Hyperliquid (HYPE) has recently experienced a strong break in the market structure and signaled the rise. While the transaction volume and the number of new users on the decentralized stock market (Dex) increased, Hype Token lost 2.4 percent in the last 24 hours. Despite this decline, the expectation of long -term rise is still valid.
Change in Hype Token’s market structure
On January 30, the price of HYPE exceeded $ 23.74 and experienced a significant market structure. The price correction following this rise did not change the general ascension appearance.
Technical indicators, especially the relative power index (RSI), show that the market is still tending to rise. In addition, the fact that Hyperliquid continues to grow with its own layer-1 (L1) network shows that the ecosystem can enter a sustainable expansion process.
Hyperliquid is the leading position in the futures market
The data show that Hyperliquid is in the leading position in terms of transaction volume in the futures market. According to the information provided by Artemis, a total of 713.8 billion dollars of transaction volume was realized in the last 10 protocols in the last three months. 419.1 billion dollars of this volume, ie 59.6 percent of Hyperliquid was provided.
However, the total locked value on the platform (TVL) tends to decrease from mid -December. However, the increase in futures volume in this process shows that the interest of investor continues.
Increase in the number of users and market impact
Crypto analyst Miles Deutscher pointed out that the number of operations on Hyperliquid and the user base grows rapidly. This shows that the project captures a strong product-piyasa and has entered a wider adoption process.
There was a significant increase in the number of new users, especially in December. Considering that this trend continues in recent weeks, it seems possible that the demand for Hype Token will continue to increase. This can have a positive impact on the price in the medium and long term.
Future expectations for HYPE
Hyperliquid’s leadership in the futures market and the growing user base show that the potential of the project has not yet emerged. Looking at the current market structure, investor interest is expected to increase if the price movement gives a more significant rise signal.
Especially in the long run, the process volume of Hyperliquid and the growth in the number of users can help Hype Token gain value. However, the stability of the price and the improvement of market conditions will be critical for the sustainability of the rise.
