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Hyperliquid News Today: Hyperliquid's $1 Billion IPO: Driving Expansion or Increasing Market Instability?

Hyperliquid News Today: Hyperliquid's $1 Billion IPO: Driving Expansion or Increasing Market Instability?

Bitget-RWA2025/10/31 15:14
By: Bitget-RWA
- Hyperliquid (HYPE) generated $100M+ revenue in 30 days, filing a $1B IPO to fund expansion and Nasdaq listing plans. - Ecosystem integrations like Bitget Wallet's HyperEVM access $5B DEX market, while institutional deposits signal bullish sentiment. - Despite $50 price stall and declining fees, $2.17B HYPE futures open interest shows sustained institutional demand. - DeFi's $10B 2025 H1 revenue growth highlights Hyperliquid's 35% perpetual trading fee share amid rising regulatory focus.

Hyperliquid (HYPE) has distinguished itself within the decentralized finance (DeFi) industry, generating over $100 million in revenue over the last month, as highlighted in an

. This milestone highlights the platform’s swift expansion and growing trust among institutions, fueled by deliberate growth strategies, solid token economics, and integration across its ecosystem. The exchange, which features a high-speed decentralized trading platform, has submitted an S-1 registration to the U.S. Securities and Exchange Commission (SEC) seeking to raise as much as $1 billion through a public offering, according to a . The capital will be used to fund business operations, accumulate HYPE tokens, and support broader market growth, in line with the company’s goal to list on Nasdaq after merging with Sonnet BioTherapeutics and Rorschach I LLC, as reported by .

Hyperliquid’s expansion is supported by a strong financial foundation, including 12.6 million HYPE tokens and $305 million in cash, TheCoinrise noted. The leadership of former Barclays CEO Bob Diamond and CEO David Schamis has further strengthened market confidence, while the platform’s buyback initiative—repurchasing over 21.3 million HYPE tokens in 2025—shows a dedication to shareholder interests, TheCoinrise also reported. Blockchain transaction fees have soared by 1,600% year-over-year, indicating a surge in on-chain activity and reinforcing Hyperliquid’s status as a center for institutional liquidity, according to the same source.

Hyperliquid News Today: Hyperliquid's $1 Billion IPO: Driving Expansion or Increasing Market Instability? image 0

Recent advancements have broadened Hyperliquid’s ecosystem. Bitget Wallet’s adoption of HyperEVM, Hyperliquid’s Ethereum-compatible smart contract layer, has opened up a $5 billion decentralized exchange (DEX) ecosystem to 80 million users, according to a

. This integration enables smooth cross-chain transfers, interaction with DeFi applications, and expanded uses for the HYPE token, further establishing Hyperliquid as a foundational infrastructure provider, as covered by The Block. At the same time, well-known trader Machi Big Brother deposited 220,000 into Hyperliquid and increased long positions in both HYPE and ETH, reflecting positive sentiment from major market players, according to a .

Despite its strong momentum, HYPE’s price has encountered short-term resistance. The token failed to break above $50 in late October as the Relative Strength Index (RSI) showed declining buying momentum, FXStreet observed. On-chain metrics indicated that weekly fees and revenue fell to $11.84 million and $10.63 million, respectively, down from early October highs, FXStreet added. Nevertheless, derivatives trading remains active, with open interest in HYPE futures climbing to $2.17 billion—a 9.11% increase in just 24 hours—signaling ongoing interest from both retail and institutional traders.

The overall DeFi sector is also progressing, with on-chain revenue approaching $10 billion in the first half of 2025, according to a

. DeFi platforms now contribute 63% of all on-chain fees, led by decentralized exchanges, lending services, and derivatives markets, as found by a . Hyperliquid’s share of 35% in perpetual trading fees highlights its significant role in this expansion, BeInCrypto noted. As DeFi matures, protocols like Hyperliquid are increasingly assessed based on their ability to generate fees rather than speculative token price movements, drawing more institutional investment and regulatory attention, FinanceFeeds reported.

Through strategic initiatives and ecosystem partnerships, Hyperliquid is positioned to benefit from the growing DeFi market. With plans for a $1 billion fundraising, a potential Nasdaq listing, and increasing institutional engagement, the platform is set to maintain its growth trajectory. However, technical hurdles and market fluctuations will continue to be important factors for investors as the token approaches key resistance points and broader economic shifts.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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