Hyperliquid News Today: Rising DeFi Fees Drive Hyperliquid's Superior Altcoin Performance

Hyperliquid (HYPE) has distinguished itself in a turbulent and uncertain altcoin market, with its token price jumping more than 26% over the last week and trading above $48.50 as of October 27, 2025, according to an

. This strong upward trend has made the decentralized derivatives platform a symbol of resilience, outperforming many competitors during the ongoing crypto downturn, as mentioned in an .

This rally is supported by significant on-chain activity, with Hyperliquid’s 24-hour chain fees exceeding those of major networks such as edgeX and

Chain, amassing $2 million in fees, according to the FXStreet forecast. Decentralized finance (DeFi) and financial applications remain the primary drivers of on-chain activity, making up 63% of all fees in the first half of 2025—totaling $6.1 billion—which represents a 113% increase from the previous year, as reported by . Within this sector, Hyperliquid was responsible for 35% of the fees in the perpetual and derivatives category, fueled by a surge in open interest (OI) that rose from $1.27 billion to $1.97 billion in just five days, the FXStreet article notes. Experts link this expansion to heightened activity from large investors and ample liquidity, with technical signals like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) pointing to continued bullishness.

The derivatives market on the platform has experienced a notable increase in activity, with futures OI reaching its highest point since October 11. This indicator, often seen as a measure of market confidence, signals ongoing buying interest as traders anticipate further price increases, according to FXStreet. At the same time, projections for on-chain fees emphasize DeFi’s expanding influence, with the sector expected to generate $13.1 billion in fees in 2025—accounting for 66% of all blockchain revenue, the BeInCrypto analysis suggests. Hyperliquid’s strong showing fits this pattern, as it secures a large portion of the derivatives market, surpassing competitors like

and , according to the BeInCrypto report.

However, there are still risks to consider. Although Hyperliquid’s price has moved above important technical resistance, a retreat toward the 50-day exponential moving average at $43.54 could challenge market sentiment, the FXStreet forecast warns. Broader trends in the crypto market, such as ETF inflows and macroeconomic developments, will also influence whether HYPE can revisit or exceed its previous peak of $59.46, as discussed in the FXStreet wrap.

The divergence between Hyperliquid’s positive momentum and the general weakness in altcoins highlights the platform’s distinct position within the DeFi sector. As fees generated by decentralized applications (dApps) and financial protocols continue to outpace those of traditional blockchain systems, Hyperliquid’s capacity to draw liquidity and institutional interest may cement its status as a major force in the changing crypto environment, the BeInCrypto report concludes.