Hyperliquid’s price is currently hovering around $19, with eyes focused on the crucial resistance level of $20. The cryptocurrency has experienced a notable 4% gain over the past 24 hours, boasting a market capitalization exceeding $6 billion according to CoinGecko. 83% of total trading volume for decentralized exchanges belongs to Hyperliquid, as per recent data from Hypeflows, indicating strong organic user engagement. The surge comes on the back of increased trading activity and is linked to a massive increase in open interest, reaching an all-time high, according to Hypeflows. This suggests a more engaged retail user base compared to centralized exchanges. 24 hours ago, HYPE’s price saw a significant upward shift following rumors of a second Hyperliquid points airdrop season.