Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, announced on June 4 that he has exited his entire positions in both Hyperliquid’s HYPE token and NEAR Protocol — reversing two of his most publicly stated high-conviction long calls — citing five macro and geopolitical factors he believes will weigh on risk assets between now and early Q3 2026. Related Reading: Smart Money Keeps Buying HYPE Despite Rising Market Fear – Price Holds Above $70 Level The exit marks a significant about-face for Hayes, who had publicly identified HYPE as one of his two largest positions outside Bitcoin earlier this year — alongside ZCash — with a stated price target of $150 by August 2026, per reporting of his Consensus Miami remarks. HYPE had already delivered returns well above his entry price following a 55% weekly surge that pushed the token above $56 before analyst Ali Martinez flagged an overheated technical setup at the $59–$60 resistance zone. Hayes, it appears, agreed with the diagnosis. HYPE's price records important losses on the daily chart. Source: HYPEUSD on Tradingview The Five Reasons He Cited In the X post, Hayes offered a five-point TLDR ahead of a full essay titled “Reality Test,” which he said will drop on Tuesday. The reasons are specific and macro-driven rather than project-specific — a signal that the exit is a portfolio-level risk management decision rather than a loss of conviction in either HYPE or NEAR as assets. The first factor is higher energy prices driven by the ongoing Iran war and inventory restocking — a dynamic Hayes has consistently flagged as a macro headwind for risk assets throughout 2026. The second is the pipeline of three mega AI initial public offerings he anticipates between now and early Q3, which he expects will absorb significant institutional risk capital that might otherwise flow into crypto. The third is a prediction that President Trump will pivot to an anti-AI political stance ahead of the midterm elections — a move Hayes believes would be used to win Republican seats and could create further uncertainty for technology-adjacent risk assets. The fourth is a broader view that market highs across asset classes will occur between now and September — implying the risk-reward of holding leveraged positions into that window is unfavorable. The fifth is personal: Hayes said he wants to take profit and enjoy what he called a “two-step in beefa” — a reference to time in Ibiza — without the psychological weight of open positions. What The Exit Signals For HYPE The position reversal arrives at a technically sensitive moment for HYPE. The token had delivered 130% in year-to-date returns at the time Ali Martinez flagged the TD Sequential sell signal and overbought RSI at the $59–$60 resistance zone — the same area Hayes appears to have used as his exit window. With one of the most prominent public bulls now fully out, the near-term price action for HYPE will depend heavily on whether the institutional demand documented in Hyperliquid’s Q1 2026 report — $215 million in gross revenue, 71.5 percentage points of alpha over Bitcoin, four HYPE ETF filings from Grayscale, VanEck, 21Shares, and Bitwise — provides sufficient structural support to absorb the sentiment impact of Hayes’ public exit. Related Reading: XRP Price To See Violent Discontinuous Repricing And $10 Could Only Be The Start Hayes was clear that the exit is tactical rather than fundamental. A full explanation of his reasoning will arrive in Tuesday’s essay — and given his track record of macro calls, the crypto market will be reading every word. Cover image from Grok, HYPEUSD chart from Tradingview
A new research report from Grayscale Investments is putting Hyperliquid in the spotlight, describing it as a breakout success story in the evolving crypto market. The report highlights how the platform has rapidly gained traction by combining high-performance trading infrastructure with a fully on-chain model, positioning itself as a serious contender in the derivatives space. Hyperliquid’s Integrated Ecosystem Is Drawing Industry Recognition Grayscale Investments has significantly elevated the institutional profile of Hyperliquid after releasing a detailed research report titled “Hyperliquid Breaks the Mold”. An analyst known as Crypto Banter on X has revealed that in the report, Grayscale reportedly describes Hyperliquid as one of the breakout success stories of the modern digital asset industry. Related Reading: Hyperliquid Is Becoming A Core Infrastructure Layer For Crypto Finance The report points to several factors behind Hyperliquid’s rise, including its reported $800 million in annualized 2025 revenue, positioning it among the largest crypto assets by market capitalization, and a dominant force in the perpetuals trading market. Grayscale pointed out Hyperliquid’s open architecture, expanding spot trading, commodities, and even outcome-based markets. This versatility is also combined with self-custody principles and centralized exchange-level performance. In a notable move, Graysclae has also filed and recently amended an S-1 registration for a proposed Hyperliquid ETF, though approval from the US Securities and Exchange Commission (SEC) remains pending. Crypto Banter noted that this is a meaningful institutional recognition for a project that has generated real revenue, demonstrated strong product-market fit, and delivered technical innovation. Despite its rapid growth, the report emphasized that Hyerliquid’s revenue is small compared to the massive traditional global derivatives industry, pointing to significant upside if it continues taking market share. Why Hyperliquid Is Difficult To Compare With Traditional Crypto Platforms Hyperliquid stands apart from both traditional finance and existing crypto projects, offering a distinct and forward-looking model for blockchain-based financial systems. Rather than fitting neatly into established categories, the platform is described as breaking the mold. An investor known as Gustavo Am on X has also explained that Hyperliquid is offering a compelling vision for the future of blockchain-based finance. Related Reading: Hyperliquid Puts Wall Street Onchain — Will This Warp Crypto Volatility Next? At its core, Hyperliquid operates on an open architecture platform that encourages permissionless innovation, enabling it to stay true to foundational DeFi principles such as transparency and self-custody. At the same time, it is also structured around a highly optimized core application that has already proven its ability to attract and retain users. This dual approach positions Hyerliquid as more than just another protocol. However, if it continues to execute effectively, retain and grow its dedicated community, and benefits from favorable regulatory developments, it could potentially open the path to broader adoption and become a financial services juggernaut. Featured image from Medium, chart from Tradingview.com
Hyperliquid (HYPE) recently broke into the top 10 cryptocurrencies by market capitalization, sitting alongside top players like Bitcoin (BTC) and Ethereum (ETH), after its price surged past $50 and set a new all-time high. Now, on-chain analytics platforms are showing what HYPE’s ultimate price could become if it surpasses Ethereum’s market cap. Hyperliquid’s ATH Price If It Surpasses Ethereum’s Market Cap Hyperliquid skyrocketed past $50 a few days ago, surpassing Dogecoin’s ranking to take the 9th spot as one of the largest cryptocurrencies in terms of market capitalization. The move marks the first time the token has traded above this zone since late October 2025. Related Reading: Why Is Bullishness Around Hyperliquid On The Rise Again? Currently, HYPE has extended its rally well beyond $60. The breakout reflects a strong shift in trading activity around the token, as well as renewed interest and confidence in DeFi protocols and AI-backed tokens. HYPE’s move back into this historic price range also suggests that traders and investors are once again engaging more actively with Hyperliquid’s perpetual futures DEX. Interestingly, the recent rally in the HYPE price has brought renewed focus on Ethereum, one of Hyperliquid’s biggest crypto and DeFi rivals. While Ethereum remains a dominant benchmark for decentralized applications, Hyperliquid is designed specifically for financial trading and derivatives. Nevertheless, data from Marketcapof has revealed how high HYPE’s price could reach if its market capitalization of $15.99 billion surpasses Ethereum’s, which is around $250.99 billion. Projections indicate the token could move well beyond its previous all-time high, potentially reaching approximately $1,127, marking a 17.92x from present levels. At more extreme ATH levels, where market euphoria is likely at its peak, estimates place HYPE as high as $2,633. This would represent a gain of about 42x from current prices, underscoring the scale of the cryptocurrency’s potential upside. Competition Intensifies As HYPE Captures More ETF Inflows Than ETH Before recording an ATH, Hyperliquid has been strengthening its market position as capital continues to rotate away from major legacy assets like Bitcoin and Ethereum toward newer, high-growth protocols. HYPE’s recent performance reflects both rising adoption of its DEX platform and a broader shift in liquidity across the crypto sector. Related Reading: Dogecoin, ASTER, And HYPE: Large Token Unlocks Investors Should Be Aware Of A key driver behind the bullish momentum was the launch of spot HYPE ETFs by investment management firms Bitwise and 21Shares in May. The products have attracted millions of dollars in inflows, underscoring steady institutional demand for HYPE amid heightened derivatives activity. Earlier in the year, market volatility linked to the US-Iran war triggered record perpetual futures volume on Hyperliquid, pushing activity on the platform to new highs. Liquidity conditions also improved after Coinbase, the world’s largest crypto exchange, became the official USDC provider on Hyperliquid. Against this backdrop, Ethereum dominance is waning significantly. The cryptocurrency’s price has struggled to maintain momentum, falling roughly 30% year-to-date. ETF flow data reflects this shift, with about $1 billion exiting Bitcoin and Ethereum products while XRP and HYPE funds recorded about $94 million in combined inflows. Featured image from Medium, chart from Tradingview.com
Hyperliquid is increasingly evolving from a high-performance trading platform into a foundational layer of crypto’s financial infrastructure. What began as a decentralized perpetual futures exchange has expanded into a broader ecosystem that attracts traders, liquidity providers, builders, and capital at a growing scale. As activity across the platform increases, market participants view Hyperliquid as a core venue for a significant portion of on-chain financial activity. How Hyperliquid’s Evolution Extends Beyond A Trading Platform Hyperliquid is steadily evolving beyond a trading platform and into a full-scale financial supercenter of the crypto economy. According to the Delphi Digital post on X, the protocol is increasingly consolidating functions that traditional finance (Tradfi) typically separates among brokers, exchanges, and custodians into a single on-chain venue. Related Reading: Hyperliquid (HYPE) Could See Prices Reach $190 In Optimistic Market Capture Scenario At the core of this evolution is HIP-4, a feature that introduces outcome-based trading, allowing users to express views that perpetual futures cannot capture. A trader going long on Bitcoin in the Consumer Price Index (CPI) can be right about the number and still lose on the price reaction, and binary pay on the outcome. The direct fees generated by HIP-4 represent only a small share compared to the trade flow already accumulated in Hyperliquid. At the expected volumes, HIP-4 contributes roughly $25 million against Hyperliquid’s $636 million run rate. Delphi Digital argues that the capital that would typically rotate out for event views to other platforms now remains in Hyperliquid, reinforcing its liquidity. Circle’s USDC sitting in the venue is currently generating treasury yield, with 90% of it recycled back into HYPE buybacks. Additionally, HIP-4 has also changed what vaults can run, and on-chain vaults have been limited to two linear instruments that can be expressed. However, outcome contracts introduce a powerful third instrument that pays directly on the event outcomes while netting against traditional directional position. With this added flexibility, vault creators can now build more sophisticated, event-driven strategies that hedge, and every trade that remains in the venue powers the flywheel. New All-Time High Reinforces Hyperliquid’s Market Leadership Hyperliquid is being viewed as a leading indicator for broader altcoin momentum. The CIO and founder of MNFund and MNCapital_vc, Michaël van de Poppe, noted that HYPE has repeatedly demonstrated an ability to move ahead of the rest of the market, often acting as an early signal that risk appetite is returning to digital assets. Related Reading: Hyperliquid Flips Solana By FDV As ‘Revenue Chains’ Race Heats Up In previous market cycles, strong momentum in HYPE has frequently been followed by broader strength across altcoins, making the asset a key indicator that many traders now monitor closely. However, with HYPE recently pushing toward a new all-time high in one of the strongest moves seen in the market for a long time, it shows there is an appetite for altcoins. Featured image from Medium, chart from Tradingview.com
Russia’s Moscow Exchange (MOEX) will begin publishing four new cryptocurrency indexes — tracking Solana, XRP, TRON, and BNB — starting May 13, 2026, marking the first time the country’s leading securities exchange has extended its regulated crypto benchmark suite beyond Bitcoin and Ethereum. Related Reading: Iran Launches Missiles At UAE — Bitcoin Price Barely Blinks The development, first reported by Russian crypto outlet bits.media and confirmed by Wu Blockchain, represents the second phase of what MOEX has framed as a longer-term buildout of its digital asset infrastructure. Russia’s Largest Securities Exchange to Launch SOL, XRP, TRX and BNB Crypto Indexes The Moscow Exchange will begin publishing four crypto indexes tracking SOL, XRP, TRX and BNB from May 13, using pricing data from Binance (50%), Bybit (20%), OKX (15%) and Bitget (15%). Existing… pic.twitter.com/SIUCvugd4D — Wu Blockchain (@WuBlockchain) May 5, 2026 The exchange launched its Bitcoin index (MOEXBTC) in June 2025 and its Ethereum index (MOEXETH) in October 2025. The four new benchmarks — Solana (MOEXSOL), XRP (MOEXXRP), TRON (MOEXTRX), and Binance Coin (MOEXBNB) — follow the same architectural model, with index values updated every 15 seconds during trading hours. How The Indexes Are Built: Solana, TRON, XRP According to the report, the four new indexes will calculate prices using a weighted blend of data from major global exchanges: Binance at 50%, Bybit at 20%, OKX at 15%, and Bitget at 15%. All products will be restricted to qualified professional investors under Bank of Russia regulations and structured as cash-settled instruments, meaning no physical delivery of the underlying cryptocurrency is involved. Futures contracts tied to each new index are expected to follow once sufficient price history has been established — mirroring the path taken by MOEX’s existing BTC and ETH futures products. Dogecoin And Cardano Could Be Next MOEX has stated its intention to grow its total crypto index count to at least 10 assets over time, including Hyperliquid (HYPE). Also, Dogecoin and Cardano have been cited as likely candidates for future additions, suggesting May 13 marks an expansion phase rather than a ceiling. The broader regulatory environment is also moving in tandem. A digital asset bill currently under review in Russia’s State Duma is expected to be finalized by mid-2026. If passed, the framework could allow limited retail participation in crypto-linked instruments under an annual cap of approximately $4,000 — a significant opening for a market currently accessible only to qualified investors. A Signal For The Broader Sector This development marks a pivotal moment for the nascent sector’s global footprint, especially for Solana, TRON, and XRP. As regulated financial products tied to altcoins — indexes, futures, and eventually options — gain traction across exchanges from Moscow to Chicago, the case for digital assets as a legitimate institutional asset class continues to strengthen. Each new market that formalizes crypto exposure within its regulated infrastructure adds another layer of structural demand to the ecosystem, a dynamic that could increasingly influence price discovery and liquidity for top-tier altcoins worldwide. Related Reading: Why is Crypto Up Today? Bitcoin Price Faces ‘Real Test’ At This Key Level As of this writing, Solana trades at around $147, XRP at $2.11, TRON at $0.26, and BNB at approximately $598, with all four assets set to gain dedicated regulated exposure on one of Eastern Europe’s largest exchanges within the week. SOL's price trends sideways on the daily chart. Source: SOLUSD on Tradingview Cover image by Grok, SOLUSD chart on Tradingview
Bullish sentiment towards Hyperliquid is again on the rise, with crypto whales accumulating the perp DEX token. The first HYPE ETF in the U.S. could launch soon, which is also contributing to this bullish sentiment. Why Bullish Sentiment Towards Hyperliquid Is On The Rise Crypto whales are again massively accumulating Hyperliquid, which has sparked the bullish sentiment towards the perp DEX token. In an X post, on-chain analytics platform Lookonchain revealed that BitMEX co-founder Arthur Hayes bought 26,022 HYPE, worth $1.1 million again, after nearly 3 months. Related Reading: Here’s Why The Hyperliquid Price Is Exploding Again Hayes is one of many crypto whales Lookonchain has flagged as currently buying HYPE. The platform revealed that a particular whale had deposited 7.86 million USDC into Hyperliquid to buy 200,042 HYPE. Another whale, Cooker, also bought 50,751 HYPE for $1.99 million at an average price of $38.5. Such massive accumulation among crypto whales typically precedes a price surge for Hyperliquid. It is worth noting that the HYPE price is already up amid this accumulation wave, up over 12% in the last week. The perp DEX token has reclaimed the key $40 level and is now eyeing new local highs. Interestingly, Hayes has predicted that Hyperliquid could reach $150 by August. He stated that this could happen as the HIP-3 markets continue to generate record fees for the perp DEX. The DEX has seen greater adoption since the U.S.-Iran war began, as traders can trade commodities such as oil on HIP-3. DeFiLlama data shows that Hyperliquid currently ranks among the crypto protocols generating the most fees. This is bullish for HYPE because a majority of these fees go into buybacks, which could spark significant rallies for the token. An HYPE ETF Is On The Horizon Bitwise has filed an amended registration statement for its Hyperliquid ETF, with the fund set to trade under the ticker ‘BHYP.’ The asset manager also set a management fee of 0.67% for the fund. Meanwhile, it listed market makers FalconX, Flowdesk, Nonco, and Wintermute as approved trading counterparties. Related Reading: XRP, HBAR, And Litecoin: Pundit Highlights Coins To Watch In 2026 Bloomberg analyst Eric Balchunas noted that the filing indicates that the fund could launch soon, a development that is also bullish for Hyperliquid. The fund is expected to attract new inflows into the HYPE ecosystem as institutional investors gain exposure to the HYPE token through this ETF. Grayscale and 21shares have also filed to launch a Hyperliquid ETF, which is also bullish for the HYPE price. Balchunas noted that Bitwise may be looking to launch its HYPE ETF soon, given strong interest in HYPE, which is up 200% over the last year. At the time of writing, the Hyperliquid price is trading at around $42, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com
Hyperliquid just launched options trading on its PURR common stock on the Nasdaq Options Market. Related Reading: 3 Big Hyperliquid News You Might Have Missed This Week Yet Another Milestone For Hyperliquid Across the bloc, one question resonates amongst traders, users and onlookers of the crypto space alike: how far can Hyperliquid actually go? The once-underdog now-leading perp DEX reaches for the stars as NewsBTC’s most recent piece recapping Hyperliquid latest achievements already needs updating. Hyperliquid’s treasury firm Hyperliquid Strategies Inc. (HSI) announced on Tuesday that it has rolled out options trading on its PURR common shares on the Nasdaq Options Market. PURR live on Nasdaq today. The main goals of the launch, as stated by the company’s press release, are to enhance liquidity and price discovery for PURR, give both institutional and retail investors new tools to hedge, express directional views, and run more sophisticated equity‑options strategies around this proxy for the Hyperliquid ecosystem. David Schamis, CEO of Hyperliquid Strategies Inc, frames this new venture as a “major milestone for the Company”. He believes there wasn’t a better timeline to launch options trading on PURR: from its record-breaking oil perps to fiat on-ramp adoption, HIP-3 markets hitting new all-time highs and even surpassing some major CEX’s derivatives volume, Hyperliquid sits in the spotlight of the crypto market recently. “As Hyperliquid continues to dominate headlines with record-breaking oil perpetuals and surging Real-World Asset (RWA) adoption, we believe this is a great time to launch options trading on PURR. PURR options allow our investors to better manage risk and participate in the rapid growth of Hyperliquid’s high-performance ecosystem” HSI’s business model centers on a digital asset treasury platform that builds exposure to HYPE, Hyperliquid’s native token, through staking, yield strategies, and active participation in the ecosystem, all with the goal of maximizing shareholder value. Hyperliquid is straight-up DOMINATING the perpetuals game Its 24-hour open interest just smashed nearly $7B, that’s almost 4x Aster’s. Hyperliquid isn’t just leading… it’s leaving everyone else in the dust https://t.co/wkej3l47Yt pic.twitter.com/SZbqDhkdvo — Hyperliquid Daily (@HYPERDailyTK) March 25, 2026 What PURR Option Traders Should Look For PURR effectively gives traditional market participants listed‑equity exposure to HYPE and the Hyperliquid ecosystem without touching on‑chain infrastructure directly, which is why options on PURR are being pitched as “capital‑efficient exposure” to HYPE. Moreso, equity options can amplify flows around a crypto‑linked treasury stock through more hedging demand from HSI shareholders, potential volatility sellers and buyers that care more about HYPE fundamentals than about PURR as a standalone name, and the possibility of options‑driven feedback loops in the underlying. Related Reading: Breaking News: Circle (CRCL) Crashes Below $100 After Senate Revises Crypto Bill To Ban Stablecoin Rewards Bitcoin Holds $70K – Is The High‑Beta Era Over? For traders, the key dials to watch now are options volume and open interest in PURR as a tell on institutional positioning, implied volatility as a snapshot of how confident the market really is in Hyperliquid’s growth story, and any spike in correlation between PURR, HYPE, and on‑chain activity on the Hyperliquid DEX, which can flag when equity, token, and protocol flows are all starting to move in the same direction HYPE's price is on a growing trend, trading for $41 on the daily chart. Source: HYPEUSDT on Tradingview Cover image from Perplexity, HYPEUSDT chart from Tradingview
Prominent asset manager Grayscale has moved to launch a HYPE exchange-traded fund (ETF) following a recent application with the SEC. This development means Grayscale joins a list of growing asset managers with the intention to add an HYPE fund to their portfolio. Related Reading: Bitcoin Just Got A $1 Million Nudge, But Will Morgan Stanley’s MSBT ETF Really Move The Needle? About The Grayscale HYPE ETF According to filings on March 20, Grayscale has now submitted an S-1 registration form for the Grayscale HYPE ETF with the US Securities and Exchange Commission (SEC). The proposed fund is expected to trade on the NASDAQ exchange under the GHYP symbol. For context, HYPE represents the native token of Hyperliquid, a layer one blockchain designed to enhance the efficiency of decentralized finance applications. One prominent feature of Hyperliquid is its ability to facilitate direct perpetual futures trading, eliminating the need for gas fees in transactions. Hyperliquid was launched in 2023, with HYPE token making its debut in 2024. Since then, the altcoin has experienced impressive traction, resulting in a market cap of $10.23 billion, making it the 10th largest cryptocurrency in the world, according to data from CoinMarketCap. In relation to the Grayscale HYPE ETF, Delaware Trust Company will be the designated trustee, while the Bank of New York Mellon is the transfer agent, and will serve alongside the co-transfer agent Continental Stock Transfer & Trust Company. In addition, the Coinbase Custody Trust LLC will serve as custodian of the fund, as practiced with other Grayscale ETFs. The fund’s prospectus also states there is the possibility of engaging in staking in the future. However, this would only occur after the staking condition has been satisfied. Alongside Grayscale, other asset managers looking to launch a HYPE ETF include 21Shares and Bitwise. Notably, the SEC under Chairman Paul Atkins has been granting approval to a series of crypto-related ETFs in line with advancing President Donald Trump’s pro-crypto agenda. This includes spot ETFs related to XRP, Solana, Dogecoin, Chainlink, Avalanche, and Litecoin. Related Reading: XRP Still In Danger Zone Without This Key Breakout: Analyst HYPE Price Overview At the time of writing, HYPE is trading at $39.44 after a minor 1.18% decline in 24 hours. Meanwhile, altcoin has recorded a 38.29% gain in the last month, emerging as one of the standout performers in the crypto market. Notably, Coincodex analysts predict HYPE is positioned to hit a $88.34 price by year’s end, representing 124.11% gain on present market prices. Featured image from Hyperliquid, chart from Tradingview
Hyperliquid oil-linked perps cleared over $1 billion as crude spikes toward $100 dollars amid Middle East turmoil. Hyperliquid: “The Place To Be” As we reported this past Monday, Hyperliquid continues to cement its reputation as “the room where it happens” for a new class of traders that are turning into Hyperliquid’s tokenized oil perpetuals, as well to metals and other “essential assets”. In a post on the social network X this Thursday morning, Hyperliquid’s official account announced that the trading of Real World Assets (RWA) on the platform continues to break records, as it’s now “surpassing $1.3B in open interest and $1.4B in weekend volume”. As stated on Monday, this times of extreme geopolitical chaos seem to finally have outgrown TradFi, as traders search for alternatives to act as fast as their unrest demands: Hyperliquid is always available, even while legacy futures markets close for the weekend. Over the past 2 weeks, RWA trading on Hyperliquid has repeatedly broken records, surpassing $1.3B in open interest and $1.4B in weekend volume. When traditional markets are closed, Hyperliquid is the premier venue for 24/7 price discovery on oil, metals, indices, and other… — Hyperliquid (@HyperliquidX) March 12, 2026 The structural advantages of a DEX like Hyperliquid are unmatchable when rapidly changing circumstances prompt equally volatile feelings: 24/7 access, permissionless HIP‑3 listings, and the ability to size into oil, gold, and equity index perps without going through a broker. Related Reading: Bitcoin Price Holds Near $70K As Markets Brace For Key Event The Rise Of HYPE Hyperliquid’s native token, $HYPE, has been rallying alongside the oil: HYPE saw a surge of over 8% over the past 24 hours, reaching $37 dollars, a big improvement from previously sinking nearly below 50% of its past September high. This surge aligns with BitMEX co-founder Arthur Hayes predictions. On March 9, Hayes shared an essay on his Substack arguing why he believes that $HYPE is going to $150 by August 2026. The piece, titled “$HYPE Man”, frames Hyperliquid as the standout exchange‑token play for a volatile 2026 because it monetizes trading activity regardless of market direction. Hyperliquid is one of the largest fee‑generating protocols in crypto, and Hayes argues that roughly most of those fees are routed back to HYPE through buybacks and burns, turning the token into a direct bet on on-chain derivatives revenue. Related Reading: Bitcoin Price Holds Near $70K As Markets Brace For Key Event Hayes believes that, assuming revenue climbs back toward peak levels and the market is willing to rerate Hyperliquid to a higher earnings multiple that still sits below some listed TradFi exchanges, $HYPE could go around the $150 by mid‑2026. In his view, growth in macro‑linked products like oil and gold, listed through HIP‑3, are central to this upside, since more war‑driven oil flow on Hyperliquid means more protocol fees and a stronger buyback engine for HYPE. My essay on why $HYPE is going to $150 by August 2026. https://t.co/M1la2HpdzT — Arthur Hayes (@CryptoHayes) March 9, 2026 The Iran war, tanker incidents, and supply fears are reviving the classic “oil shock” playbook just as DeFi venues like Hyperliquid make commodity risk tradable via tokens. If conflict and energy shocks persist, tokenised oil on Hyperliquid could increasingly shape sentiment and pricing across both DeFi and TradFi. HYPE'S price trends to the upside on the daily chart. Source: HYPEUSDT on Tradingview Cover image from Perplexity, HYPEUSDT chart from Tradingview
HYPE, the price ticker often used for the Hyperliquid ecosystem token (HYPE), has been under pressure in recent sessions as broader market weakness intersects with profit-taking and technical sell signals. Related Reading: Bitcoin Giant Awakens: 2,043 BTC Moved After 7-Year Slumber While on-chain activity and exchange metrics point to growing market share for the Hyperliquid decentralized exchange (DEX), the token’s price has dipped toward critical support levels, prompting questions about whether $25 can hold as a floor. HYPE's price moving sideways following an uptick on the daily chart. Source: HYPEUSD on Tradingview HYPE Price Weakness Meets Broader Market Trends As of the latest data, Hyperliquid (HYPE) is trading around $28.6, down from recent highs and roughly 51% below its all-time peak recorded in September 2025. The 24-hour trading volume remains elevated at over $285 million, suggesting active participation even amid the decline. In the short term, technical indicators have shown bearish momentum, with resistance forming above current levels and support zones near $24–$26, making this range a focus for traders gauging near-term risk. Investors have pointed to leverage flushes and large position liquidations as catalysts for downward pressure in recent sessions. Earlier reports flagged concentrated selling from leveraged casts that sent ripples through perp markets, contributing to price swings across derivatives tokens, including HYPE. DEX Growth and Exchange Share Gains Despite price softness, fundamental usage metrics for the Hyperliquid protocol tell a different story. Across 2025, Hyperliquid’s notional trading volume reached approximately $2.6 trillion, nearly double the $1.4 trillion processed by Coinbase, one of the largest centralized exchanges, according to analytics firm Artemis. The significant growth in the trading volume suggests that traders are increasingly allocating activity to on-chain venues, particularly those offering decentralized perpetual futures. Further supporting this trend, Hyperliquid’s permissionless perpetual markets (HIP-3) recorded a $5.2 billion daily trading volume, driven in large part by precious metal contracts such as silver. What’s Next for Hyperliquid’s Support Levels? The juxtaposition of strong underlying volume and a weakening token price underscores the complexity of the current selloff. If selling pressure persists, the $25–$26 zone will be critical to watch; a breach could expose lower support near $22. Conversely, stabilization above this range could shift sentiment toward accumulation, especially if broader market conditions improve. Related Reading: BlockTower’s Ari Paul: Bitcoin May Never Hit Another All-Time High In a market where exchange usage and on-chain activity are becoming as important as price alone, HYPEUSD’s ability to consolidate at key levels may prove decisive for its next directional. Cover image from ChatGPT, HYPEUSD chart on Tradingview
A volatile trading session on February 5 offered a clear example of how quickly narratives can diverge in the crypto market. While most large-cap assets moved lower amid regulatory uncertainty and heavy liquidations, Hyperliquid’s HYPE has posted a 6.2% gain following news of its integration with Ripple’s ecosystem. Related Reading: Bitcoin Crash To $72,000 Signals Major Reset: On-Chain Metrics Deteriorate At the same time, XRP extended its decline by 10%, weighed down by broader market pressure rather than project-specific developments. The contrast underlined how selective optimism can emerge even during a broad sell-off, especially when tied to infrastructure upgrades or ecosystem expansion. HYPE's price trends to the downside on the daily chart after recording some gains. Source: HYPEUSD on Tradingview HYPE Rallies After Ripple Integration Hyperliquid’s price moved higher, up 4.23%, after confirmation that the platform had integrated Ripple’s technology stack, a step aimed at improving interoperability and settlement efficiency. Market participants appeared to interpret the move as a practical enhancement rather than a speculative announcement, helping HYPE outperform a largely bearish market. The rally came despite worsening sentiment across the sector. Bitcoin traded near $71,000 after a sharp pullback, and total crypto market capitalization fell more than 6% on the day. Against that backdrop, HYPE’s gains stood out as traders rotated into assets linked to near-term network developments rather than macro-driven trades. While trading volumes in HYPE increased following the announcement, the move remained relatively contained, suggesting measured positioning rather than a surge of speculative leverage. XRP Slips as Market Weakness Dominates XRP, by contrast, declined alongside other major altcoins. The token fell close to 11% over 24 hours, tracking losses in Ethereum, Solana, and BNB as risk appetite faded. The drop occurred even as Ripple-related developments supported other parts of the ecosystem, underscoring how broader market conditions continue to outweigh individual catalysts for large-cap tokens. The sell-off was amplified by derivatives activity. Falling open interest and a rise in forced liquidations across centralized exchanges added to downside momentum, particularly for assets with high leverage exposure. XRP’s move appeared more sentiment-driven than fundamental, reflecting the day’s defensive tone. Broader Market Context Remains Fragile The divergence between HYPE and XRP played out as investors reacted to stalled discussions around a US crypto market structure bill and ongoing debates over stablecoin regulation. These issues contributed to a spike in volatility and more than $800 million in liquidations, mostly from long positions. Meanwhile, institutional positioning continued to shift. Grayscale’s recent decision to remove Cardano from its CoinDesk Crypto 5 ETF in favor of BNB reinforced the focus on liquidity and market depth, a theme that continues to shape capital flows. Related Reading: Are We Near A Bitcoin Bear Market Bottom? History Offers A Framework Hyperliquid’s rally indicates that targeted integrations continue to attract interest, despite weakness in the wider crypto market. Its durability, however, will depend on genuine adoption rather than sentiment alone. Cover image from ChatGPT, HYPEUSD chart on Tradingview
The Hyperliquid price is seeing renewed bullish momentum, recording double gains over the last week and bucking the broader crypto market downtrend. This comes thanks to bullish fundamentals in the token’s ecosystem, including a rise in open interest on the decentralized exchange (DEX). Why The Hyperliquid Price Is Rising The Hyperliquid price is up over 58% in the last seven days, outpacing the broader crypto market as Bitcoin trades just below the psychological $90,000 level. This price surge has come on the back of a rise in Hyperliquid’s HIP-3 open interest. The DEX announced in an X post that open interest reached an all-time high of $790 million, driven recently by a surge in commodities trading. Related Reading: XRP, HBAR, And Litecoin: Pundit Highlights Coins To Watch In 2026 The exchange added that HIP-3’s open interest has been hitting new all-time highs each week, after being just $260 million a month ago. HIP-3 enables anyone to launch a custom perpetual market for crypto, commodities such as gold and silver, and other assets such as stocks. Thanks to this upgrade, the DEX is seeing increased trading activity, which has led to a surge in the Hyperliquid price. Notably, the Hyperliquid price has benefited from the precious metals boom, with the silver perpetuals market on the DEX seeing massive trading activity. CoinGecko data shows that the Silver perpetuals market is the third-largest traded in the last 24 hours, behind Bitcoin and Ethereum, with a trading volume of just over $1 billion. In an X post, Hyperliquid’s co-founder Jeff Yan noted that the DEX has achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. This came as he highlighted the order books for BTC perps on Binance and his DEX. He added that Hyperliquid has also grown to become the most liquid venue for perps on traditional-finance (TradFi) assets. Little Selling Pressure And Huge Buying Pressure For HYPE In an X post, Hyperliquid stakeholder Henrik noted that the Hyperliquid price is also rising as major selling pressure is gone. On the other hand, HYPE is seeing significant demand, including from digital asset treasuring companies such as Hyperliquid Strategies. He further highlighted the imminent Kraken HYPE listing, which is also bullish for the token. Meanwhile, Henrik stated that Hyperliquid dominates all trading metrics, including volume and open interest. Related Reading: Here’s Why The Bitcoin, Ethereum, And Solana Prices Are Still Crashing Hard The increase in the DEX’s trading activity is also significant and bullish for the Hyperliquid price, as the majority of fees earned on the protocol are directed to the Assistance Fund, which is used to buy back HYPE tokens on the open market. DeFiLlama data shows that the DEX is currently among the top five protocols by fees generated over the last 24 hours. At the time of writing, the Hyperliquid price is at around $34, up over 27% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com
Hyperliquid’s native token, HYPE, is staging a surprisingly strong recovery just hours after the platform recorded one of the largest liquidation events in crypto history. Related Reading: 4 Bitcoin Indicators That Led To Market Rallies In The Last 2 Years Have Returned According to CoinGlass data, a massive $96.5 million BTC-USD perpetual contract liquidation hit Hyperliquid late Monday, part of a broader market washout that wiped out over 164,000 traders and triggered $814 million in total liquidations across exchanges. HYPE's price records some gains on the daily chart. Source: HYPEUSD on Tradingview Despite the carnage, Hyperliquid price has surged by 6% in the past 24 hours, climbing back above $41 on Tuesday and extending the rebound that began after defending the critical $36.51 support level last week. Whale Accumulation, Rising OI, and Strengthening On-Chain Metrics A wave of bullish catalysts is supporting the Hypeliquid price rebound. CryptoQuant data shows increasing whale activity, with large wallets steadily accumulating during recent dips. Exchange outflows have increased, active large addresses are expanding, and the average transaction size continues to rise. On the derivatives side, sentiment has clearly flipped. Coinglass reports that HYPE’s OI-weighted funding rate turned positive, hitting 0.026%, signaling that long traders are now paying shorts, an indication of bullish conviction. Open interest has also increased from $1.52B to $1.71B, indicating new capital entering the market and reinforcing upward momentum. Across pairs, HYPE is outperforming majors including BTC, ETH, SOL, and BNB, with analysts noting strong higher-lows structures developing on multiple charts. This relative strength suggests capital rotation is leaning toward Hyperliquid even as the broader crypto market cools. Technical Structure Points Hyperliquid Price Breakout Target at $48–$54 From a technical standpoint, the Hyperliquid price is consolidating within a symmetrical triangle, with the price being squeezed between rising support and descending resistance. Each compression cycle has produced higher lows, evidence that buyers are quietly gaining control. Momentum indicators echo this shift. The RSI has climbed to 48 and is turning upward toward neutral territory, while MACD histogram bars are shrinking, indicating fading bearish pressure. If the Hyperliquid price breaks above the $40–$41 diagonal resistance, analysts see a clear path toward the $44.48 zone. A confirmed breakout from the symmetrical triangle could then open the door to mid-range targets at $48 and $54, aligning with predictions from multiple market analysts tracking the ongoing consolidation. Related Reading: Bitcoin’s Drop Under $90K Sparks Bold Claims From Crypto Execs: ‘This Is A Generational Opportunity’ With whale accumulation rising, market structure tightening, and community sentiment firmly bullish, HYPE stands out as one of the few assets maintaining coordinated strength during a period of market-wide uncertainty. Cover image from ChatGPT, HYPEUSD chart from Tradingview
The HYPE price has rebounded sharply, recovering from recent volatility that saw a $44 million whale liquidation earlier this week, which rattled traders. After plunging to around $36, the HYPE price surged over 7% in the past 24 hours, now trading around $40 as bullish sentiment returns. Related Reading: 84% Of XRP Sell Pressure Comes From Korea As $2 Looms, Analyst Warns The rally follows its landmark listings on Binance and Coinbase, a move that has sparked renewed confidence in the fast-rising DeFi Layer 1 network. According to on-chain data from Coinglass, funding rates have flipped positive while whale accumulation has increased. Analysts suggest the next HYPE price target could be the $51.15 resistance level if buying pressure continues, with RSI levels slowly trending toward neutrality after oversold readings. The comeback supports Hyperliquid’s resilience despite high-leverage trading risks exposed by the whale’s massive loss. Binance and Coinbase Listings Spark Institutional Momentum The simultaneous listings of HYPE on Binance and Coinbase have been pivotal for the recovery. Both exchanges introduced major trading pairs like HYPE/USDT and HYPE/BTC, dramatically improving global liquidity and accessibility. This dual-listing marks Hyperliquid’s official transition from a niche derivatives protocol into a mainstream DeFi contender, attracting both institutional and retail traders. Institutional interest has also accelerated following reports that BlackRock and Fidelity are exploring integrations of Hyperliquid’s oracle feeds into upcoming ETF products. Although no official confirmation has been issued, analysts view this as strong validation of Hyperliquid’s underlying technology, which is known for its sub-millisecond transaction speeds and hybrid consensus that combines proof-of-stake with zero-knowledge proofs. Technical Outlook: Signs of a Broader HYPE Price Revival Technically, the HYPE price structure is showing early signs of recovery after testing key support around the 200-day EMA, near $38. If momentum holds, analysts expect a push toward $51.15, where the next major resistance sits. HYPE's price records small profits on the daily chart. Source: HYPEUSD on Tradingview Meanwhile, daily active addresses have doubled in the past week, and Hyperliquid’s total value locked (TVL) has climbed over 150% since late October, evidence of sustained ecosystem growth. Related Reading: Valuation Model That Puts XRP Price Above $18,000 Stuns Community With funding rates turning positive and exchange inflows rising, traders anticipate that HYPE may regain its prior highs sooner than expected. While the whale’s $44 million loss remains a cautionary tale of leverage gone wrong, the market’s swift rebound suggests confidence in a further HYPE price surge. Cover image from ChatGPT, HYPEUSD chart from Tradingview
Bitget Wallet’s integration with HyperEVM, the Ethereum-compatible smart contract layer powering the Hyperliquid Layer-1 blockchain, has ignited strong momentum across the DeFi sector. Related Reading: Dogecoin Whales Quietly Accumulate Over 320 Million Coins — What’s Coming Next? The update expands Bitget’s reach to over 80 million users, granting seamless access to Hyperliquid’s deep onchain liquidity, programmable finance features, and cross-chain transfers. The move effectively transforms Bitget Wallet into a major gateway for $HYPE token utilities, staking, and governance. With Hyperliquid’s Total Value Locked (TVL) now surpassing $5 billion, the Layer-1 network continues to attract institutional capital and DeFi builders, strengthening its status among top-performing decentralized platforms. HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview Hyperliquid (HYPE) Price Action: Bulls Eye a $50 Breakout After a stunning 110% rebound since mid-October, Hyperliquid (HYPE) is trading around $47–$49, nearing its all-time high of $59. The bullish structure follows a breakout from a descending wedge pattern, supported by surging on-chain volume and staking rewards totaling over $90 million this month. Technical indicators reveal a classic bull flag formation, with analysts projecting a breakout toward the $52–$55 zone if momentum holds above $48. The Money Flow Index (MFI) remains elevated at 63, indicating continued inflows and sustained investor confidence. However, failure to clear resistance could trigger short-term retracement toward $44 support before the next leg up. Buybacks and On-Chain Revenue Fuel Long-Term Strength Beyond price action, Hyperliquid’s fundamentals remain strong. The project generated over $111 million in fees over the past 30 days, ranking third among all DeFi protocols by revenue. Its new $644 million Assistance Fund Buyback program is reducing circulating supply, now 336 million HYPE, providing strong tokenomic support for long-term holders. Meanwhile, the HIP-3 upgrade, which allows new perpetual markets through staked HYPE, is drawing institutional builders and tokenized futures products. With $1.5 trillion in cumulative trading volume and dominance in decentralized derivatives, Hyperliquid’s ecosystem continues to expand even amid growing competition from Binance-backed Aster. Related Reading: Bitcoin Poised For New Run Beyond $125,000? Nasdaq’s Record Recalls 2021 BTC Pattern If bullish momentum persists and HyperEVM adoption accelerates, analysts suggest HYPE could reclaim $55 and test new highs above $60 in the coming weeks, cementing Hyperliquid’s reputation as one of DeFi’s most profitable and innovative ecosystems. Cover image from ChatGPT, HYPEUSD chart from Tradingview
HYPE has reignited bullish sentiment across the crypto market after a sharp 11.91% daily surge pushed the Hyperliquid price above the 200-day simple moving average (SMA) to $39.02. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions The rally follows renewed investor optimism fueled by institutional participation and aggressive whale activity. Traders are now watching the $41.76 resistance level, a breakout point that could confirm a full trend reversal. Having reclaimed the key 61.8% Fibonacci level at $35.84, the Hyperliquid price is showing resilience amid broader market volatility, with volume spikes reflecting rising demand for exposure ahead of upcoming corporate milestones. $1B Fundraising and Public Listing Plans Spark Institutional Excitement The catalyst behind the rally stems from Hyperliquid Strategies Inc.’s recent S-1 filing with the U.S. Securities and Exchange Commission (SEC), detailing plans to raise up to $1 billion through a 160 million-share public offering. The funds are set to support ecosystem expansion and HYPE token accumulation, further bridging decentralized finance (DeFi) with traditional markets. The entity, formed from a merger between Nasdaq-listed Sonnet BioTherapeutics and Rorschach I LLC, intends to become a publicly traded crypto treasury management firm under the Hyperliquid umbrella. Analysts see this move as a major step toward institutional legitimacy, with parts of the proceeds earmarked for token buybacks and staking operations. HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview How the Developments Will Affect the Hyperliquid Price The merger and $1 billion fundraising are expected to drive a lasting bullish impact on the Hyperliquid price. Confidence is already rising as the token climbs above key resistance levels, signaling growing institutional trust ahead of the planned Nasdaq listing. With open interest peaking above $2 billion, traders anticipate continued upside as whales accumulate leveraged longs. Buyback and staking plans may further tighten supply, supporting upward pressure on the Hyperliquid price. Related Reading: Last-Ever Bitcoin Dip Below $100,000 Looms This Week, Standard Chartered Warns A decisive close above $41.76 could confirm a new rally phase, positioning Hyperliquid as a leading bridge between DeFi and traditional finance. Cover image from ChatGPT, HYPEUSD chart from Tradingview
Hyperliquid (HYPE) extended its pullback for a fifth straight session on Tuesday, sliding about 6% intraday to the $45–$46 zone after a sharp rejection at a reclaimed trendline. Related Reading: Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000 While near-term momentum has flipped bearish, several on-chain and market-structure cues still point to a potential rebound toward $55–$60 if buyers can quickly stabilize the price above key supports. Derivatives Tilt Bearish, but Spot Holds the Line Futures positioning has swung defensively, and according to Coinglass, the long-to-short ratio slipped to 0.80, its lowest in over a month, signaling traders are leaning short into weakness. Momentum indicators echo the caution, daily RSI near 45 sits below the neutral 50 line, and MACD registered a bearish cross, both consistent with cooling trend strength. Technically, HYPE failed a back-test of a broken ascending trendline and bled nearly 7% from Friday to Monday, with charts flagging $39–$40 as the next major support if selling accelerates. On the upside, $51–$52 is first resistance, where bulls likely meet clustered supply from recent breakdown levels. Why Hyperliquid (HYPE) Bulls Still See $55–$60 on the Table Despite the red prints, spot activity remains constructive. Hyperliquid has been defending the mid-$40s repeatedly, and prior consolidations above $45–$47 have preceded strong continuation moves. HYPE's price trends to the downside on the daily chart. Source: HYPEUSD on Tradingview Under the hood, token staking north of 660,000 HYPE ($30million) plus systematic buybacks are reducing circulating supply, creating a supportive backdrop when demand returns. Meanwhile, protocol fee revenue around $3million/day underscores durable usage even as new perp-DEX competitors court volume with incentives. Community and analyst “fair-value” chatter continues to cluster around $55–$60, suggesting sentiment will likely flip quickly if price reclaims the short-term breakdown area. Price Levels and Trade Map for the Week The immediate trading point sits in $44–$49. A daily close back above $49 would neutralize the breakdown and open $52, then $55–$60 as momentum targets. Failure to hold $46–$47 invites a retest of $44, with a deeper flush risking the $39–$40 demand zone where dip-buyers may step in. Market internals to watch: if funding stays orderly, liquidations remain contained, and spot-led buying outpaces leveraged shorts, the probability of a V-shaped recovery rises. Related Reading: Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next Macro context matters too. Perp-DEX market share is expanding industry-wide, and while rivals (e.g., Aster) have temporarily siphoned volumes, Hyperliquid still commands strong open interest and fee traction, key indicators of stickier liquidity. Cover image from ChatGPT, HYPEUSD chart from Tradingview
Hyperliquid’s native token, HYPE, extended its rally on Thursday, jumping over 8% to trade near $58.77. The move comes after rebounding from its earlier record of $57.40 and places the token just shy of the crucial $60 psychological barrier. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Driving this surge is the successful integration of USDC and Circle’s Cross-Chain Transfer Protocol (CCTP V2), now live on Hyperliquid’s Ethereum Virtual Machine (EVM). The upgrade enhances liquidity and security across HyperCore and HyperEVM applications, facilitating faster and smoother deposits for DeFi users. Analysts suggest this milestone could attract institutional traders, boosting HYPE’s long-term adoption. Record Revenue Strengthens Investor Confidence Beyond price action, Hyperliquid’s fundamentals are equally impressive. According to Artemis Terminal, the network generated $2.5 million in fees in a single day, surpassing industry leaders like Ethereum and Solana. A Reflexivity Research report confirmed that Q3 was Hyperliquid’s strongest quarter yet, with total fees reaching $250.45 million, net income to token holders amounting to $243.59 million, and a team size of just 11 members. This lean but high-performing setup has fueled optimism that Hyperliquid can continue scaling without losing efficiency. Combined with staking incentives and growing exchange listings, many traders see HYPE as one of the most promising tokens in the current market. Hyperliquid (HYPE)’s Wedge Pattern Raises Caution Despite strong fundamentals, technical analysis suggests caution. On the two-hour chart, HYPE touched $59.36, testing the upper boundary of a rising wedge formation, a pattern often associated with weakening momentum. The Relative Strength Index (RSI) is nearing overbought levels, with bearish divergence forming as price makes new highs without matching momentum. Analysts warn that a rejection at $59.36 could trigger pullbacks to $55 support, with deeper downside targets at $52–$48 if selling pressure builds. HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview However, if bulls defend support and confirm strength with a bullish engulfing candle, HYPE could rebound toward $60 and beyond, potentially aligning with Polymarket traders who forecast short-term moves toward $70. Related Reading: BNB Chain (BNB) Smashes $1,000 Milestone for the First Time Ever For now, the line in the sand remains at $59.36. Whether Hyperliquid breaks higher or faces a wedge breakdown will determine if HYPE’s new all-time high transforms into sustained momentum, or just a temporary peak. Cover image from ChatGPT, HYPEUSD chart from Tradingview
Lion Group Holding Ltd. (NASDAQ: LGHL), a Singapore-based trading platform operator, has announced a bold shift in its crypto treasury strategy. The company is phasing out its holdings of 6,629 Solana (SOL) and roughly 1 million Sui (SUI) in favor of Hyperliquid (HYPE). Related Reading: Bitcoin Could Hit $150K By Christmas, Analysts Tell Michael Saylor Rather than executing a single large trade, LGHL is adopting a phased accumulation plan designed to manage volatility and secure a better average entry price. The decision comes shortly after LGHL revealed plans to anchor its $600 million treasury in Hyperliquid, positioning HYPE as its primary digital reserve asset. The move aligns with growing institutional interest, as firms seek to diversify into next-generation DeFi tokens with strong revenue growth and trading adoption. HYPE's price trends to the upside on the daily chart. Source: HYPEUSD chart from Tradingview Why HYPE? Hyperliquid’s DeFi Dominance Hyperliquid (HYPE) has rapidly established itself as a leader in decentralized perpetual futures trading, now commanding 70% of the DeFi perps market. In August alone, the platform recorded $383 billion in trading volume, generating a record $106 million in revenue, up 23% from July. Its total value locked (TVL) has surged to $1.75 billion, placing it among the top decentralized exchanges globally. One catalyst for LGHL’s shift is the recent launch of BitGo’s institutional custody services for HYPE in the U.S., offering secure and compliant storage for corporate investors. CEO Wilson Wang described Hyperliquid’s on-chain order book and efficient trading infrastructure as the “most compelling opportunity in decentralized finance.” The pivot reflects a growing trend among Nasdaq-listed firms. Eyenovia, Sonnet BioTherapeutics, and Tony G Co-Investment Holdings have all disclosed significant HYPE allocations, signaling a shift in corporate treasury strategies toward DeFi-native tokens. HYPE Price Surges to All-Time Highs Following these institutional moves, Hyperliquid’s HYPE token has continued its meteoric rise. On September 8, HYPE hit a new all-time high of $51.50, marking a 450% surge since April. Analysts now point to $52 as the next key breakout level, which could trigger further upside momentum if breached. Despite LGHL’s aggressive reallocation, Solana and Sui have shown resilience. At the time of writing, SOL trades around $214, with some analysts forecasting a run toward $300, while SUI has recovered modestly to $3.48. Related Reading: This Bitcoin Cycle Changes Everything, Real Vision Analyst Explains Why The spotlight still remains firmly on Hyperliquid. With industry leaders like Arthur Hayes projecting that HYPE could surge 126x by 2028, the token is increasingly being viewed as one of the most promising assets in the evolving DeFi landscape. Cover image from ChatGPT, HYPEUSD chart from Tradingview
Hyperliquid is slowly building a name within the decentralized finance (DeFi) sector. In August, the platform recorded nearly $400 billion in perpetual trading volume and more than $106 million in revenue, according to DefiLlama. Related Reading: Ethereum price Crash To $4,081: Why The Bears Are In Charge This milestone not only cements Hyperliquid’s dominance in the decentralized perpetuals market, where it now controls around 70% of market share, but also signals growing adoption by both retail and institutional investors. A key driver of this success is its proprietary HyperEVM blockchain, designed for speed, scalability, and zero gas fees. These features replicate the performance of centralized exchanges while maintaining DeFi’s transparency and user custody, making Hyperliquid an appealing alternative to platforms like Binance or Solana-based DEXs. Whale Activity and Market Sentiment Despite its strong fundamentals, HYPE, the platform’s native token, is facing volatility. Currently trading around $44, HYPE has retraced from the $51 mark but remains on track for a possible breakout. Analysts point to resistance at $48.73, with upside targets at $52, $55, and even $73 if bullish momentum persists. HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview Whale activity has added intrigue to the token’s outlook. Recently, a whale deposited over $3 million USDC into Hyperliquid and opened a leveraged short against HYPE, sparking debate about near-term price action. While shorts suggest caution, derivatives data shows rising open interest and a slight long bias, hinting at sustained optimism among traders. Can Hyperliquid Become the Next “Killer App”? BitMEX co-founder Arthur Hayes has gone as far as calling Hyperliquid a “decentralized Binance,” projecting the HYPE token could rise over 100x if adoption keeps pace. The launch of a 21Shares Hyperliquid ETP on the SIX Swiss Exchange also signals mounting institutional confidence. Still, challenges remain. Hyperliquid has faced brief outages and accusations of whale manipulation in newly launched futures markets. To counter this, the team has implemented stricter safeguards, including tighter price caps and external data integrations. These moves aim to balance rapid growth with market integrity. Related Reading: One Major Reason Bitcoin Hasn’t Reached $150,000, According To Trump’s Crypto Advisor With trading volumes surging, institutional adoption growing, and technical indicators hinting at a potential HYPE breakout toward $55, Hyperliquid stands at a defining moment. If it maintains momentum while addressing risks, it could cement itself as crypto’s next true “killer app.” Cover image from ChatGPT, HYPEUSD chart on Tradingview