Hyperliquid Consolidates Near $47 as Daily Fees Hold Around $3 Million and Staking Climbs

Analysts are watching a clean break above $49 to confirm momentum toward the mid‑$50s.

Overview

HYPE trades around $47.12 with a market cap near $12.7 billion and roughly $540 million in 24‑hour volume.
The exchange continues to generate about $3 million in daily fees despite recent competitive pressure from Aster.
On‑chain data show more than 660,000 HYPE staked, with buybacks helping reduce circulating supply.
Hyperliquid’s volume share has fallen to roughly 8%, yet it reportedly holds about 62% of perp DEX open interest.
Expansion efforts include the HyperEVM network with 100+ protocols and about $2 billion TVL, plus USDH described as backed by reserves at BlackRock and Superstate, with community speculation about unconfirmed mechanisms that could lift fees toward $10 million daily.