Hyperliquid’s native token HYPE has reached a new high of $64.23, fueled mainly by the protocol’s built-in buyback system that uses trading fees to repurchase tokens. Since launch, over $1.16 billion in trading fees have been funneled into the Assistance Fund, which buys HYPE on the open market, creating steady demand. While new ETFs have contributed some inflows, their impact is smaller compared to the buyback mechanism. The token’s future performance depends on sustained trading volume to maintain fee revenue and buyback support.
Hyperliquid's HYPE token surged to all-time highs, trading around $63 with a 44% weekly gain, driven by an aggressive $1.16 billion buyback program and the launch of spot ETFs in the US. The non-custodial exchange reinvests 99% of transaction fees to...
The global cryptocurrency market rebounded after US President Trump's announcement of a largely negotiated peace deal with Iran, easing geopolitical tensions. Bitcoin surged above $75,000, driving the market's bullish momentum, while altcoins outperf...
Bitcoin remained range-bound last week, with cautious profit-taking due to rising US inflation data. Despite this, corporate holder Strategy added nearly 25,000 BTC, and Bitcoin pushed toward $78,200, supported by positive US fintech developments inc...
Hyperliquid launched its HIP-4 upgrade on May 2, introducing native binary outcome contracts to its existing perpetuals exchange infrastructure. Within two weeks, it matched Polymarket's Bitcoin binary trading volume by leveraging its centralized lim...
XRP is struggling near the $1 mark despite $116.74 million inflows into U.S. spot ETFs, with a potential drop to $1.05 unless a U.S. Senate vote on the CLARITY Act reverses the trend. Bitcoin, despite $1.26 billion in weekly ETF outflows, has held su...
