The HYPE token has demonstrated notable resilience with a 7.62% daily rebound, trading at $44.55 and approaching its previous all-time high. Market activity surged significantly as its 24-hour trading volume rose 40.2% to $421.8 million.
Key catalysts include the token’s recent listing on cryptocurrency exchange Bybit, which enhances accessibility and liquidity, and asset manager Grayscale’s evaluation of HYPE for potential inclusion in its Q3 2025 portfolio selection.
Sustained growth is underpinned by Hyperliquid’s robust decentralized finance performance. The platform generates higher daily revenue than Ethereum and Solana while commanding a dominant 60% market share in perpetual futures trading, highlighting its competitive position in the derivatives sector.