- The hyperliquidal reached $ 248 billion in May in May, up 51.5% per month.
- Growth from year to year reached 843%, compared to $ 26.3 billion last May.
The hyperliquid native token token is negotiated at $ 34.78 after briefly touched $ 34.94. He won 1.77% in the last 24 hours. The market capitalization reached $ 11.61 billion, with an offer circulating at 333.92 million tokens. Trading volume crowded 59.4% to $ 159.21 million, which increases the volume / market ceiling ratio to 1.38%.
Despite a modest price movement, the long-term platform on the hyperliquidal chain reached a record perpetual volume of 248 billion dollars in May. This marks a leap of 51.5% compared to the 187.5 billion dollars in April and an increase of 843% in annual shift. Barely 12 months ago, the volume amounted to $ 26.3 billion.
The push occurred during what the traders nicknamed the “frenzy of James Wynn”. Wynn, a high -level pseudonym trader, lost $ 100 million after a 40x -effect Bitcoin position worth 1.25 billion dollars was liquidated after a sudden drop in the BTC.
The market decision followed a tweet by former American president Donald Trump, triggering the collapse of Wynn. Its history, which began with a PEPE Bet bet of $ 7,000 to 25 million, has become a edifying story in the crypto circles.
Hype stands in the midst of Dex growth
The growing presence of hyperliquid now competes in centralized giants. In May, its Perps volume reached 10.54% of binance, compared to 9.76% in April. The increase in the platform is fueled by its CEX type performance, its non-guardian architecture and a largely followed season 2 campaign.
In a broader context, decentralized perps platforms captured 6.84% of global long-term flows in May. Although just less from the record of 7.06% of February, it reflects a clear increase of less than 2% in 2022. Analysts expect Dex Perps to exceed the share of 10% before the end of the year.
Technically, the media is faced with resistance at $ 36.00 and a support at $ 32.00. RSI amounts to 59.64, below its average of 65.14, signaling the bleaching momentum. The CMF is flat at 0.00, showing that the capital flows are neutral. Without a strong volume on green candles, the increase can calm unless the bulls resume $ 36.
Mobile averages on the RSI chart Show a downstream crossroads at the end of May. This change coincided with the recent withdrawal of more than $ 38.00. No new crossing has yet been formed, signaling caution. Any fresh and bullish crossover could renew the upward traction.
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