Hyperliquid has topped the seven-day blockchain revenue ranking, outperforming established networks such as Tron, Ethereum, and Solana. According to Hyperliquid Daily, the trading-focused platform generated $1.4 million in revenue, more than 2.5 times Tron’s total. Meanwhile, crypto analyst Michael van de Poppe sees a potentially bullish setup for the HYPE price, with a recovery toward $110–$120 possible if Bitcoin establishes a market bottom. The outlook depends on broader market conditions and whether HYPE can hold its recent lows.
Hyperliquid Outpaces Major Blockchains in Weekly Revenue
Hyperliquid ranked first among the listed blockchain networks by seven-day revenue, according to Hyperliquid Daily. The platform generated $1.4 million, compared with $553,500 for Tron. Polygon followed with $86,400, while Ethereum recorded $54,740. BNB Chain generated $54,140, and Base posted $52,650. Solana recorded $34,300 during the same period.
Source: Hyperliquid Daily’s X Post
The figures highlight Hyperliquid’s ability to generate substantial revenue despite entering the market later than several established ecosystems. Its focus on decentralized perpetual futures trading distinguishes it from networks supporting payments, stablecoins, and decentralized finance. However, weekly rankings can fluctuate with market conditions and do not establish long-term revenue leadership.
Also Read: Hyperliquid Burns $1.75M in HYPE as HYPE Price Targets $94 Rally
Hyperliquid’s Trading Activity Draws Market Attention
Hyperliquid’s revenue performance highlights its position in decentralized derivatives trading, where users trade perpetual futures on-chain. Trading demand contributes to platform activity, making revenue a useful metric for comparing its performance with competing networks.
However, revenue is not the only factor that can confirm higher demand for the token or price growth. Volume of trades, open interest, token mechanism, and other elements of liquidity can be taken into account. The activity on the platform may help build a stronger ecosystem for Hyperliquid, but the correlation between income and price is more complicated than that.
HYPE Price Tests a Key Area Below $75
Crypto analyst Michael van de Poppe spotted a possible positive technical formation in HYPE by drawing comparisons between HYPE’s present price movement and its August move. The analyst says that HYPE has made a recovery after sweeping a low previously, and such a move is possibly underway below the $75 level.
A liquidity sweep is formed when price drops to a level below a prior low with the potential for price reversal. If the HYPE price manages its current lows and witnesses buying activity, the structure may lead to a recovery move. However, the setup needs confirmation from price action that confirms reversal.
Michael van de Poppe Identifies HYPE Price Targets
However, according to Van de Poppe, if there is indeed a recovery back towards $110-$120 in the months ahead, this will be due to BTC forming a bottom in the market and HYPE repeating its past performance. This forecast is contingent on HYPE retaining its present form and positive sentiment prevailing in the market environment.
Source: Michael van de Poppe’s X Post
The negatives of the setup include that the trader is looking at levels lower than $68, even down at $60, depending on whether the trade setup breaks down. Such levels are conditional trades and not necessarily levels of support. Data such as current spot prices and indicators like RSI/MACD could help analyze the technical picture.
What Comes Next for HYPE?
The sustainability of Bitcoin’s bottom is a crucial factor for van de Poppe’s views. Any improvement in the overall market conditions may have a positive effect on altcoins and help HYPE to reach higher prices. However, sustained selling pressure may undermine the token’s fundamentals regardless of good results at Hyperliquid.
Investors can also keep track of weekly revenue numbers to see if Hyperliquid is still leading. This will serve as another indication of demand for the platform’s ecosystem, even though it will not necessarily mean increased prices for the tokens.
Also Read: Hyperliquid Ranks First in Grayscale’s Tokenholder Yield as HYPE Price Eyes Rally
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