Nov 30th, 2025• 3 min read
Hyperliquid Team Moves $90M HYPE as Network Tops Daily Blockchain Fees
Hyperliquid's team moved $90M worth of HYPE tokens from staking to spot while the network achieved $2M in daily fees, surpassing Ethereum, Solana, and Bitcoin in blockchain revenue generation.
Key takeaways
💰 Fee Leadership: Hyperliquid generated $2M in 24-hour network fees, outperforming all major blockchains including Ethereum and Bitcoin.
🏦 Team Transfer: Hyperliquid team moved 2.6M HYPE tokens ($90M) from staking to spot, though 240M tokens ($8.3B) remain staked.
📊 Trading Surge: Derivatives volume jumped 45% to $1.61B with open interest reaching $1.48B, indicating high trader activity.
⚖️ Mixed Signals: Strong network fundamentals contrast with potential selling pressure concerns from team wallet movements.
Deep dive
Hyperliquid achieved a significant milestone by leading all blockchains in daily fee generation with $2 million in 24 hours, surpassing established networks like Ethereum, Solana, and Bitcoin.
This demonstrates robust network usage and growing demand for Hyperliquid's trading infrastructure.
However, the same day saw the team transfer 2.6 million HYPE tokens worth $90 million from staking to spot wallets, raising questions about potential selling pressure.
With HYPE trading at $33.70 USD and a 24-hour trading volume of $315,388,622, the timing of this transfer alongside record network performance has created mixed market sentiment.
The 45% surge in trading volume to $1.61 billion suggests traders are actively positioning for potential volatility.
Polaris insights AI-generated
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
