Hyperliquid has generated approximately $4.1 million in fees over the past 24 hours, equivalent to around 57,700 HYPE tokens. The development highlights continued revenue generation across the decentralized trading platform and its token buyback mechanism. Meanwhile, the HYPE price is showing signs of recovery as traders monitor a descending trendline highlighted by crypto analyst Aman. A breakout followed by a successful retest could strengthen the bullish outlook and bring the $80 level into focus.
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Hyperliquid Revenue Reaches $4.1 Million
According to Vikingos, Hyperliquid generated approximately $4.1 million in fees over the past 24 hours. At the prevailing token valuation, this amount represents roughly 57,700 HYPE.
The development highlights the platform’s ability to generate substantial revenue from trading activity. Hyperliquid operates a decentralized exchange focused on perpetual futures and spot trading, with platform activity contributing to its protocol revenue.
Source: Vikingos’ X Post
Its Assistance Fund mechanism also connects platform revenue with HYPE demand. A portion of protocol fees is directed toward purchasing HYPE from the open market. The acquired tokens are subsequently sent to a burn wallet, permanently removing them from circulation.
This mechanism creates a connection between platform activity and the token’s supply dynamics. Higher trading activity can support revenue generation, while continued purchases can contribute to reducing the circulating supply.
However, the estimated 57,700 HYPE equivalent should not automatically be interpreted as the confirmed number of tokens burned during the same 24-hour period.
Also Read: Hyperliquid Burns $2.08M in HYPE as HYPE Price Outlook Draws Attention
HYPE Buybacks Connect Trading Activity to Burns
Hyperliquid’s fee generation is particularly relevant because its revenue mechanism provides a direct connection between exchange activity and HYPE’s token economics.
When trading activity increases, the platform can generate additional fees. The Assistance Fund then uses its allocated revenue to purchase HYPE, creating market demand for the token.
These purchases can support the ecosystem’s token economics, although their effect on price depends on broader market conditions, selling pressure, and overall demand.
The latest revenue figure also highlights the importance of monitoring Hyperliquid’s trading activity alongside its token performance. Strong platform revenue does not guarantee immediate price appreciation, but it provides additional context for evaluating the ecosystem’s growth.
HYPE Price Tests Trendline as Buyers Attempt Recovery
HYPE is attempting to recover as buyers monitor a descending trendline that has limited its upward movement. The broader technical structure remains important because the token is still below its September all-time high near $97.98.
The immediate resistance is the descending trendline identified by Aman. A decisive move above this barrier could indicate that selling pressure is weakening.
A successful retest would provide additional confirmation that former resistance is turning into support. This could strengthen the recovery structure and encourage buyers to enter the market.
On the downside, the $69–$70 region is an important area to monitor. A sustained move below this zone could weaken the current recovery attempt and expose HYPE to further selling pressure.
Therefore, traders are watching both the trendline breakout and the token’s ability to maintain higher price levels before considering a stronger bullish reversal.
Aman Sees HYPE Price Rally Toward $80
Crypto analyst Aman believes the HYPE price could be preparing for a relief rally after facing sustained selling pressure.
According to his analysis, traders have continued shorting the HYPE price while the token approaches an important descending trendline. He highlighted that reclaiming previously lost levels could challenge bearish positioning.
Source: Aman’s X Post
Aman believes a breakout above the trendline, followed by a successful retest, could strengthen the bullish setup. Under this scenario, HYPE could move toward $80.
However, the target remains conditional. Without a confirmed breakout and sustained buying pressure, the token could continue trading below trendline resistance.
The substantial derivatives activity also means that sudden price movements could trigger additional liquidations, potentially increasing market volatility.
What Comes Next for HYPE?
The next important development for HYPE will be its reaction around the descending trendline. Traders will likely monitor whether buying volume increases during an attempted breakout and whether the token can maintain its reclaimed level.
Protocol revenue will also remain an important metric. Continued fee generation could support the Assistance Fund’s market purchases, potentially strengthening the relationship between platform activity and HYPE’s supply dynamics.
The $80 level represents the next upside objective highlighted by Aman. However, reaching this target would require stronger bullish momentum and confirmation from the broader market structure.
Also Read: Hyperliquid HIP-3 Open Interest Hits $4.7B ATH as HYPE Price Signals Recovery
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Usman Zafar is a News Desk writer at Tronweekly with over five years of experience in cryptocurrency and blockchain journalism. He covers Bitcoin, Ethereum, DeFi, crypto laws and regulation, market activity, Layer 2 scaling solutions, and blockchain-based innovations, focusing on fast-moving developments and official industry updates. Usman previously wrote for BTCread and follows strict verification and editing practices to ensure accurate, timely, and responsible crypto news for a global audience.
