Should You Buy Hyperliquid in 2025?

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At HelloSafe, our expert has been closely monitoring the evolution of the Hyperliquid cryptocurrency for over three years. Every month, tens of thousands of users in New Zealand trust us to analyse market trends and identify the best investment opportunities. Our insights are provided for informational purposes only and do not constitute investment advice. In line 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?

The price of Hyperliquid is up this week. As of today, Hyperliquid (HYPE) is trading at NZ$56.48, with a 24-hour increase of +1.4% and a +6.8% rise over the past week. The current market capitalisation stands at NZ$18.88 billion, with a 3-month average daily trading volume of approximately NZ$384 million. Ranked #10 among cryptocurrencies by market cap, there are 333.93 million HYPE in circulation, representing a market dominance of 0.67%. While recent performance has been strong, the notable volatility highlights both risks and exciting opportunities for investors in New Zealand.

Our comprehensive review of the Hyperliquid cryptocurrency

Is Hyperliquid poised to redefine the competitive landscape of decentralised exchanges and unlock a new phase of DeFi growth? Having analysed Hyperliquid’s latest trends alongside its three-year evolution, we have leveraged robust on-chain indicators, technical signals, real-time market data and a proprietary comparative model of the DEX ecosystem. So, why could Hyperliquid become once again a strategic entry point for DeFi and on-chain derivatives in 2025?

Recent Performance & Market Context

Recent Price Evolution

Hyperliquid (HYPE) launched in late 2024 and quickly positioned itself among the fastest-rising Layer 1 assets. As of June 2025, its spot price stands at $34.12 USD, up 6.8% over the week and a staggering 794% from its historical bottom in late December 2024. The token hit an all-time high of $39.68 on 26 May 2025, retracing slightly in the weeks since amid consolidation.

Notably, HYPE’s trading volumes are exceptional for a token of its age and market cap. With a daily average volume of $231.4M, Hyperliquid rivals many legacy DeFi assets, reinforcing the strong secondary market demand and liquidity depth that institutional and retail traders alike prioritize.

Positive Catalysts in Recent Months

• A $3.98M acquisition by a long-dormant “whale” wallet signalled renewed large-player confidence in June 2025.
• Hyperliquid set a new record for perpetuals trading volume ($248B in May 2025), ranking it as the most profitable blockchain that month.
• Announced in Q3 2025, an upcoming protocol upgrade will integrate advanced DeFi features and robust cross-chain compatibility, opening up network effects.

Combined, these elements foster not only strong liquidity and community positioning, but also a narrative of credible growth and institutional adoption.

Macro & Sector Backdrop: A Favourable DeFi Environment

DeFi is showing signs of a structural upturn, with TVL for the sector projected to surpass $500B by Q4 2025. The increased regulatory clarity for decentralised exchanges in the US and Asia, plus user migration from centralised venues, is further galvanising flows into high-throughput DEXes like Hyperliquid. Reduced network congestion, ultra-low fees and rapid settlement times are increasingly non-negotiable features – precisely the areas Hyperliquid’s Layer 1 architecture addresses.

Technical Analysis

Key Crypto Indicators

• RSI (14d): 55, indicating a neutral zone with no sign of severe overbought or oversold conditions.
• MACD: Approaching a bearish cross below the signal line, typically a short-term caution signal; yet within a broad uptrend, often a technical market “reset” before further upside.
• Moving Averages:
• Price holds above all major moving averages: MA20 ($32-$34), MA50 ($30-$32), MA100 ($28-$30), MA200 ($25-$27)
• These offer layered structural supports, suggesting a robust underpinning even amid volatility.

Support & Resistance

• Immediate support: $31.5, with a backup at $30.0 – both demonstrated strong historical buying zones in recent retracements.
• Key resistances: Minor at $37.2, major at $39.7, constituting breakout levels should bullish sentiment resurge.

Price Structure and Momentum

• While a “Head & Shoulders” pattern has appeared, this has so far resulted in only modest correction, with price stability suggesting a strong underlying bid.
• Current consolidation above major averages indicates buyers are defending territory and that renewed impulsive moves could develop in the short to medium term.

Short/Mid-term Outlook

The 6-month surge (+794%) invites prudence regarding parabolic moves, but high volume and support retests indicate healthy distribution – a scenario in which disciplined accumulation strategies tend to be effective.

Fundamental Analysis

Adoption, Partnerships & Ecosystem Development

• Hyperliquid’s trajectory has been turbocharged by its technical achievements: The only fully on-chain L1 DEX with a transparent, order-book matching engine.
• The team, comprised of alumni from Harvard, Caltech, and MIT, provides rare credibility in the DeFi space.
• May 2025 saw HYPE post a monthly profit of $72.3M, surpassing many direct competitors and confirming its operational efficiency.
• The just-launched $50M ecosystem fund signifies proactive network and project expansion, attracting independent builders and furthering long-term value.

Attractive Relative Valuation

• Market Cap: $11.39B; TVL: $576M; Market Cap/TVL Ratio: ~19.8. While elevated, such ratios are not unprecedented in early-stage, high-growth DeFi, especially for market narrative leaders.
• The absence of an inflationary reward structure and transparent tokenomics anchor investor trust.
• No dividend, but platform profits directly incentivise ongoing protocol use, supporting demand for the token.

Technology Differentiators & Community Strength

• Hyperliquid’s proprietary HyperBFT consensus and 100,000 order/sec execution establish an unmatched throughput.
• Elimination of gas fees on perpetuals and latency under 1 second cut friction, vital for institutions and high-frequency traders.
• Self-funded roadmap ensures strategic independence – a rare feat among top DeFi protocols.
• A vibrant, globally distributed user base and robust DAO governance indicate durable engagement.

Volume and Liquidity

• Sustained $200M+ daily volume is proof of market conviction and healthy turnover, reducing slippage even during volatile sessions.
• Dominance in decentralised perpetuals, with substantial orderbook depth, positions HYPE near the summit of exchange tokens by capitalisation.

Positive Catalysts & Outlook

Key Upcoming Catalysts

• Q3 2025 Protocol Upgrade: Enhanced DeFi, cross-chain support, and performance boosts forecast new user inflows and increased protocol utility.
• $50M Ecosystem Fund: Accelerates innovation, project onboarding, and community-led development – a driver of hyper-growth scenarios across prior cycles.
• Perpetuals Trading Expansion: Continued leadership in throughput and efficiency further differentiates HYPE from Uniswap and AAVE.
• Institutional Adoption: As execution quality and compliance frameworks mature, HYPE could become the reference DEX for institutional derivatives strategies.

Macro Catalysts

• Favourable regulatory trends in the US and APAC strengthen the use case for high-performance DEXes.
• All-time-high DeFi TVLs and user migrations from centralised exchanges reinforce the potential for an aggressive market share capture by platforms like Hyperliquid.

Investment Strategies by Horizon

Short-term (Weeks to 3 Months)

• Entry on Pullbacks: Recent consolidation near $31.5-34.0 support levels appeals to tactical traders. Historically, such bases precede swift rebounds on positive catalyst news.
• Volatility Exploitation: Given the liquidity and volume, short-term traders may find opportunity in swing moves around technical inflection points—particularly ahead of the protocol upgrade.

Medium-term (6–18 Months)

• Accumulation Pre-Upgrade: Positioning prior to Q3’s protocol upgrade could align with expected ecosystem fund disbursement and network growth, historically periods of structural rerating.
• Range Accumulation: Using DCA (Dollar Cost Averaging) within major support and resistance zones is validated by both the 6-month parabolic growth and the robust TVL influx.

Long-term (18+ Months)

• Strategic Holding: Hyperliquid’s Layer 1 innovation, profit metrics, and aggressively expanding ecosystem suggest that long-term participation could capture disproportionate value as DeFi matures.
• Portfolio Anchor: For investors betting on the decentralised derivatives and next-gen DEX segments, HYPE’s technical and economic architecture seem tailored for capital preservation and asymmetrical upside potential.

Price projections for Hyperliquid (HYPE)

Is Now the Right Time to Consider Hyperliquid?

In summing up, Hyperliquid’s compelling blend of macro tailwinds, Layer 1 technological innovation, and demonstrated financial traction paints a picture of true competitive advantage. Major recent events—from breakout trading volumes to strategic protocol upgrades—are coalescing just as DeFi returns to the institutional and retail spotlight. Depth of liquidity, team pedigree, and architectural edge set Hyperliquid apart as the dominant true on-chain exchange, ready for the next cycle’s capital flows.

The technical structure remains disciplined, with robust support at $31.5 and an upper pivot at $39.7, suggesting tightly risk-managed entry zones. The forthcoming Q3 2025 protocol upgrade stands out as a potential game-changer, historically a prime moment for value unlock and investor inflows.

While high volatility remains an inherent trait, Hyperliquid’s fundamentals strongly justify renewed interest. The convergence of structural demand, visible catalyst momentum, and clearly defined growth path means Hyperliquid could well be entering a new, powerful bullish phase – an opportunity that merits serious consideration by investors seeking exposure to the next wave of DeFi innovation.

How to buy Hyperliquid?

It’s easy and secure to buy the cryptocurrency Hyperliquid (HYPE) online using a regulated platform, even if you’re based in New Zealand. Generally, investors have two main choices: you can either buy Hyperliquid directly (spot purchasing), which gives you real ownership of the coins, or trade price movements via crypto CFDs (Contracts for Difference), without owning the tokens themselves. Each method has its own risks and advantages. To help you choose the best platform, you’ll find a comparative review of the main marketplaces further down this page.

Spot Buying (Direct Ownership)

Spot buying means purchasing actual Hyperliquid tokens, which are then held in a digital wallet you own. With this method, you fully control your investment and can transfer, hold, or sell your tokens at any time. Most NZ-friendly exchanges charge a fixed commission per transaction, typically ranging from 0.1% to 1%, plus sometimes a small flat fee in NZD.

Example

Suppose Hyperliquid (HYPE) is trading at $34.12 USD (around $55 NZD) per coin. If you invest $1,000 NZD (approx. $610 USD), you can buy about 18 HYPE coins (not accounting for small price fluctuations), with transaction fees around $5 NZD.

Gain scenario

If the price of Hyperliquid rises by 10%, your portfolio increases from $1,000 NZD to $1,100 NZD. Result: a $100 NZD gross gain, or +10% on your investment.

Trading via CFD

Trading Hyperliquid via CFDs means speculating on price movements without actually owning the coins. This method is popular for those looking to profit from both rising and falling markets. Fees for CFDs typically include a spread (the difference between the buy and sell price) and overnight funding charges if you keep positions open beyond a day.

Example

Let’s say you open a CFD position on Hyperliquid with $1,000 NZD and use 5x leverage. You gain exposure worth $5,000 NZD on the crypto market.

Gain scenario

If Hyperliquid climbs 8%, your leveraged position returns 8% × 5 = 40%. Result: a $400 NZD profit on your initial $1,000 NZD (excluding fees).

Key Considerations Before You Invest

Always compare the fees, security, and features of different platforms before making any investment. Your choice between outright purchase and CFD trading should align with your risk appetite, investing experience, and financial goals. For detailed comparisons, see our platform guide further down this page. Remember, cryptocurrencies are volatile—invest only what you can afford to lose.

Our 7 tips for buying Hyperliquid

The latest news on Hyperliquid

Hyperliquid continues its strong momentum with a 6.8% weekly gain and record platform profitability. The HYPE token is up 6.8% over the past seven days, reaching $34.12 USD and demonstrating robust trading activity, with an average 24h volume surpassing $231 million. May’s monthly profit topped $72.3 million—more than any other blockchain—and the platform set a historical high trading perpetuals volume of $248 billion for the month. This ongoing growth reinforces Hyperliquid’s reputation for profit leadership and high throughput, trends of particular interest to professional investors and New Zealand residents seeking exposure to high-performing DeFi assets in global portfolios.

Hyperliquid’s technical resilience is underscored by strong support levels and major whale accumulation activity in June. Despite signals such as a potential bearish head-and-shoulders pattern and a neutral RSI of 55, the token maintains firm supports at $31.5 and $30.0, bolstering confidence against short-term volatility. Furthermore, the on-chain market was buoyed this week by a notable $3.98 million HYPE purchase by a previously inactive whale, demonstrating renewed large-holder conviction and signaling constructive sentiment that may influence institutional and sophisticated retail investors, including those in New Zealand markets.

Upcoming protocol upgrade and enhanced DeFi integrations in Q3 2025 are set to catalyze further adoption. Hyperliquid recently announced a major Q3 upgrade—with improved cross-chain compatibility and DeFi functionality—that positions the project to capture a larger share of the rapidly growing DeFi market, projected to surpass $500 billion in TVL by year-end. This technical roadmap, coupled with Hyperliquid’s unique fully on-chain order book and sub-one-second latency, is likely to attract international developers and ecosystem partners, with tangible potential benefits for the NZ cryptofinance sector.

Ecosystem expansion accelerates through a newly-launched $50 million funding initiative for projects on HYPE. In 2025, Hyperliquid launched a $50M ecosystem fund tailored to incentivize growth and innovation within its Layer 1 blockchain, providing direct support for new DeFi applications. This international initiative is particularly relevant to innovation-driven markets like New Zealand, whose blockchain developers and startups can leverage these resources to participate in an advanced, fee-efficient on-chain ecosystem, further integrating NZ into global crypto capital flows.

Hyperliquid remains accessible to New Zealand residents via leading global exchanges, fitting within local regulatory and tax frameworks. While Hyperliquid is not directly listed on New Zealand-based exchanges, its presence on platforms like KuCoin and Bitget ensures accessibility for NZ investors. The token does not generate traditional dividends but falls under New Zealand’s capital gains tax regime for cryptocurrencies, aligning with standard local practices and enabling streamlined compliance for institutional and individual actors considering portfolio diversification or direct ecosystem participation.

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.