Bitget Wallet’s integration with HyperEVM, the Ethereum-compatible smart contract layer powering the Hyperliquid Layer-1 blockchain, has ignited strong momentum across the DeFi sector.
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The update expands Bitget’s reach to over 80 million users, granting seamless access to Hyperliquid’s deep onchain liquidity, programmable finance features, and cross-chain transfers.
The move effectively transforms Bitget Wallet into a major gateway for $HYPE token utilities, staking, and governance.
With Hyperliquid’s Total Value Locked (TVL) now surpassing $5 billion, the Layer-1 network continues to attract institutional capital and DeFi builders, strengthening its status among top-performing decentralized platforms.
HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview
Hyperliquid (HYPE) Price Action: Bulls Eye a $50 Breakout
After a stunning 110% rebound since mid-October, Hyperliquid (HYPE) is trading around $47–$49, nearing its all-time high of $59. The bullish structure follows a breakout from a descending wedge pattern, supported by surging on-chain volume and staking rewards totaling over $90 million this month.
Technical indicators reveal a classic bull flag formation, with analysts projecting a breakout toward the $52–$55 zone if momentum holds above $48.
The Money Flow Index (MFI) remains elevated at 63, indicating continued inflows and sustained investor confidence. However, failure to clear resistance could trigger short-term retracement toward $44 support before the next leg up.
Buybacks and On-Chain Revenue Fuel Long-Term Strength
Beyond price action, Hyperliquid’s fundamentals remain strong. The project generated over $111 million in fees over the past 30 days, ranking third among all DeFi protocols by revenue.
Its new $644 million Assistance Fund Buyback program is reducing circulating supply, now 336 million HYPE, providing strong tokenomic support for long-term holders. Meanwhile, the HIP-3 upgrade, which allows new perpetual markets through staked HYPE, is drawing institutional builders and tokenized futures products.
With $1.5 trillion in cumulative trading volume and dominance in decentralized derivatives, Hyperliquid’s ecosystem continues to expand even amid growing competition from Binance-backed Aster.
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If bullish momentum persists and HyperEVM adoption accelerates, analysts suggest HYPE could reclaim $55 and test new highs above $60 in the coming weeks, cementing Hyperliquid’s reputation as one of DeFi’s most profitable and innovative ecosystems.
Cover image from ChatGPT, HYPEUSD chart from Tradingview
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