HYPE token has recorded impressive gains amid rising interest in Hyperliquid’s decentralized exchange (DEX) for perpetual futures trading, driven by retail enthusiasm and institutional backing. The token surged 12.4% over the past week and 67.2% monthly, outperforming major cryptocurrencies like Ethereum and Solana, with its price hovering near $41.31.
Hyperliquid’s DEX is carving a significant niche in perpetual futures trading—which represents 93% of crypto derivatives activity—posing competition to centralized giants like Binance and Bybit. Vincent Liu, CIO at Kronos Research, attributes HYPE’s rally to converging factors including speculative momentum, ecosystem expansion, and heightened institutional engagement.
As regulatory scrutiny around perpetual futures intensifies, with the U.S. Securities and Exchange Commission (SEC) actively examining the sector, Hyperliquid has prioritized compliance through transparent on-chain operations to align with regulatory standards. The token’s resilience also stands out against Bitcoin’s recent low volatility, buoyed by liquidity growth and favorable macroeconomic developments such as positive trade updates.
This performance underscores HYPE’s appeal as traders seek alternative assets in a stable market environment, leveraging Hyperliquid’s specialized infrastructure.