hyperliquid

Hyperliquid (HYPE) is displaying increasingly clear recovery signals after reclaiming the $26.00 level on Thursday, marking a renewed return of buying interest following an extended consolidation phase. The latest price action is being supported by improving on-chain metrics and a noticeable pickup in derivatives activity, suggesting that investor confidence may be gradually returning.
DeFi Growth Strengthens the Recovery Narrative
Staking activity on the Hyperliquid network rose by nearly 6% on Thursday, pushing the total value locked (TVL) to approximately $1.37 billion. This increase points to growing conviction among long-term participants, who appear more willing to lock up capital in anticipation of sustained network growth rather than pursue short-term liquidity.
The rebound also represents a meaningful trend reversal in Hyperliquid’s DeFi TVL, which had declined to around $1.3 billion earlier in the week after peaking at a record $2.79 billion on September 19. The relatively swift recovery suggests that underlying demand within the ecosystem remains resilient, despite recent market volatility.
From a structural standpoint, rising staking levels often reduce the circulating token supply, a dynamic that can support price stability or appreciation when market sentiment improves. This effect becomes more pronounced when paired with increasing network participation and expanding DeFi usage.
At the same time, Hyperliquid’s derivatives market is reinforcing the constructive outlook. Futures open interest (OI) climbed to $1.41 billion on Thursday, up from approximately $1.3 billion the previous day. Higher OI reflects growing capital deployment by traders and indicates that market participants are positioning for potential near-term price movement rather than disengaging.
Taken together, the combination of rising staking, recovering TVL, and increasing open interest suggests that Hyperliquid may be entering a renewed accumulation phase. While short-term volatility cannot be ruled out, these indicators point to improving structural conditions that could support further stabilization or upside if broader market sentiment remains favorable.
This article is for informational purposes only and reflects personal analysis. It does not constitute investment advice. Readers should conduct their own research before making any financial decisions. The author is not responsible for any investment outcomes.
👉 Follow for more crypto market updates, on-chain insights, and DeFi analytics.
#Hyperliquid