Hyperliquid Fees Hit 30-Day High as Perpetuals Volume Doubles
Hyperliquid's fees reached a 30-day high as perpetuals turnover doubled to $17.44 billion on Oct. 29. Liquidations climbed to about $252 million while outstanding positions declined, suggesting a flush of leveraged traders. Rising fee revenue signals strong platform demand, a positive for the HYPE token even as the position unwind adds short-term volatility.