The Hyperliquid protocol holder has emerged at the top of the rankings, earning the most amount at $71.7 million in the last 30 days, as seen in data by Hyperliquid Daily. This puts the trading protocol ahead of Papertrade, Pump.fun, and other competing protocols. HYPE is trying to test an important technical resistance level following its fall from $97. The Hyperliquid revenue growth and important resistance level make it an interesting token for analysis in regard to stability and recovery attempts.
Hyperliquid Revenue Reaches $71.7 Million in 30 Days
According to Hyperliquid Daily, Hyperliquid earned the highest amount of revenue at $71.7 million for the most recent 30-day holder. Papertrade was second with $33.9 million, and Pump.fun came in third at $29.9 million.
TRON was fourth place with $23.9 million, with StonkFun fifth at $10.8 million and Uniswap sixth with $10.1 million. Pons had $8.1 million, Aerodrome had $7.9 million, Ethereum had $6.5 million, and Sky had $5.9 million.
Source: Hyperliquid Daily’s X Post
The total revenue of Hyperliquid exceeded that of Papertrade by more than two-fold and about 2.4 times that of Pump.fun. This discrepancy underscores the place of the protocol in the above-reported ranking despite the fact that total revenues do not determine token prices in the future.
The metric also needs to be put into perspective. Holder revenues cannot be assumed to be payouts directly to the token holders because it is all relative to how the data is provided and the means by which the protocol earns revenue. However, the figure serves as a good reference point in comparing Hyperliquid against competing protocols.
Also Read: Hyperliquid’s Explosive $1.1 Billion Revenue Triggers $54 Price Target
HYPE Price Faces a Critical Test After $97 Rejection
The technical test is imminent for HYPE after backing off the $97 price region. As per cryptocurrency analyst Binance Killers, the coin is trading at the $81.601 level amid a pullback from its rising trendline support at $79.500.
It is essential due to the fact that the area might either help in another attempt of recovery or in the further deterioration of the market situation for HYPE. Breaking above the trendline will allow buyers to make moves towards higher resistances.
But it should be noted that the rejection near $97 demonstrates the presence of some selling pressure on the token, which means that any recovery is only possible with the presence of buying activity.
Analyst Identifies $86–$88 as the Next Upside Zone
The Binance Killers team proposed two different scenarios for HYPE based on its present trendline pattern.
In the first one, where the price is still in an uptrend, if HYPE is able to hold at around $79.50, it could help it break out to the levels of $86-$88. For that to happen, buyers should be able to protect the trendline and build up sufficient momentum.
Source: BINANCE KILLERS’ X Post
The bearish scenario is dependent upon breaking down below rising support. In case the support fails, then the analyst identified $76-$75 as the next downside zone.
They are conditional targets on the technical front but not guarantees. This revenue ranking gives important background information, but in no way confirms either trend. The traders should observe the price behavior at the support level, trading volumes, and other market conditions for further confirmation.
What Comes Next for HYPE?
Performance in terms of revenue generation and HYPE’s architectural design provide two different views of the token. Revenue ranking underscores the importance of the platform amid the listed protocols, whereas the price graph indicates that the token still has more to move despite the rejection near the $97 mark.
The next significant event will be how Hyperliquid can sustain its advantage in revenue relative to other players going forward and how HYPE can defend the $79.50 support region.
An uptrend towards $86–$88 will validate the bullish technical picture, while failure to do so will put $75–$76 in play. At the moment, the support region is the price level to keep an eye on.
Also Read: Hyperliquid Revenue Surpasses $1.4B as HYPE Buybacks Exceed $1.26B
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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