Here’s Why Hyperliquid (HYPE) Jumped 30% Today

Blockchain oracle RedStone Oracles has integrated with HyperLend, the inaugural lending platform constructed on Hyperliquid EVM (HYPE). Following this integration, Hyperliquid’s native token has surged over 30% in the last 24 hours.

This strategic alliance equips HyperLend with the robust and reliable price data necessary to operate its lending platform securely and efficiently.

HyperLend, a new system within the Hyperliquid ecosystem, represents a significant advancement for decentralized finance (DeFi). It leverages the established Aave system, introducing proven lending methodologies to Hyperliquid. This platform is meticulously designed for traders and market makers, offering rapid leverage, dynamic interest rates, and substantial liquidity.

After many months of hard work and improvement, HyperLend’s mainnet went live on March 24, 2025. This launch on Hyperliquid EVM means faster speeds, better efficiency, and strong security.

HyperLend’s Key Miners Attractions

HyperLend is attractive to miners and other DeFi users for several reasons.

The protocol delivers fast performance, boasting transaction speeds of less than one second. All transactions are openly recorded on the blockchain, fostering trust and transparency.

Additionally, it employs a unique agreement method, HyperBFT, to guarantee rapid and reliable transactions. Strong security is paramount, and smart contracts undergo meticulous scrutiny to identify and rectify any vulnerabilities.

Redstone noted it is already working on HyperEVM, providing safe and effective data from the start. Redstone highlighted its commitment to helping new DeFi systems across different blockchains, especially those focusing on speed and efficiency.

Redstone and HyperLend Partnership

RedStone Oracles are key to the HyperLend platform’s smooth operation and safety. They provide correct and current price information, protecting the lending system from unfair changes. 

This includes correct collateral amounts, which RedStone’s data helps determine the right amount of collateral, making loans secure.

Additionally, its fast selling process makes it easy to sell assets quickly if prices change a lot or someone can’t repay their loan. This keeps the user’s money safe.

These things are crucial for keeping the system healthy and the user’s funds secure. Moreover, Redstone supports the new uBTC market with its BTC/USD price data, illustrating its partnership with HyperLend.

Hyperliquid (HYPE) Price Surge

Integrating RedStone Oracles with HyperLend and Hyperliquid’s impressive market performance signals a promising future for DeFi innovation, particularly in decentralized lending and high-performance blockchain ecosystems.

Hyperliquid’s token, HYPE, has jumped up in price. Today, April 8, 2025, HYPE went up by 32.7% to $12.5, making its market capitalization worth over $4 billion. Daily HYPE trading volume surged, exceeding $246 million, a nearly 50% increase compared to yesterday.

This rise has offset losses from a recent market drop. Worries about potential trade wars due to new U.S. trade taxes caused the drop. Increased investor interest aided the price increase, with open interest climbing 20% to over $450 million, indicating greater trader participation. Positive funding rates since March 25 demonstrate that most traders anticipate continued price appreciation.

Hyperliquid has also seen a significant increase in trading, going up by 66% to $13.05 billion, which is more than its competitor, Jupiter, which had $1.6 billion. Hyperliquid’s total trading amount is now over $1.22 trillion, much higher than Jupiter’s $278.4 billion.

Experts are watching HYPE closely, especially between $11.7 and $12.5. If the price can break through this range, it could become a price floor, and the price could go up to $18.5 or even $20.5. Traders say it’s essential for the price to turn the $11.7 – $12.5 range into a support level to avoid possible losses.

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