Hyperliquid Handles $30B Daily, Ethena Expands Rapidly, While BlockDAGs' $388M Presale Emerges as the True Attraction for Investors
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 31 2025
Should l Buy HYPE?
Crypto Market Highlights
- BlockDAG's Impressive Presale: BlockDAG has raised over $388 million in its ongoing presale, with its token currently priced at $0.03 and set to launch at $0.05. The platform's unique structure aims to ensure long-term relevance in the crypto space.
- Ethena's Rapid Growth: Ethena has achieved $500 million in revenue and its USDe stablecoin has reached a market cap of $11.7 billion, reflecting an 87% increase in just one month. This growth is attributed to its innovative hedging model that balances exposure and generates yield.
- Hyperliquid's Dominance in DEX: Hyperliquid commands an impressive 80% share of the decentralized perpetual futures market, processing up to $30 billion in daily volume. Its appeal lies in zero gas fees and a streamlined trading experience, although concerns about validator power concentration and dependency on high-volume trading persist.
Innovations and Features
- BlockDAG's Buyer Battles: The platform features a unique Buyer Battles mechanism that rewards the largest buyer of the day with unsold token allocations, fostering engagement and participation without diluting contributions.
- Security Measures: BlockDAG prioritizes security with independent audits from CertiK and Halborn, multi-signature controls, and a dual-layer Proof-of-Work architecture, ensuring a robust network before its launch.
- User Adoption: The X1 miner app has attracted over 3 million users, providing an easy entry into mining with real-time tracking and Proof-of-Engagement rewards, indicating strong user traction.
Market Implications
- Caution for Ethena: Despite Ethena's growth, analysts warn of potential risks related to volatility and liquidity, which could impact its ability to maintain trust in turbulent market conditions.
- Hyperliquid's Sustainability Challenge: While Hyperliquid's rapid growth is notable, it must address concerns regarding its validator structure and ensure that its model can scale sustainably.
- BlockDAG's Future Potential: With its strong presale performance, innovative features, and user engagement, BlockDAG is positioned as a leading project in the crypto space, potentially setting new standards for presales and project execution.
Conclusion
- The rapid advancements of Ethena and Hyperliquid highlight the dynamic nature of the DeFi and stablecoin markets. However, BlockDAG's focus on fundamentals, security, and user engagement positions it as a standout project with measurable progress, making it an attractive investment opportunity as the crypto landscape evolves.
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Technical Analysis for HYPE
Technical Sentiment Analysis for Hyperliquid (HYPE) As of , Hyperliquid (HYPE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HYPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, HYPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hyperliquid (HYPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 16.069 | 21.744 | 27.074 | 32.749 | 38.079 | 43.754 | 49.084 |
| Fibonacci | 21.744 | 25.948 | 28.545 | 32.749 | 36.953 | 39.55 | 43.754 |
About HYPE
Hyperliquid represents a cutting-edge blockchain platform, specifically designed to enhance the efficiency and performance of decentralized finance (DeFi) applications. At its core, Hyperliquid introduces a novel Layer 1 (L1) blockchain that is meticulously engineered from the ground up to optimize performance and scalability. This optimization is largely attributed to its proprietary consensus mechanism, HyperBFT, which plays a pivotal role in ensuring rapid transaction finality and robust security measures.One of the standout features of Hyperliquid is its focus on decentralized perpetual exchange services. This platform facilitates perpetual futures trading directly on its native L1 blockchain, setting itself apart by eliminating gas fees for transactions. This approach not only reduces the cost barrier for participants but also significantly enhances transaction speed and efficiency.Hyperliquid's architecture boasts a fully on-chain order book, a rarity among decentralized exchanges (DEXs), which typically rely on off-chain order books to manage trades. This on-chain approach ensures greater transparency and security, as all transactions are verifiable on the blockchain.The development team behind Hyperliquid is composed of individuals with impressive backgrounds, including alumni from prestigious institutions such as Harvard, Caltech, and MIT, and professionals with experience in notable companies within the tech and financial sectors. This diverse and skilled team underscores the project's commitment to innovation and excellence.Notably, Hyperliquid is a self-funded initiative, emphasizing its independence and dedication to its vision without the influence of external capital. This autonomy allows for a focused development process, tailored to the needs and expectations of the DeFi community.In summary, Hyperliquid aims to revolutionize the DeFi space by offering a high-performance, cost-effective, and transparent platform for perpetual futures trading. Its unique combination of a custom L1 blockchain, zero gas fees, and a fully on-chain order book positions it as a promising player in the blockchain and cryptocurrency ecosystem. As with any investment in the crypto space, individuals should conduct thorough research to understand the risks and potential of the platform.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
