PERPPerpetual Protocol Price

Hyperliquid (HYPE) is gaining significant attention as its price surged to $33.8, rising 9% in 24 hours and over 50% from the previous week. The rally drivers include reduced sell pressure from major wallets linked to the Tornado Cash case and continued buying from data traders. Technical indicators like the RSI near 90 and a bullish MACD signal strong buying momentum. Additionally, Hyperliquid's perp market share has reached 60%, with founder Jeff Yan claiming its BTC liquidity now exceeds Binance. Exposure to gold and silver rallies via HIP-3, with over $1.1 billion in daily silver volume, further strengthens its position.

LayerZero (ZRO) recorded significant gains, ranking among the top-performing cryptocurrencies with trading volume exceeding $130 million. The rally was supported by a sharp increase in perpetual market liquidity, which reached approximately $96 million, alongside a positive funding rate of 0.0191%, indicating strong bullish sentiment among derivatives traders. Despite the upward momentum, ZRO faces a key resistance level at $2.28. A decisive breakout above this level could pave the way for further gains toward $2.59 and potentially higher targets. The asset is currently trading above a former descending channel, with strong support found in the $1.81–$1.88 demand zone. Market sentiment remains optimistic, with about 65% of participants in a CoinMarketCap survey expressing a bullish outlook. However, while technical and liquidity data support continued strength, price direction is not guaranteed by sentiment indicators alone.

Coinglass's recent analysis of perpetual decentralized exchanges (DEXs) like Hyperliquid, Aster, and Lighter has sparked debate due to significant discrepancies in reported metrics. Hyperliquid showed $3.76B in trading volume, $4.05B in open interest (OI), and $122.96M in liquidations, indicating consistent and real market activity. In contrast, Aster and Lighter reported high volumes ($2.76B and $1.81B) but significantly lower OI ($927M and $731M) and minimal liquidations ($7.2M and $3.34M). Coinglass suggests these disparities may indicate artificial volume inflation from airdrop farming, self-trading, or reporting issues, rather than genuine trading. The report concludes that Hyperliquid’s metrics align more closely with healthy market behavior, while Aster and Lighter’s volume quality requires further validation. The analysis prompted community debate, with some accusing Coinglass of bias, though the firm maintains its findings are data-driven and unbiased.

Perpetual trading volumes on decentralized exchanges have declined for five consecutive months, falling nearly 50% from a peak of $1.36 trillion in October 2025 to $699 billion by March 2026. This drop reflects ongoing bear market conditions and cautious trader sentiment following last year's market crash, which erased nearly $1 trillion in value. Open interest also declined by 50% from pre-October levels, indicating reduced speculative activity. While the decline highlights persistent bearish pressure, it also suggests traders are recalibrating risk more strategically. This measured behavior helps stabilize markets, reduce volatility, and may lay a stronger foundation for crypto's next rally.

Driven by AI demand, a memory "supercycle" is propelling DRAM and NAND prices higher through 2026, significantly boosting companies like Micron and SanDisk. The global crypto exchange WEEX is providing access to this trend through tokenized stocks and perpetual futures for MU and SNDK, as well as DRAM spot trading. These USDT-denominated markets allow 24/7 trading with leverage, eliminating the need for a traditional brokerage account. While highlighting the strong fundamentals and projected supply gap, the article cautions about volatility and high risk, noting sharp pullbacks and warning that leveraged trading can amplify losses.