• Hyperliquid reached $1.1 billion annualized revenue in July 2025, expanding 40% month-over-month
• The $HYPE token values at a low 11.2x revenue multiple, indicative of undervaluation.
• A strong demand zone at $34–$32 could trigger a rebound, targeting new highs near $54.

Hyperliquid (HYPE) has achieved a major milestone, reaching $1.1 billion in annualized revenue for July 2025. Crypto analyst Jon Ma noted the platform saw a remarkable 40% month-over-month surge, showing strong momentum despite the broader crypto market slowdown. The revenue comes from fees for buybacks and gas paid on HypeEVM.

As crypto markets and $HYPE price contract, Hyperliquid revenue multiple is now 11.2x MC/revenue, the lowest since March/April 2025, when the low was 7.2x. Such a low multiple suggests Hyperliquid is undervalued compared to its rapid revenue growth and robust fundamentals.

Compared to other fintech and crypto firms, Hyperliquid’s performance stands out. Leading fintech companies trade near 7.2x revenue with slower growth. Coinbase trades at 13.4x revenue, Robinhood at 22.3x, and Circle at 18.4x. Hyperliquid’s combination of fast growth and low valuation is very compelling.

Also Read: Hyperliquid (HYPE) Price Forecast: Bulls Eye $52 Breakout as Technical Strength Builds

Demand Zone Near $34–$32 Crucial

Hyperliquid is approaching a significant demand area between $34 and $32, which has yet to be tested. The zone signifies a solid buyer support level. If the price touches that area, it may cause an abrupt rebound, which may translate into a V-shape reversal following previous falls.

The decrease from the peak value close to $49.90 to the present value near $37 has been a managed one. The price has created lower highs but has not gone down in a strong, uncontrolled manner. This arrangement implies that buyers are still prepared to intervene if the area of demand continues to hold.

The bull case for this rally is also supported by technical and on-chain data. The SWPE ratio, as well as the bullish divergence, suggests the near floor formation. These internal measurements build confidence that Hyperliquid might rally significantly if such a zone is held.

Potential Targets and Outlook for Hyperliquid’s Price

If Hyperliquid bounces back from the $34–$32 area of demand, it might go up to new highs at around $54. Such a level would indicate a complete turnaround of the latest decline trend as well as a new historic high for the token. The target will be under the keen eyes of traders as a main resistance point.

There is another resistance level located between $49 and $50, which is the previous all-time high. The range of prices may lead to deceleration or a brief downtime of the upward trend, thus challenging the buyers’ strength once again. On the other hand, a breakthrough could pave the way for more gains.

Also Read: HYPE Price Prediction: Recovery in Motion, Targeting $49.08 Resistance Level