Hyperliquid, the altcoin that ridicules the giants

In a crypto ocean in perpetual turmoil, Hyperliquid (a blockchain that aims to be transparent) and its token HYPE have experienced a skyrocketing rise

Hyperliquid (HLQ) is making waves in the crypto industry with its impressive token performance and ecosystem development. Despite the recent struggles of Bitcoin (BTC) and Ether (ETH), HLQ has managed to defy the storm and enjoy a soaring ascent.

Key Points:

Hyperliquid's native token HYPE has experienced a skyrocketing rise of 176% since its launch in December 2024.

While Bitcoin fell by 3% and Ether lost 32%, HYPE displayed an outrageous growth.

A massive buyback program, fueled by fees generated to the tune of 400 to 500 million dollars annually, is contributing to HYPE's resilience.

Some analysts predict that other altcoins might follow suit shortly, once the memecoin ecosystem has left a little oxygen for the rest of the market.

Hyperliquid is also partnering with Unit Protocol to enable direct deposits and withdrawals of BTC on its blockchain.

HLQ's Secret Weapon: A Massive Buyback Program

Hyperliquid's altcoin is ridiculing the giants of the crypto industry. In a market where many tokens have been battered by the bear market of 2024, HYPE is standing out from the crowd. Since its launch in December, the token has experienced a skyrocketing rise of 176%.

In stark contrast, Bitcoin is down by 3%, and Ether has lost 32%. This performance is all the more remarkable considering that HYPE is circulating at a price of 20x relative to its circulating supply, which is generating fees of 400 to 500 million dollars per year.

This massive buyback program is attracting attention and contributing to HYPE's resilience in a market that is otherwise struggling to find its footing.

Only a Handful of Tokens Are Beating the Market in 2025

The crypto market is still searching for new kings, and the performance of altcoins is varying widely. According to Nicolai Sondergaard, an analyst at Nansen:

“The altcoin season will eventually arrive, but it may not look like what we have seen before. The explosion of memecoins has monopolized investors' attention, making the trajectory of other altcoins more uncertain.”

Despite the challenges, some altcoins are managing to make their mark. Among them is Hyperliquid, whose HLQ token is showing impressive resilience. But, as Sondergaard points out, the market is changing rapidly, and it remains to be seen how other altcoins will fare once the memecoin frenzy subsides.

Hyperliquid Partners with Unit Protocol to Bring BTC to Its Blockchain

In addition to the strong performance of its token, Hyperliquid is also making waves in the world of decentralized finance (DeFi). Through a partnership with Unit Protocol, users will now be able to directly deposit and withdraw BTC on the Hyperliquid blockchain.

This integration marks a significant first in the crypto industry and could have major implications for on-chain trading. As Jeff.hl, a developer at Hyperliquid, puts it:

“Launching Unit Protocol brings Hyperliquid closer to its ultimate ambition: to become the essential hub of tokenized finance. With record liquidity and refined UX, the platform aims to attract both beginners and seasoned traders.”

However, despite Hyperliquid's impressive gains and innovations, not everything seems to be rolling out on a red carpet. Recently, VanEck questioned whether the blockchain could avoid a catastrophe, considering the demanding and unpredictable nature of the crypto community. If promises are not fulfilled, the market could quickly turn on them. Hyperliquid has won a battle, but the war for decentralization is far from over.