Hyperliquid's August revenue reached a historic high of $106 million, and HYPE is expected to hit $100 in 2025 | HYPE price prediction

The decentralized derivatives trading platform Hyperliquid achieved its best performance in history in August, with a monthly revenue of 106 million USD, a month-on-month increase of 23%, and perpetual futures trading volume nearing 400 billion USD. According to The Block's data dashboard, the platform holds a 70% share in the major perpetual futures trading market, leading competitors like Jupiter and Orderly Network. The platform's native token HYPE is consolidating around the key support level of 44-45 USD, while the assistance fund spent 106 million USD on buybacks at an average cost of 42.8 USD. Analysts predict that if it breaks through the resistance level of 49-50 USD, it could target 100 USD by 2025.

August Performance Hits Record High, Revenue Exceeds 100 Million Dollar Mark

According to DefiLlama data, Hyperliquid platform's revenue in August reached 106 million USD, a 23% rise from July's 86.6 million USD, setting a historical record. This growth is driven by nearly 400 billion USD in Perptual Futures trading volume, continuing the platform's strong performance in the Decentralization Perptual Futures market. The Block data shows that Hyperliquid occupies 70% of the market share among major Perptual trading platforms, continuing to lead competitors like Jupiter and Orderly Network. Since the end of 2024, the platform's trading volume has seen explosive growth, jumping from less than 100 billion USD in November to over 300 billion USD in August 2025.

Technical Architecture and Institutional Recognition Self-developed Layer 1 Chain Shows Advantages

The rise of Hyperliquid is often attributed to its on-chain architecture based on the self-developed Layer 1 blockchain HyperEVM, which attracts traders with high performance and lower transaction fees. The platform's technical advantages have also gained recognition from institutions, as 21Shares recently launched Hyperliquid exchange-traded products (ETPs) on the Swiss SIX exchange, marking the acceptance of decentralized infrastructure by traditional finance. This architecture enables Hyperliquid to handle institutional-level trading volume while maintaining the transparency and security of a decentralized network.

Market Manipulation Events and Risk Control Upgrade Implementing a 10x Price Limit Mechanism

The platform also faces challenges during its development. Last month, there was an incident where whale investors were suspected of manipulating the newly listed XPL Token futures market, resulting in significant losses for other traders. Similar incidents also occurred in the Jelly Meme coin futures market in March. To address this, Hyperliquid has introduced several risk control upgrades, including a 10-fold price cap mechanism relative to the 8-hour exponential moving average price, and has integrated external market data to improve price stability. These measures aim to balance market innovation with investor protection, maintaining the ecological health of the platform.

Token Economic Model Innovation 99% of Fees Used for Buyback Support Level Coin Price

In the past 30 days, the Hyperliquid fund has invested $106 million in HYPE token buybacks, with an average cost of $42.8, continuously absorbing market supply and supporting the price. The upcoming upgrade will further change the token economic model, reducing the market maker (HLP) fee sharing ratio to 1%, with the remaining 99% directly used for buybacks. Analyst 0xbabydefi pointed out that this structural change could significantly amplify buying pressure, and as the fund sees a large inflow of funds daily, the redirection of fees could accelerate the accumulation rate, providing stronger price support for HYPE.

Technical Analysis and Price Prediction Key resistance level at 49-50 USD

The HYPE Token is currently consolidating near the key support level of 44-45 USD, with multiple retests confirming this area as short-term support. Momentum indicators are gradually turning upward, with the price approaching the recovery level of 45.08 USD, which will become the first trigger point for a rebound. A successful breakout may open the path to the intermediate resistance zone of 48.80-49.90 USD, further extending to the 51 USD area. Analyst Rand predicts a target price of 100 USD by the end of 2025, which requires the technical analysis to continue the current trend and receive ongoing support from buyback activities and on-chain demand.

Three consecutive months surpassing Robinhood on-chain growth conversion and sustainable earnings

HYPE Hyperliquid is about to close its strongest on-chain month, with perpetual futures volume and revenue both hitting historic highs. Grimjow shared data shows the platform's monthly settlement volume exceeded $330 billion, surpassing Robinhood for the third consecutive month. This consistency highlights Hyperliquid's growing influence among top trading platforms. Revenue has also followed the rise in trading volume, breaking the $100 million mark in monthly income, indicating that demand is translating into sustainable earnings. Such on-chain strength typically leads market sentiment, providing a more solid foundation for price action.

Conclusion

Hyperliquid is showing a steady development trend supported by fundamentals. The platform not only maintains support in the 44-45 USD range but also strengthens this position through continuous buybacks and soaring volume. This combination makes the recent consolidation look more like a buildup for the next rise. If HYPE buyers ultimately break through the 49-50 USD ceiling, momentum could quickly shift towards the 60 USD area and higher targets, making the 2025 target of 100 USD clearer. The platform's ability to expand its scale while maintaining technical advantages to meet growth demands will determine the sustainability of this growth trajectory.