- Hyperliquid recorded an all-time high 24-hour trading volume of $22 billion today.
- Hyperliquid recorded ATH trading volumes two times in a row.
- HYPE token is trading at $22.8 and surged by over 6% in the last 24 hours.
Hyperliquid has gained attention across the industry with its innovative infrastructure and strong fundamentals. The Hyperliquid airdrop pushed its native HYPE token by 100% surge and remained one of the largest crypto airdrops. Even though the project received community backlash over decentralization issues, Hyperliquid went back on track to recording ATH values.
All-time highs two days in a row:
— Hyperliquid (@HyperliquidX) January 21, 2025
Hyperliquid reached >$22B in 24h volume pic.twitter.com/KSV0dvKmZm
As per the official announcement from Hyperliquid on X, the project recorded all-time high trading volumes two times in a row. Its $22 billion 24-hour trading volume broke the previous record of over $21 billion recorded yesterday. Yesterday, the project also reported ATH values of $4.7 billion in Open Interest and $9.5 million in 24-hour protocol revenue.
Hyperliquid Lists TRUMP and MELANIA Memecoin Perpetual Trading
The all-time high values in regards to Hyperliquid crypto project are recorded following the project announcement of TRUMP and MELANIA memecoin perpetual trading on the platform. While it allowed users to trade TRUMP with 3x leverage on Jan 18, the project onboarded MELANIA memecoin with 3x leverage yesterday.
The increased trading activity of the Trump memecoins have contributed largely to the record high trading volumes of Hyperliquid. However, Trump memecoins are witnessing heaving volatility and price declines at the press time. While TRUMP is down by 30%, MELANIA declined by over 55% today in the last 24 hours.
Meanwhile, Hyperliquid’s native HYPE token surged by over 6% today, in line with the all-time high trading volume. The HYPE token is currently trading at around $22.8, with a market cap of $7.62 billion, as per CoinMarketCap. When it received community feedback and criticism over validator decentralization, it had an adverse impact over HYPE token price earlier this month.
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