The post HYPE Defies Volatility as Hyperliquid Takes Over Perp Market Share appeared on BitcoinEthereumNews.com.

HYPE held near $32 despite volatility as Hyperliquid expanded perpetual DEX market share beyond 30 percent. Hyperliquid generated higher daily fees than Ethereum and Tron while accelerating token buybacks and supply reduction. HIP-3 volumes and users surged, showing adoption growth as on-chain perpetual trading gained structural momentum. Bitcoin plunged from $90,000 to $60,000 before recovering to $70,000 in recent weeks.  The sharp volatility rattled crypto markets. But HYPE maintained its $32 price level throughout the turbulence. The token has since gained 60% from its recent bottom, according to analyst Wise Advice. Open interest fell from $8.4 billion to $5.39 billion during the price increase. This divergence indicates lower leverage in the rally compared to previous price movements. Hyperliquid’s platform metrics show significant shifts in the decentralized perpetual futures landscape. Platform Generates $5.5M in Daily Fees Hyperliquid recorded $5.5 million in fees over 24 hours, as noted by Wise Advice in a recent analysis. The figure exceeded Ethereum’s $3.1 million and Tron’s $2.4 million during the same timeframe. The platform has implemented a buyback program tied to fee revenue. Data shows $5.25 million in buybacks executed within 24 hours. Seven-day buybacks totaled $25.9 million, while the 30-day figure reached $62.9 million. These buybacks removed 2.32 million HYPE tokens from circulation over the past month. The program automatically converts a portion of trading fees into token purchases. Trading volume on the platform has increased substantially in recent weeks. Higher activity levels translate directly to larger fee generation and subsequent buyback amounts. 🚨 While most of crypto is focused on price…$HYPE is quietly taking market share and the numbers are getting insane. Let’s dip a little deeper🧵👇 pic.twitter.com/ZIfnqRsiFj — Wise Advice (@wiseadvicesumit) February 7, 2026 HIP-3 Commodities Feature Records $5.2B Volume HIP-3, which enables commodities trading on Hyperliquid, hit $5.21 billion in daily…

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Filed under: News - @ February 8, 2026 12:23 pm