-
Hyperliquid dominates bridge activity, attracting $55M inflow and topping $1.1M in fee revenue, signaling strong user demand.
-
Capital exits Arbitrum and Ethereum, moving to emerging platforms, showing investors diversify rather than exit crypto markets.
-
$HYPE tests critical support at $25.8; traders see potential for $29–$30 if structure holds amid market momentum.
Hyperliquid surged as the top destination for bridged capital over the past 24 hours, attracting a net inflow of $55 million. According to Hyperliquid Daily, this figure outpaced all other networks, while the platform also led in fee revenue, generating $1.1 million.
The activity highlights strong user demand, likely fueled by trading momentum, liquidity incentives, and growing confidence in Hyperliquid’s ecosystem. Besides Hyperliquid, networks like BNB Chain and Base posted moderate gains, drawing several million dollars in bridged assets.
Solana saw some money coming in, though not as much, showing steady interest instead of sudden hype. At the same time, smaller amounts flowed into networks like Starknet, Ink, Avalanche C-Chain, OP Mainnet, Sui, Sei Network, Linea, Berachain, and Sonic. This shows that investors are spreading their funds across different platforms instead of putting all their money in just one place.
Capital Outflows and Shifts
Conversely, established networks experienced notable outflows. Arbitrum led the exits, losing over $25 million via bridges, while Ethereum followed closely with similar losses.
Polygon PoS, edgeX, Bitcoin, Unichain, zkSync Era, and Sonic faced smaller withdrawals. Consequently, capital appears to be moving away from long-standing Layer 1 and Layer 2 networks into emerging alternatives, rather than leaving the crypto market entirely.
Market Technicals on $HYPE
Traders are monitoring $HYPE closely amid these flows. Trader Tim noted, “While I had been trying to snag a little short off HYPE… ultimately it came back and stopped me break even in my sleep.” He emphasized maintaining structure around $26 and suggested $29 or $30 remains possible.
Meanwhile, analyst Ken observed, “On the daily we are now at a resistance that we haven’t closed above since +40, as well as retesting the RSI midpoint.” He highlighted $25.8 as a critical support line for potential upward movement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu bulls are looking for an exit opportunity: Is this that opportunity?
Shiba Inu (SHIB) is in a sustained downtrend, reflecting a general weakness in the memecoin market. Concerns and lack of interest have led to a prolonged price decline, with selling pressure dominating. Key resistance levels are identified, and traders are recommended to sell during price recoveries.
TapChiBitcoin34m ago
NEAR and PHA Steal Spotlight by Defying the Fall Across the Crypto Market
NEAR and PHA lead the trending cryptocurrencies, with significant gains of 10.59% and 38.19%, respectively. BTC and FAI follow, while oil and gas price fluctuations could influence the crypto market's stability.
TheNewsCrypto34m ago
BTC 15-minute increase of 1.06%: Macroeconomic liquidity expectations and institutional buying resonance driving the market
On March 3, 2026, from 12:00 to 12:15 (UTC), BTC experienced a significant surge, with a 15-minute return of +1.06%. The price ranged from 67,030.1 to 67,966.1 USDT, with an amplitude of 1.40%. This movement attracted widespread market attention, with active short-term trading and increased volatility indicating accelerated capital inflows into mainstream cryptocurrencies.
The main drivers of this movement were the optimistic macroeconomic policy expectations and the resonance of buy orders from leading institutions. As the Federal Reserve's interest rate meeting approaches, the market generally expects to maintain stable interest rates and to conclude quantitative tightening (QT) before May.
GateNews53m ago
ETH short-term increase of 1.04%: Spot buying driven and deflation expectations resonate to amplify the rally
March 3, 2026 12:00 to 12:15 (UTC), ETH prices rapidly rose within the range of 1960.84 to 1990.3 USDT, recording a 1.04% return with an amplitude of 1.50%. The candlestick data reflect significant market activity during this period, with trading volume and volatility both at high levels, attracting widespread market attention.
The main driver of this movement is active spot market buying, which pushed short-term prices higher. At the same time, leveraged funds in the futures market participated heavily, with open interest exceeding $25 billion, and approximately $96.85 million in long and short funds within the market.
GateNews53m ago
Bitmine scans another 50,000 ETH! Tom Lee Looks Forward to a Rebound in March
Bitmine Immersion Technologies (BMNR) announced that as of March 1, it holds 4.47 million ETH, valued at $8.8 billion, making it the publicly listed company with the largest holdings of Ethereum worldwide. Despite the market downturn, Bitmine continues to increase its ETH holdings and plans to launch its own "Made in USA Validator Network," which is expected to generate an annualized revenue of $249 million.
区块客1h ago
