Despite a recent 8% weekly price dip, the Hyperliquid ecosystem and its HYPE token are demonstrating significant underlying strength. Data shows Hyperliquid attracted roughly $12 billion in inflows over three months, nearly matching Ethereum and placing it among the top capital destinations. Furthermore, while major chains like Ethereum and Solana saw TVL declines, Hyperliquid’s total value locked grew by 9% to over $2.3 billion, making it the only top-10 network with positive growth.
Hyperliquid has emerged as a major capital hub, with recent inflow data placing it in the top tier of cryptocurrency ecosystems. Over the past three months, Arbitrum led with around $16 billion, followed by Ethereum and Hyperliquid each at roughly $12 billion, as the gap was surprisingly small.
While most major chains recorded double-digit declines in total value locked (TVL), Hyperliquid’s TVL grew by approximately 9%. This growth, highlighted in comparative analysis, pushed its TVL above $2.3 billion.
The native token, HYPE, saw its price move within a tight range with a neutral RSI, indicating a lack of decisive momentum. However, derivatives metrics told a stronger story, with open interest holding steady at about $1.12 billion and funding rates turning positive.
At the time of reporting, HYPE’s price was still up roughly 25% year-to-date. This performance positions it as one of the surprise performers in the market so far this year.
