Is Hyperliquid Price Next to Rally After HyperEVM Revenue Surpasses $500K?
Key Insights
- Hyperliquid price saw a 1.8% daily pump, albeit retreating 5.3% from its session high.
- HyperEVM daily revenue exceeded $500,000 while trading addresses reached 25,500 on August 23.
- Elysium will use HYPE for gas and split sequencer fees across three stated allocations.
Hyperliquid’s HyperEVM recorded more than $500,000 in daily revenue on August 23, establishing a new all-time high. The peak arrived during increased meme trading activity and broader gains across the network’s decentralized exchange metrics.
Meanwhile, the HYPE crypto price remained positive over 24 hours despite a sharp reversal from $83. Kinetiq also detailed a separate Layer 2 network that will use HYPE for transaction gas.
HYPE Crypto Price Retreats From $83
The token first advanced from around $78 before testing the $83 region. Sellers then rejected that move, sending HYPE back to $78.66. The retreat placed the token about 5.3% below its session high.
During the full session, HYPE crypto price traded between $77.68 and $83.04. Those limits generated an intraday range of almost 6.9%. The late sell-off also saw Hyperliquid price slide 3.2% in an hour. Even so, the token retained a daily gain of approximately 1.8%.
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