HYPE swims against the current.
By Maxime Laurent · 2026-02-05 09:12
HYPE swims against the current.
While the market bleeds, $HYPE is up 28% monthly and Hyperliquid just crossed $1B in total fees.
I’ll be honest, this is the kind of signal I respect. While most charts look like wet towels, the token of Hyperliquid is quietly doing its thing. +28% over the last month, no fireworks, just steady repricing driven by usage.
And the usage is real. The protocol just passed $1 billion in cumulative fees. That’s not narrative-driven volume, that’s traders paying, again and again, to use the product. In a market like this, fees matter more than followers.
We’ve seen Hyperliquid dominate perps traffic, absorb liquidations, experiment with macro assets, and now the token finally reflects that traction. When everything else is de-risking, capital sticks to what actually works.
This doesn’t mean HYPE is immune. Nothing is. But relative strength during capitulation phases? That’s how future leaders usually introduce themselves. Calme, efficace. 😎
#crypto #hyperliquid #hype #defi #onchain #trading #fees #markets
While the market bleeds, $HYPE is up 28% monthly and Hyperliquid just crossed $1B in total fees.
I’ll be honest, this is the kind of signal I respect. While most charts look like wet towels, the token of Hyperliquid is quietly doing its thing. +28% over the last month, no fireworks, just steady repricing driven by usage.
And the usage is real. The protocol just passed $1 billion in cumulative fees. That’s not narrative-driven volume, that’s traders paying, again and again, to use the product. In a market like this, fees matter more than followers.
We’ve seen Hyperliquid dominate perps traffic, absorb liquidations, experiment with macro assets, and now the token finally reflects that traction. When everything else is de-risking, capital sticks to what actually works.
This doesn’t mean HYPE is immune. Nothing is. But relative strength during capitulation phases? That’s how future leaders usually introduce themselves. Calme, efficace. 😎
#crypto #hyperliquid #hype #defi #onchain #trading #fees #markets
Disclaimer: This content is for informational purposes only and not financial advice.