Hyperliquid's native token, HYPE, has surged 31%, trading near $47 and approaching its all-time high. The protocol reported $25 million in stablecoin inflows and $20.19 million in revenue last week, ranking third among top-earning protocols. Perpetual trading volume increased by 35.9% to $58.08 billion, while total value locked (TVL) surpassed $2.41 billion. A breakout above $48 could propel HYPE towards $59, with a Money Flow Index of 63.37 indicating strong market interest.