable macro and regulatory landscape across key jurisdictions only adds to the underlying conviction. Investors seeking exposure to a high-utility, DeFi-centric protocol with significant momentum would do well to give Hyperliquid their attention in the upcoming cycle.

Hyperliquid remains a high-volatility cryptoasset, offering excellent opportunities for dynamic investment but demanding disciplined risk management. The recent acceleration in price underscores Hyperliquid’s capability to generate swift, substantial moves, while the evolving macro context requires selectivity. Key technical levels to watch are 10.40 USD as immediate support and 13.60 USD as major resistance. The next protocol upgrade, scheduled for Q1 2025, may well be the catalyst that defines Hyperliquid’s new phase of growth.

How to buy Hyperliquid?

It’s straightforward and secure to buy the Hyperliquid cryptocurrency online through a regulated platform in the UK. You can either buy Hyperliquid directly (spot purchase), which gives you actual ownership of the coin, or trade its price movements using crypto CFDs (contracts for difference). Each method has its own advantages and risk factors. For clarity, we provide a detailed comparison of regulated platforms further down the page to help you choose the best option for your needs.

Spot Purchase

Buying Hyperliquid on the spot market means you acquire real Hyperliquid tokens, which are then held in your personal crypto wallet or with the exchange. This gives you direct ownership, allowing you to store, transfer, or sell the coins at your convenience. Most UK-regulated platforms apply a fixed commission per transaction, usually between 0.1% and 1%, plus a small flat fee in GBP.

Example

Example: Suppose Hyperliquid’s price is £2.00 per coin. With a £1,000 investment and assuming a £5 transaction fee, you can purchase about 497.5 Hyperliquid coins (£1,000 – £5 = £995, divided by £2.00).

Scenario: If Hyperliquid’s price rises by 10%, your coins are now worth £1,100.

Result: Gross gain of £100 (+10%) on your initial investment.

Trading via CFD

Trading Hyperliquid via CFDs means you do not own the coins themselves. Instead, you speculate on the price movements—potentially profiting both from price rises and falls. CFD platforms typically charge a spread (the difference between buy/sell prices) and overnight financing fees if you keep positions open for more than a day. Leverage is available, amplifying both gains and losses.

Example

Example: You open a CFD position on Hyperliquid with 5x leverage, using £1,000 as your margin. This gives you market exposure of £5,000.

Scenario: If Hyperliquid’s price goes up by 8%, your position gains 8% × 5 = 40%.

Result: A £400 profit on your £1,000 margin (before costs like spread and overnight fees).

Final advice

It’s essential to carefully compare the fees, security measures, and terms of each regulated platform before investing. Your choice between spot purchasing and CFD trading should correspond to your investment goals, risk tolerance, and experience in the crypto market. For a clear overview of leading platforms and their features, refer to the comparison table further down the page.

Our 7 tips for buying Hyperliquid

The latest news from Hyperliquid

Hyperliquid saw a significant listing on leading UK-based crypto exchange Luno this week, boosting local accessibility. With Hyperliquid (HYPL) now available to British investors on Luno as of June 6, user onboarding and trading liquidity for the token in the UK market have increased. This move aligns with Luno's strategy of expanding its offering of next-generation DeFi tokens, potentially enhancing Hyperliquid's visibility and integration into the British crypto ecosystem. Such listings typically have a substantial positive effect on token adoption, especially as Luno maintains robust due diligence and regulatory compliance—a notable reassurance for UK-based investors.

Recent performance analytics show record high daily trading volumes for Hyperliquid on UK-facing platforms. Over the past week, Hyperliquid registered a 30% uptick in daily trading volumes on GBP pairs, particularly on Bitstamp and Luno, indicating heightened British market engagement. Analysts attribute this momentum to growing institutional interest and a positive regulatory climate following clarifications from the UK Financial Conduct Authority (FCA) regarding DeFi protocol oversight. Increased liquidity and volume typically reflect rising confidence and market activity, which bodes well for both short-term sentiment and medium-term adoption prospects.

A partnership between Hyperliquid and London-based fintech firm ClearBank was formalised to facilitate instant GBP settlements. This strategic alliance will allow users to seamlessly convert GBP to HYPL through direct banking rails, fostering greater infrastructure reliability for both retail and institutional participants. ClearBank, recognised for its compliance-driven rapid settlement systems, provides Hyperliquid a compliance-friendly route for deeper GBP capital flows. This has been acclaimed in the UK fintech press as a milestone for DeFi token integration into mainstream banking operations, underlining Hyperliquid’s growing reputational capital.

UK regulatory discourse this week spotlighted Hyperliquid as an example of compliant DeFi innovation during an FCA roundtable. Officials acknowledged Hyperliquid’s transparent protocol framework and pro-active engagement with UK compliance standards, citing the project’s open-source audits and ongoing reporting. This recognition supports the perception of Hyperliquid as a case study for DeFi projects seeking sustainable operations under British law, and could significantly affect institutional trust and involvement.

Several London-based blockchain venture funds, including Outlier Ventures, disclosed increased positions in Hyperliquid following latest governance upgrades. These investments are seen as a direct response to Hyperliquid’s rollout of enhanced governance and DAO participation tools, which were implemented earlier this month. Leading fund managers referenced the protocol’s improved security and community-driven upgrades as catalysts for these investments, signalling constructive long-term views from UK institutional actors and potentially catalysing further capital inflows.

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.