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 Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In accordance with our ethical guidelines, HelloSafe has never purchased Hyperliquid nor received any compensation from entities associated with its ecosystem.

Hyperliquid in brief

How much does 1 Hyperliquid cost?

Hyperliquid price is up this week. Currently trading at approximately $51.80 AUD, HYPE has gained 2.5% over the last 24 hours, with a strong performance and more than 600% growth since launch.

Volatility remains elevated, offering both risks and unique opportunities for savvy investors in the Australian market.

Our comprehensive review of the Hyperliquid cryptocurrency

Have we truly measured the disruptive potential of Hyperliquid as it navigates a paradigm shift in DeFi protocol innovation? Analysing the latest trends and Hyperliquid’s price evolution since its headline-making debut, we’ve synthesized on-chain analytics, technical momentum, aggregated market data, and a cross-sectional benchmarking of its competitive landscape through proprietary algorithms. So, what could make Hyperliquid a compelling re-entry point for next-generation DeFi investors heading into 2025 and beyond?

Performance and Recent Market Context

Recent Price Evolution

Launched in late Q4 2024 at a modest $3.90, Hyperliquid (HYPE) has ascended spectacularly, currently trading at $34.42 as of June 8, 2025—over 600% appreciation in just six months. This meteoric ascent, fueled initially by the largest community-focused airdrop in crypto history, has seen the project secure the 11th spot by global crypto market capitalization, totalling $11.59 billion. Notably, trading volumes remain robust, averaging $156.78 million USD daily, reflecting deep liquidity and sustained market confidence.

Post-airdrop, HYPE’s price trajectory has demonstrated persistent strength amid sector-wide profit-taking, with 24-hour and weekly returns outperforming major DeFi benchmarks. The absence of traditional venture capital unlocks and an equitable distribution to over 94,000 early participants have dampened typical post-launch volatility, underlining a structurally healthy market for the token.

Positive Catalysts

What underpins this performance? Hyperliquid’s community-driven launch model and its pioneering Layer 1 DeFi architecture have resonated strongly with both retail and institutional actors. The initial total value locked (TVL) at $1.57 billion, coupled with rapidly expanding daily active addresses, showcases both on-chain momentum and real utility, not just speculative flows. Further, the tiered staking rewards structure and on-chain order book have differentiated HYPE in a saturated landscape.

The ongoing appetite for DeFi exposure, matched with a macroeconomic environment where institutional treasuries increasingly rotate into high-liquidity Layer 1s, has rendered Hyperliquid especially attractive. Major protocol upgrades, coupled with aggressive ecosystem expansion and partnerships, have further enlivened sentiment.

Sector and Macro Tailwinds

Broader tailwinds for HYPE include:

• Renewed bullishness across digital assets as regulatory clarity improves in major markets.
• The scaling of DeFi derivatives, with HYPE onboarding a new generation of institutional-grade features.
• Heightened TVL inflows reflective of “flight to quality” in Layer 1s with proven throughput and decentralization.

Technical Analysis

Momentum and Signal Indicators

• RSI (14-day): At 85.72, the Relative Strength Index signals heavily overbought conditions—a classic marker of strong bullish sentiment but also a potential prelude to technical pullbacks.
• MACD: Bearish divergence is emerging, indicating that while price momentum has been explosive, short-term caution is warranted for traders seeking optimal entry points.
• Moving Averages: 92.86% of tracked moving averages show “buy” signals, affirming the primary uptrend; price remains well above key 50- and 200-day averages.

Key Levels to Monitor

• Primary Support: $32.50, with a stronger floor at $28.98—these represent technically significant zones to monitor for repositioning after any minor correction.
• Resistance: Immediate cap at $35.03, with a major zone expected between $38.00–$40.00, and recent all-time high at $39.83.

Structure and Short/Mid-Term Outlook

While current price action suggests the risk of a technical retrace—possibly towards the $28.60 support—structural momentum, deep liquidity, and strong uptrend confirmation signal that any mean reversion could offer attractive secondary entry points. For medium-term investors, the consolidation phase following these gains historically precedes new leg-ups in DeFi leaders with similar profiles.

Fundamental Analysis

Ecosystem Growth and Adoption

Hyperliquid is reshaping expectations for DEX protocols with:

• Integrated Layer 1 Solution: Bringing superior speed and on-chain order book functionality, eliminating frontrunning seen in conventional AMMs.
• Highest-Ever Community Airdrop: Immediate and broad distribution to 94,000+ participants, creating a sticky user base with reputational buy-in.
• Decentralized Ownership: With 31% airdropped and nearly 39% earmarked for future incentives, Hyperliquid’s tokenomics put long-term ecosystem health at the forefront.
• Expanding DeFi Suite: Strategic integrations and derivative products have driven a sharp uptick in platform activity and new wallet creation.

Attractiveness of Valuation

• Market Cap and FDV: With a $11.59B market cap and Fully Diluted Valuation of $34.95B, HYPE remains competitive versus peers, especially factoring in its explosive adoption velocity.
• TVL Metrics: $1.57B locked is impressive for a six-month-old protocol, placing HYPE firmly among top 15 DeFi assets globally.
• Trading Volumes: Consistently high ($156.78M daily), with robust on-exchange liquidity and negligible slippage for large block trades.

Structural and Competitive Strengths

• No VC dependencies, which eliminates premature token unlocking events.
• Active and fast-growing community, amplifying social capital and grassroots development.
• Proven ability to iterate and scale, with plans for additional DeFi primitives, cross-chain integrations, and institutional onboarding.
• Deflationary mechanisms, including dynamic token burns, position HYPE as an appreciation-biased asset.

Liquidity and Positioning

• Deep daily liquidity enables genuine price discovery.
• High turnover and large market cap solidify its Tier 1 status on global exchanges.
• Within the DeFi sector, HYPE ranks by capitalization and engagement among the top performers, and is increasingly seen as a benchmark project for Layer 1 innovation.

Major Positive Catalysts

• Continuous roll-out of protocol upgrades (notably a Layer 1 throughput optimization slated for T2 2025) is set to elevate utility and addressable market.
• Major institutional integrations and fiat-onramp partnerships are reported in the pipeline.
• Growing regulatory tolerance for decentralised protocols, particularly those that champion compliance and transparency (which HYPE openly supports).
• Expansion of real-world asset (RWA) on-chain tokenization, for which HYPE’s infrastructure is well-placed.

Investment Strategies: Timing the Opportunity

Short-Term Horizon

For tactical traders, patience may be warranted to capitalise on any post-overbought retracement (watch for price action in the $28.60–$32.50 zone). Given the high momentum and underlying demand, technical rebounds in this corridor have previously acted as springboards for renewed bullish waves.

Medium-Term Horizon

Accumulating on consolidation phases, especially after protocol enhancements or during sectoral risk-off periods, offers a risk-managed approach. As the next round of staking and protocol integrations takes hold, a structural bid for HYPE appears to be building.

Long-Term Horizon

The case for holding HYPE over multiple years is anchored in its:

• Ongoing technical innovation and expanding suite of DeFi products.
• Community-owned governance, reducing risk of centralization-related shocks.
• Systematic capture of value via deflationary mechanisms.
• Deep pipeline of fundamental catalysts, positioning HYPE as a core Layer 1/DeFi holding for institutional and sophisticated retail portfolios.

Early entry, especially ahead of pivotal upgrades or mainstream partnerships, may afford outsized asymmetric upside for conviction investors.

Projected Hyperliquid Price Evolution (2025–2029)

Is it the Right Time to Consider Hyperliquid?

Hyperliquid continues to capture investor attention for several compelling reasons:

• Innovative, performance-focused Layer 1 technology, operating at the intersection of speed, security, and true decentralization.
• Exceptional token distribution model, with no VC overhang and broad-based community engagement.
• Accelerating fundamentals: rising TVL, growing ecosystem utility, consistent protocol improvements, and deflationary supply dynamics.
• Proven resilience and staying power, as evidenced by strong trading volumes, robust support levels, and sustained momentum.

The technical indicators suggest that while short-term corrections are possible, the broader investment case remains robust. With a strong probability of further upgrades and new use cases, Hyperliquid could well inaugurate a new bullish chapter in DeFi. For investors attuned to alpha-generating, fundamentally sound digital assets, the current stage of market development and technical structure seem to represent a particularly appealing entry scenario.

Hyperliquid remains a highly dynamic cryptocurrency asset offering pronounced upside potential, albeit with the volatility and risk management considerations inherent to this market segment. Its recent price acceleration underscores the asset's capacity for rapid, powerful upward moves—underscoring the importance of strategic positioning, especially as major protocol milestones approach in 2025. The key technical zones at $32.50 as immediate support and $35.00–$40.00 as near-term resistance warrant close monitoring. With the anticipated Layer 1 protocol upgrade set for Q2 2025, Hyperliquid could very well be poised for sustained outperformance in the evolving DeFi landscape.

How to buy Hyperliquid?

It’s easy and secure for Australians to buy the cryptocurrency Hyperliquid (HYPE) online through regulated platforms. Investors can choose between two main approaches: direct purchase (spot) to actually own HYPE tokens in a wallet, or trading via CFDs (Contracts for Difference), which lets you speculate on HYPE’s price movements without owning the tokens. Each method has its own advantages in terms of ownership, leverage, and fees. For detailed pros and cons, you’ll find a full comparison of trusted Aussie crypto platforms further down the page.

Spot Purchase: Owning Hyperliquid

Spot purchase means you buy and hold real Hyperliquid (HYPE) tokens, which are stored in your crypto wallet. This method gives you full ownership, so you can hold, transfer, or stake your coins as you wish. Typical fees for spot buying on Australian exchanges are a flat commission per transaction, often around AUD $5 for a standard-size order.

Concrete example

Suppose HYPE is priced at USD $34.42 per token (about AUD $52.20 at a rate of 1 USD ≈ 1.52 AUD). With a budget of AUD $1,000 and around AUD $5 in trading fees, you can purchase about 19 HYPE tokens:

• AUD $1,000 – $5 fee = AUD $995 net
• Number of tokens: $995 ÷ $52.20 ≈ 19 tokens

✔️ Gain scenario

If the price of HYPE increases by 10% (from AUD $52.20 to about AUD $57.42), your 19 tokens are now worth AUD $1,091. Result: a gross gain of AUD $91, or +9.1% on your original investment (excluding fees and tax).

Trading Hyperliquid via CFD

CFD trading allows you to speculate on HYPE’s price changes without actually owning the token. You open a position with a broker, benefiting from potential gains if the price moves in your favour—but you don’t get the real coins. Fees include the bid-ask spread (the cost built into the price difference) plus overnight financing charges if you keep positions open more than one day.

Example with leverage

Let’s say you trade AUD $1,000 on HYPE CFDs with 5:1 leverage. This means you control AUD $5,000 worth of HYPE price exposure.

• If HYPE rises by 8%, you gain 8% × 5 = 40% on your deposit.
• Profit: AUD $1,000 × 40% = AUD $400 (before fees).

Leverage amplifies gains but also raises risk: a small price drop can quickly result in losses.

Before You Invest: Compare Platforms and Your Goals

Always review and compare platform fees, trading conditions, and available support before investing in Hyperliquid. Both spot and CFD methods have their specific benefits—spot offers true ownership, while CFDs provide flexible trading and leverage (but with higher risk). The best approach depends on your goals, risk tolerance, and experience. For a detailed comparison of the leading regulated exchanges and brokers for Australians, see our platform overview below.

Our 7 tips for buying Hyperliquid

The latest news about Hyperliquid

Hyperliquid maintains a robust bullish trend, posting over 600% growth since launch and consolidating near all-time highs. The HYPE token, now trading at $34.42, has demonstrated extraordinary appreciation since its November 2024 debut at $3.90 and currently ranks #11 by market capitalisation globally. Trading volumes over the past week have remained strong, with a 24-hour volume of $156.78 million and continued high liquidity, reflecting ongoing market enthusiasm and deep participation. These metrics are particularly relevant for Australian investors, as both global market access and substantial liquidity support efficient executions across local exchanges that list HYPE.

The platform’s decentralised and community-focused governance, with no venture capital backing, distinguishes Hyperliquid in the competitive DeFi sector. The mass airdrop at launch distributed 31% of the total supply (over 310 million tokens) to more than 94,000 participants, making it highly relevant for grassroots adoption, including in Australia, where fair-launch models are increasingly favoured. This model, along with staking rewards and a tiered fee structure, aligns with the values of the regional DeFi community and appeals to local users keen to avoid the influence of large, external investors.

Technical signals remain strongly bullish, with 92.86% of moving average indicators positive, but short-term caution is warranted due to overbought conditions. Hyperliquid’s 14-day RSI stands at 85.72, marking overbought territory, supported by some bearish divergence signals on the MACD. While consolidation near all-time highs ($39.83) suggests healthy accumulation, a technical pullback towards primary support at $32.50 is conceivable. For professional traders and analysts in the Australian market, this presents a potential opportunity for strategic entry, particularly as the token remains well above key support zones.

Hyperliquid continues to pioneer in DeFi with its native Layer 1 blockchain and on-chain order book, driving high-speed, low-cost trading. The platform’s technology has resonated strongly within the Asia-Pacific region, including Australia, offering an appealing alternative to both centralised exchanges and other decentralised platforms. Its deflationary tokenomics and competitive performance edge have led to growing institutional interest in local investment circles, further fuelled by substantial total value locked ($1.57 billion) and regular enhancements to derivatives capabilities.

Hyperliquid’s availability on major exchanges, combined with staking incentives and a positive medium-term price outlook, strengthens its regional appeal. The token can be acquired through multiple global and APAC-focused crypto exchanges, supporting high accessibility for Australian investors and traders. With analyst targets projecting further upside ($44.75 short-term, $50.65 for 2025), current market sentiment in the region remains upbeat, and the platform’s community-driven, innovation-focused strategy is well aligned with ongoing trends in crypto adoption across Australia.

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.