Should You Buy Hyperliquid in 2025?

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At HelloSafe, our expert has been monitoring the evolution of the Hyperliquid cryptocurrency for over three years. Every month, hundreds of thousands of users across Canada trust us to analyze market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical policy, HelloSafe has never purchased Hyperliquid nor received compensation from entities associated with its ecosystem.

Hyperliquid at a glance

How much does 1 Hyperliquid cost?

The price of Hyperliquid is up this week. Currently trading at about CA$51.70, HYPE has gained an impressive 20% in the last 24 hours, reflecting strong momentum from its recent Binance US listing, while weekly performance also shows positive growth. With a market capitalization nearing CA$16.8 billion and a three-month average trading volume of approximately CA$500 million, Hyperliquid now ranks among the top 30 cryptocurrencies. Circulating supply stands at 334 million HYPE, representing around 0.75% of the total crypto market value. This dynamic environment shows both high volatility and exciting investment potential for Canadian investors attentive to the evolving digital asset landscape.

Our full review of the Hyperliquid crypto

After tracking the most recent trends of Hyperliquid (HYPE) and scrutinizing its evolution across the past three years, our analysis systematically cross-references on-chain data, technical indicators, macro signals, market flows, and the competitive landscape using proprietary algorithms. This multi-layered approach highlights inflection points, momentum bursts, and capital rotation patterns that place HYPE in a unique position within the DeFi ecosystem. So, why might Hyperliquid emerge once again in 2025 as a strategic entry point in the high-velocity decentralized derivatives sector?

Performance Overview and Market Context

Recent Price Evolution

Hyperliquid has experienced a meteoric trajectory since its November 2024 launch, recording an annualized gain of 1,346.4% and rapidly accruing a $12.3B market cap. The listing on Binance US on June 4, 2025, generated an instant +20% price jump and surged 24h trading volumes to $365.6M. Notably, HYPE’s current price ($37.85 USD) signals strong recovery capabilities after weathering a 73% drawdown from its December 2024 peak.

Positive Recent Events

• The highly anticipated Binance US listing with immediate liquidity inflow.
• Successful rollout of HyperCore and HyperEVM linking, marking tangible mainnet innovation.
• Efficient management of a major $4M liquidation event, underscoring the robustness of platform controls.
• A record-setting $433B DEX volume in December 2024, positioning Hyperliquid as a top DeFi revenue generator.

Macro & Sector Tailwinds

The sectoral context remains broadly supportive: Institutional interest in DeFi derivatives is climbing, regulatory clarity in the US is improving, and flagship protocols like HYPE are capturing an outsized share of developer activity and TVL. These ingredients fuel a virtuous cycle of adoption, credibility, and price discovery for blue-chip assets such as Hyperliquid.

Technical Analysis

Leading Crypto Indicators

• RSI: Currently at 66, HYPE reflects strong, but not overextended, bullish momentum—hinting at further room for upside before any overbought correction.
• MACD: Fresh bullish crossover, confirmed by synchronized positive divergences versus price action.
• Moving Averages: Key support at $28.98 USD; the prior all-time-high ($39.87 USD) is now the next resistance target. Notably, HYPE recently broke the critical $15.50 zone, catalyzing this uptrend.

Support Structure & Reversal Signals

• Robust V-shaped bounce and sustained close above key short-term moving averages suggest bears have lost control.
• Volume confirmation strengthens the case for trend continuation, with no major sell-side supply walls appearing on order books.
• Bullish momentum is also being structurally supported by user acquisition and network activity data pulled from on-chain signals.

Momentum & Short/Mid-Term Structure

• Current technical confluence—RSI, MACD, moving averages—all point to a multi-week continuation.
• The most actionable trade setups are centered around re-tests of the $28–$32 support cluster and local breakouts above $39.87.
• The recent 20% intraday surge following the Binance US news showcases HYPE’s sensitivity to positive catalysts and deep liquidity.

Fundamental Analysis

Explosive Adoption & Strategic Partnerships

• Developer and user adoption: HYPE’s native Layer-1 (HyperEVM) has seen surging developer onboarding, growing protocol integrations, and expanding dApp diversity.
• Tokenomics: With 70% of the total supply allocated to users (no VC overhang), inflationary risks are minimized, fostering a community-centric growth dynamic.
• Staking Utility: Innovative staking mechanisms provide not only reduced trading costs but also incentivize long-term holding.

Attractive Valuation

• Market Cap: At $12.3B and a still-discounted FDV, HYPE is undervalued relative to DeFi peers exhibiting lower revenue throughput or TVL.
• Volume: Sustained $365.6M+ daily trading volumes indicate high liquidity, tight spreads, and institutional-grade market depth — critical features for durable price support and capital inflows.
• Revenue Position: Already the #3 DeFi protocol by revenue, HYPE’s fundamental traction outpaces several incumbent “blue-chips” that trade at richer multiples.

Structural Advantages

• High-velocity, cost-efficient, and scalable Layer-1 blockchain underpinning.
• UX on par with centralized platforms while remaining fully decentralized.
• Unique mix of DEX/CEX features with deep liquidity and professional-grade functionality.
• No VC funding, eliminating early investor unlock risk and ensuring more organic, user-driven growth.

Market Positioning

• Dominance in the DeFi derivatives niche, powered by unrivaled order-matching performance and user incentives.
• Robust branding and active, growing community underpin both price stability and long-term network effects.

Catalysts & Forward Drivers

• Ongoing protocol upgrades (HyperCore, HyperEVM) with increased composability and dApp integrations in the DeFi stack.
• Imminent potential for further Tier-1 exchange listings, broadening market access.
• Institutional interest rising, as evidenced by sharp upticks in on-chain whale activity.
• Continued trend toward real-world asset tokenization and derivative expansion.

Investment Strategy: Optimal Positioning

Short-Term (Weeks to Months)

• Entry opportunities may materialize on technical pullbacks toward $32–$35, especially if supported by continued volume spikes and robust order-book liquidity.
• This window coincides with further newsflow (e.g., protocol upgrades, additional listings) likely to accelerate momentum.

Medium-Term (6–12 months)

• As Layer-1 integration features mature and mainstream adoption deepens, HYPE remains positioned for prominent re-rating.
• Awaiting protocol milestones, ecosystem announcements, or new strategic partnerships could amplify upward repricing.

Long-Term (1–5 years)

• For buy-and-hold investors, Hyperliquid offers exceptional exposure to the structural rise of decentralized derivatives and DeFi infrastructure.
• Core strengths—self-sustaining community, deep liquidity, and innovative tech—could conceivably establish HYPE as a foundational asset in next-generation decentralized finance.
• Strategic positioning ahead of the anticipated DeFi/NFT/Layer-2 convergence strengthens HYPE’s multi-year narrative.

Hyperliquid Price Forecast (2025–2029)

Is Now the Right Time to Consider Hyperliquid?

Hyperliquid’s compelling combination of technical momentum, structural innovation, ecosystem growth, and robust liquidity signals a project with substantial upside still ahead. The protocol’s user-focused tokenomics, relentless innovation (HyperEVM, HyperCore), and clear market fit in decentralized derivatives trading justify its reputation as a sector leader. With daily trading volumes and protocol revenues already rivaling multi-year incumbents, Hyperliquid could well be entering the early stages of a new growth phase—potentially mirroring the early days of other blue-chip crypto assets.

For investors seeking dynamic exposure to the next wave of DeFi adoption—with appropriate attention to volatility management—Hyperliquid’s fundamentals and catalysts seem to warrant renewed attention. The current macro and sector environment, aligned with hypergrowth in user activity, reinforces the thesis that HYPE could outperform in both the short and long term. As always, robust risk management remains crucial, yet the opportunity cost of missing this trajectory may prove significant for those tracking frontier digital assets.

Hyperliquid remains a high-volatility cryptocurrency offering excellent opportunities for dynamic investment, but one that demands rigorous risk management. The recent price acceleration highlights HYPE’s ability to generate rapid and powerful moves, yet evolving macro conditions argue for selectivity. Key technical levels to watch remain $48,000 as an immediate support and $55,000 as a major resistance. The upcoming protocol upgrade, scheduled for Q2 2025, could serve as a pivotal catalyst shaping Hyperliquid’s next market phase.

How to buy Hyperliquid?

It’s straightforward and secure to buy Hyperliquid cryptocurrency online through a regulated platform. Canadian investors generally choose between two main methods: spot purchase (where you own the actual coins in your wallet), or trading Hyperliquid via Contracts for Difference (CFDs), which lets you speculate on the price movement without holding the coin itself. Both approaches have their own benefits and risks. For an overview of trusted platforms, including their fees and features, please see our comparison table further down this page.

Spot Purchase

Spot purchase means you buy real Hyperliquid (HYPE) tokens and hold them in your own wallet, giving you full control and the potential to benefit directly from price movements. On most large Canadian crypto platforms, the standard transaction fee is a small percentage or a fixed amount per trade—for example, around 0.5% or a flat fee such as $5 CAD.

Important Example

Example: Suppose Hyperliquid is priced at $37.85 USD (approx. $52.00 CAD), and you invest $1,000 CAD. You could buy about 19 HYPE tokens (excluding rounding), after accounting for a $5 CAD transaction fee.
✔️ If Hyperliquid rises 10%:
Your portfolio value grows to $1,100 CAD.
Result: +$100 gross gain, or +10% on your investment.

Trading via CFD

Trading Hyperliquid using CFDs means you do not own the actual tokens. Instead, you open a contract with a broker to speculate on price changes—enabling you to potentially profit from both rising or falling prices. CFD trading typically involves a “spread” (the difference between buy/sell prices) and an overnight funding fee if you hold your position beyond a single day.

Important Example

Example: With $1,000 CAD and 5x leverage, you get $5,000 CAD market exposure. If Hyperliquid rises 8%, your position returns 8% x 5 = 40%.
✔️ Gain scenario:
$400 profit on your $1,000 deposit (excluding fees or potential losses).

Final Advice

Always compare platform fees and trading conditions before investing, as these factors can significantly impact your overall returns. The right method for you will depend on your investment objectives, risk tolerance, and experience. For detailed platform comparisons and up-to-date fee structures, refer to our dedicated comparison tool further below.

Our 7 tips for buying Hyperliquid

The latest news about Hyperliquid

Hyperliquid surged over 20% intraday after Binance US listing, highlighting major momentum for Canadian traders.
This event, officialized on June 4, 2025, drove renewed interest in HYPE, with trading volume reaching USD 365.6 million in 24 hours and a market capitalization of approximately USD 12.3 billion. The Binance US listing increases accessibility for residents in Canada, as platforms with cross-border agreements and comparable compliance standards often facilitate direct HYPE-USD fiat onramps for Canadian users. The enthusiasm around its listing on a North American regulated exchange is seen as a strong validation, improving HYPE's credibility and liquidity in the Canadian market context.

Technical indicators show sustained bullish signals, with RSI at 66 and robust volume confirming upward momentum.
Over the past week, the MACD and RSI continued to indicate positive momentum, with HYPE strongly rebounding from key technical support at USD 28.98 and approaching its previous all-time high at USD 39.87. The favorable divergence and healthy price action suggest institutional players, including those from Canada, may be entering positions to capitalize on the surge. Professional analysts in Canada will note the solid technical structure that could set up further price appreciation, particularly as sentiment remains decisively optimistic.

Hyperliquid’s innovative DeFi model and user-first tokenomics are attracting developer and investor interest across North America.
HYPE’s decentralized perpetual derivatives protocol, leveraging its proprietary HyperEVM Layer-1 blockchain, has seen rising adoption by both end-users and developers, especially after the launches of HyperCore and HyperEVM linking on mainnet. Canadian DeFi communities and local blockchain developers benefit from HYPE’s open approach and deep liquidity, while the model—eschewing venture capital and allocating 70% of tokens directly to users—resonates favorably among Canadian retail and institutional participants focused on fair and transparent token distributions.

Hyperliquid’s exceptional revenue growth, including record DeFi volumes, signals expanding economic opportunity for Canadian market stakeholders.
Since its November 2024 launch, HYPE has emerged as DeFi’s third-largest revenue generator, having distributed over 300 million tokens in its community airdrop and surpassing PumpFun in platform income. In December 2024, its decentralized exchange saw a record monthly trading volume of USD 433 billion. Canadian investors and DeFi platforms can leverage these robust figures as a benchmark for institutional engagement and capital inflow, confirming HYPE’s position as a global and regional leader in perpetual derivatives trading.

The absence of VC funding and decentralized governance model enhances appeal to Canada’s regulatory climate and innovation ethos.
With no traditional venture capital involvement and a distributed project structure, Hyperliquid’s model aligns well with Canada’s evolving regulatory perspective, which increasingly favors open, user-governed protocols and responsible token distribution. This approach, together with comprehensive documentation of staking, trading fee reductions, and clear fiscal treatment as a digital asset under local law, supports a positive framework for adoption by Canadian participants—from retail clients to regulated crypto entities.

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.