The Hyperliquid project maintains its solid protocol economics performance, as it generated $1.49B in cumulative revenues, along with good fee generation and token burn. The latest data on the dashboard show an increase in the economic activity within the decentralized exchange. At the same time, the supply reduction approach adds one more element to the perspective of the HYPE token. Crypto analyst Stefan predicts that the HYPE price may reach $97; however, the token should find the trading range first.
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Hyperliquid Revenue and Fees Reach New Milestones
Based on the latest information provided by HypedLaunches through its hl.eco dashboard, it is clear that the total all-time revenue generated through the Hyperliquid Protocol amounts to $1.49 billion. The total gross trading fees for the protocol amount to $1.72 billion.
Source: HypedLaunches’ X Post
These numbers illustrate the capacity of the exchange to earn from real trading demands and not just from token speculation. Consistent trading volumes may help with continuous fee collection for Hyperliquid and give them an edge in the decentralized derivatives industry.
Also Read: Hyperliquid Burns $6.75M as HYPE Price Outlook Strengthens Sentiment
HYPE Token Burns Remove 5.02% of Total Supply
Token burning by Hyperliquid forms yet another aspect of its economy. As per the latest dashboard statistics, an approximate 50.15 million HYPE tokens have been burned and form 5.02% of the total supply of tokens.
The amount attributed to this destruction is $4.34 billion. This system ties together the events taking place within the protocol with the supply dynamics of HYPE through revenue from transactions that facilitate buying via the Assistance Fund.
This is due to the combination of revenue from the protocol, fees from the transaction, and reduction of supply. However, token burning does not mean that the price will increase. Market demands, market positions, circulation of tokens, and the state of cryptocurrencies will continue to affect the value of HYPE.
HYPE Price Eyes $97 as Analyst Waits for Range Formation
The crypto analyst Stefan believes that the upside potential target for the HYPE price is $97 but is still cautious to start a fresh long trade.
According to Stefan’s most recent analysis, the previous trading strategy is not yet fully developed because there are EQLs that had not been taken yet. He did not go into the trade, and he needs a defined trading range first before entering another long strategy.
Source: Stefan’s X Post
Such a strategy means that the trader is looking at liquidity and market structure rather than focusing on any possible quick rise in prices. Defining such a range will give clearer levels of support and resistance for any future breakout.
The $97 target is still contingent on the emergence of a good setup. Unless the HYPE price creates the appropriate range, it seems that the analyst would wait for stronger confirmation.
What Comes Next for HYPE?
Further development of Hyperliquid’s market will depend on whether trading and earnings are steady for the exchange. Additionally, investors will watch the acquisitions made by the Assistance Fund and the token burning that will take place afterwards.
Technical-wise, the establishment of a distinct trading range still appears to be the near-term condition pointed out by Stefan. The liquidity sweep, support reaction, and resistance test might assist in identifying a possible next long trade opportunity.
With HyperLiquid generating $1.49 billion in protocol income, plus considerable burns of tokens, it bolsters their intrinsic story. But getting closer to $97 is subject to market structure and buying appetite, alongside confirming that the analyst’s predicted setup materializes.
Also Read: Hyperliquid Generates $105M in September Revenue as HYPE Price Eyes Rally
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.
