• The Hyperliquid Enchancment Proposal 3 (HIP-3) improve permits for the creation of permissionless and everlasting markets.
• Jeff Yan’s push for transparency will increase belief in on-chain transactions.
• Hyper Liquid (HYPE) worth is sustaining above $40 and is eyeing resistance close to the $43.82 space.

HyperLiquid (HYPE) rallied sharply in the present day, with HYPE up practically 13% to $41.67 because the market reacted to main protocol upgrades and renewed debate over trade transparency.

The rally in HYPE token worth cushioned the weekly decline and pushed the market cap index larger as merchants digested the technical and elementary implications of latest occasions.

Enabling HIP-3 Hyperliquid Improve

The largest issue was the activation of Hyper Liquid Enchancment Proposal 3 (HIP-3) on October thirteenth. It is a protocol improve that enables for the creation of permissionless futures markets.

Beneath the brand new guidelines, builders who stake 500,000 HYPE can deploy Perp DEX on HyperCore. It is a shift that explicitly ties token utility to platform progress.

This staking mechanism has the potential to create rapid on-chain demand for HYPE, whereas decreasing limitations for derivatives builders and increasing the vary of tradable merchandise and liquidity on the protocol.

This improve additionally aligns with Hyperliquid’s broader positioning as a whole on-chain DEX built-in with HyperEVM.

By design, all transactions, orders, and liquidations are transparently recorded on-chain. For merchants and market makers, the promise of open verification reduces counterparty dangers related to opaque inside reporting.

HyperLiquid founder criticizes CEX’s opaque liquidation

Hyperliquid founder Jeff Yan amplified HYPE’s worth proposition by publicly criticizing centralized exchanges for underreporting liquidation occasions.

Yang pointed to paperwork displaying that Binance’s CEX liquidation stream solely exposes one occasion each 1,000 milliseconds, which might conceal a number of simultaneous liquidations.

Hyperliquid’s totally on-chain clearing can’t be in comparison with under-reported CEX clearing

Hyperliquid is a blockchain the place all orders, transactions, and liquidations happen on-chain. Anybody can confirm the execution of the chain, together with all liquidations and their executions, with out permission. pic.twitter.com/K5sv74LJgO

— Jeff.hl (@chameleon_jeff) October 13, 2025

These feedback got here as a shock to many market contributors, following a spate of $19 billion in liquidations between October 10 and 11.

The distinction between Hyperliquid’s on-chain data and CEX’s alleged underreporting makes for a tradeable story.

Institutional buyers and retail merchants who prioritize verifiable execution are prone to reallocate exercise and funds to places the place any liquidation is public and auditable.

If this modification in confidence persists, it might assist continued buying and selling volumes for Hyperliquid.

HYPE token worth evaluation

Technically, HYPE bounced off the long-term assist close to the 200-day easy shifting common of $36.17, which attracted some buy-in.

Momentum indicators look blended. The RSI is near oversold territory at round 38.8, suggesting upside potential, however the MACD studying stays bearish.

Hyperliquid worth crossed a short-term hurdle in the present day, however vital overhead resistance exists and the bears haven’t surrendered but.

Based on some analysts like CoinLore, the token must maintain above $39.80 to focus on the primary resistance at $43.82, with larger resistances at $49.45 and $57.30.

On the draw back, failure at $39.87 might open the way in which to $35.03, the place long-term assist may very well be examined.

Hyper Liquidity Worth Prediction and Key Ranges to Watch

Within the brief time period, bullish momentum appears believable if upgrades are adopted by adoption and the transparency narrative continues to redirect quantity to hyperliquid.

It is very important keep above $40 persistently. That may validate the latest pullback and improve the chance of a check of $43.82 as the subsequent goal.

Nonetheless, if it fails to defend that zone, HYPE might retest the decrease assist close to $35.

Merchants ought to keep watch over concrete adoption alerts over the subsequent 48 hours, together with new Perp introductions, on-chain staking exercise, and constant buying and selling volumes in newly minted markets.

Merchants additionally want to observe how the broader market digests macro information, as systemic occasions can rapidly overwhelm idiosyncratic catalysts.

If builders and merchants undertake HIP-3, HYPE’s utility and demand might considerably exceed speculative momentum alone.