Market
Hyperliquid Surpasses $1 Trillion in Perps Trading Volume

Decentralized perpetual exchange (DEX) Hyperliquid (HYPE) has reached a significant milestone, surpassing $1 trillion in total perpetual contract (perps) trading volume.
This achievement comes despite a broader market downturn, where major sectors have posted losses. While there has been slight growth today, it remains minimal, highlighting the market’s challenges.
Hyperliquid Dominates Perps Market
According to data from DeFiLlama, Hyperliquid perps’ cumulative trading volume has surged to $1.1 trillion. This rise in activity highlights its growing appeal among traders.
Furthermore, as reported by Dune Analytics, weekly volumes have ranged between $40 billion and $50 billion. In fact, the platform now commands over 60% of the market share among perps platforms, solidifying its position as a powerhouse in decentralized finance (DeFi).

Besides its market dominance, Hyperliquid has made headlines for being central to a major development. As BeInCrypto reported, the platform gained widespread attention after a whale trader opened a 40x leverage BTC short position worth $423 million, triggering a “whale hunt.”
Nonetheless, the developments have not done much for the platform’s native token, HYPE. Instead, it has been underperforming, maintaining a consistent downtrend.

Over the past day, it has depreciated by 3.4%. At press time, it traded at $12.9, marking lows not seen since December 2024. Moreover, the platform has faced increased scrutiny following concerns about potential money laundering.
Analyst Forecasts: Will HYPE Reach $100?
Despite these struggles, an analyst predicted that HYPE could reach $50-$100, citing its status as the leading crypto DEX and its high-throughput Layer 1 blockchain.
In the latest X (formerly Twitter), he highlighted Hyperliquid’s impressive growth. The platform averages $6.7 billion in daily volume, a significant increase from $1.1 billion in October. This surge has increased its market share relative to Binance, jumping from 2% to 9% in just six months.
“If Hyperliquid can maintain just a fraction of its growth rate, we could see it reach ~20% of Binance’s volumes by the end of the year,” the post read.

According to the analyst, this expansion could significantly boost the HYPE token’s valuation.
“If Hyperliquid is able to reach 20% of Binance’s volume, I think we could easily see $40-50 HYPE with the uptick in earnings and a slight multiple expansion,” he said.
He also highlighted several factors that could fuel Hyperliquid’s continued success. The recent addition of native spot Bitcoin (BTC) trading, coin margin functionality, and the possibility of launching a delta-neutral stablecoin are seen as major catalysts for future growth.
Another key development is the evolution of Hyperliquid’s Layer 1 blockchain ecosystem. The platform has attracted over 50 projects and holds over $2.3 billion in USDC and BTC deposits.
The analyst added that Hyperliquid has a strong potential to establish itself as the third most used blockchain, following Ethereum (ETH) and Solana (SOL), within the next few years.
“Given ETH and SOL are worth $230 billion and $75 billion, respectively what does that make Hyperliquid’s potential L1 valuation? Even at 15-25% of ETH or SOL, that adds another $10-50 to the token price. $50 for the perps/spot/stablecoin product + another $50 for the L1 and $100 HYPE seems possible,” he predicted.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Top 3 Base Meme Coins to Watch Closely This Week

Base meme coins are heating up this week, with DOGINME, DRB, and CLIZA standing out as key tokens to watch. Doginme is leading the charge with explosive gains and growing hype after being added to Coinbase’s listing roadmap.
DRB is attracting attention as the first Grok-backed token but is still battling near all-time lows despite solid volume. Meanwhile, CLIZA is making waves as a launchpad-focused meme coin, building momentum as it competes with other platforms in the Base ecosystem.
doginme
Doginme is one of the most trending Base meme coins, with a market cap of over $84 million and a recent addition to Coinbase’s listing roadmap.

The coin has surged 511% in the last six days, with daily volume hitting $3.2 million as Base gains more traction. Doginme is quickly becoming a standout performer among Base meme coins.
If the uptrend continues, DOGINME could break above $0.00139, with room to push toward $0.0015 and $0.0020. However, if momentum fades, the price could pull back to $0.00097, $0.0007, or even $0.00043.
DebtReliefBot (DRB)
Debt Relief Bot (DRB) is the first token created by Grok in partnership with Bankr, an AI-driven Base project focused on companions. The token was uniquely launched directly through a thread on the X social platform, where Grok suggested both the name and ticker in collaboration with Bankr, making it one of the hottest Base meme coins in the last few days.

Currently, DRB has a market cap of $5.2 million and generates $2.5 million in daily trading volume. Despite this activity, DRB is trading near its all-time lows, showing signs of bearish pressure.
If the trend reverses, DRB could move up to test resistance levels at $0.000082 and $0.00018. A strong breakout could even push the price higher toward $0.000249, marking a significant recovery from its current lows.
CLIZA
CLIZA is a token launchpad specializing in AI agentic crypto, positioning itself as a competitor to platforms like Pumpfun and Clanker.
It aims to stand out by offering features such as Smart Metadata, vested team supply, and a built-in buyback and burn mechanism to enhance token value and sustainability.

The project currently boasts a market cap of $3.1 million, with daily trading volume reaching $2.3 million and a growing community of nearly 60,000 holders.
If CLIZA loses support at $0.00339, the price could drop further toward $0.00071.
However, if bullish momentum returns, the token could challenge resistance at $0.0056, with a potential push toward $0.0071 if buying pressure accelerates and crypto AI agents recover their upward momentum.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Nigeria Turns to Crypto to Combat Inflation and Naira Devaluation

Nigeria recently faced one of the most severe economic crises. Inflation surged to record highs towards the end of 2024. Despite some level of easing, citizens still endure inflationary pressures.
Meanwhile, the Nigerian government is accelerating efforts to regulate cryptocurrency transactions. Prospects are that interventions could boost revenue for the country.
Nigeria Faces Inflationary Pressures
Nigeria, Africa’s most populous nation and largest economy, has long struggled with economic instability. Sources indicate its annual inflation rate soared to 24.48% in January 2025 before dropping to 23.18% in February.
The 1.3% decline suggests the government’s monetary tightening measures may be starting to take effect. However, the country’s naira currency has devalued significantly. It lost 230% of its value against the US dollar over the past year.
“The drop in the inflation rate is mainly due to the rebase of the Consumer Price Index (CPI), not an actual reduction in price levels or inflationary pressure,” highlighted one citizen.
It comes as the country’s import-dependent economy is highly vulnerable to external shocks. Against this backdrop, President Bola Tinubu’s administration implemented bold economic reforms to stabilize the economy.
Among them are the removal of decade-long fuel subsidies and the unification of the country’s multiple exchange rates. However, these measures triggered unintended consequences, such as skyrocketing fuel prices and a severe cost-of-living crisis.
The effects of inflation are particularly devastating in conflict-ridden regions where communities rely on subsistence farming for food.
Crypto as a Hedge With New Regulations on the Horizon
Amid the economic uncertainty, many Nigerians have turned to crypto as a hedge against inflation and currency depreciation. Blockchain analytics firm Chainalysis revealed that between July 2023 and June 2024, Nigerians traded approximately $59 billion in crypto assets.

This surge in crypto adoption reflects a growing distrust in the traditional financial system. It also suggests a desire for more stable and accessible financial alternatives.
Nigerian authorities are finalizing new regulations in response to the rise in crypto adoption. They want to integrate digital asset transactions into the formal economy.
The Nigerian SEC (Securities and Exchange Commission) is drafting policies to ensure all eligible transactions on regulated exchanges are incorporated into the country’s tax network.
A proposed bill outlining taxation policies for crypto transactions and other digital assets is under legislative review. The general sentiment is that it will pass within the first quarter (Q1) of 2025.
Meanwhile, the Central Bank of Nigeria (CBN) is stabilizing the currency and restoring investor confidence. Governor Olayemi Cardoso announced that the bank had cleared $2.5 billion of the foreign exchange backlog, with another $2.2 billion expected to be resolved soon.
Nigeria’s President Tinubu has also ordered the release of food reserves and establishing a commodity board to curb hoarding and stabilize prices.
While Nigeria’s economic crisis leaves millions struggling, the government’s intervention efforts involving crypto taxes and signs of easing inflation suggest a potential turnaround. However, much depends on how effectively authorities implement their policies and whether global economic conditions remain favorable.
At the same time, the country’s cryptocurrency adoption presents both opportunities and challenges. If regulated properly, digital assets could provide Nigerians with financial alternatives that help them navigate economic instability.
Notwithstanding, striking a balance between innovation and regulation will ensure that crypto remains a viable solution rather than a source of new financial risks.
“Currently, Nigeria needs massive investment in both formal and professional education; this is essential to increase our skilled labor force and be competent in today’s global digital economy.Special attention should be paid to areas in Blockchain, Digital Assets, Web3,” one user shared on X.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
BNB Price Finds Footing After Clearing $605 Resistance Toward Higher Targets

BNB has once again demonstrated its resilience and strength by breaking through the crucial $605 resistance level. This milestone, achieved after weeks of testing and consolidation, has sparked renewed interest among traders and investors. Following the breakout, BNB has entered a phase of price stabilization, comfortably holding above the $605 mark and transforming it into a robust support zone.
This consolidation phase is a classic sign of a healthy market, as it allows the asset to catch its breath after a significant upward move. It also suggests that the breakout was backed by genuine buying pressure rather than short-term speculation. With the $605 level now acting as a springboard, the stage is set for BNB to target higher price levels in the coming days or weeks.
BNB Price Action: Stability Above $605 Signals Strength
BNB’s ability to hold above the $605 resistance level after breaking through reflects growing bullish momentum. Its stability indicates that buyers are defending the breakout level, reinforcing its significance as a new support zone. Sustained trading above this level could pave the way for further gains toward targets near $630 and $650.
Technical indicators reinforce the strength of BNB’s breakout, signaling that bullish momentum remains intact. The MACD continues to trend in positive territory, with the MACD line staying above the signal line. This positioning suggests that buying pressure remains dominant, and the possibility of further gains remains strong. Additionally, the histogram bars are expanding, reflecting increasing bullish momentum.
Furthermore, the 100-day Simple Moving Average (SMA) acts as dynamic support, with BNB trading above it, which implies that the broader trend remains bullish, and any dips toward this level could present buying opportunities.
If BNB maintains its momentum, it could target $680, strengthening its bullish outlook. A breakout above the level may attract more buyers, increasing the chances of a sustained rally. Presently, the $680 serves as a key resistance, and clearing it with strong volume is likely to spark a move to $724 in the medium term.
Support Zones To Watch In Case Of A Pullback
If BNB experiences a pullback, the $605 level will be the first key support to watch, as it has flipped from resistance to support. Holding this level could reinforce bullish momentum and signal that buyers are defending the breakout.
However, if selling pressure increases and $605 fails to hold, the $531 demand zone comes into play, which has historically provided strong support. A rebound from this level would indicate buyer strength, but a break below will expose BNB to more downside before another bullish attempt. An extended correction could bring $500 into focus, which aligns with the 100-day SMA and has previously served as a significant pivot point for price rebounds.
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