Hyperliquid's HYPE token surged 79.2% in Q2 2026, reaching a record $76.90 despite a 14.1% drop in Bitcoin. The protocol reported a 93% outperformance over Bitcoin, driven by recovering revenue and higher trading volumes, with annualized revenue hitting about $840 million. Hyperliquid also revamped its stablecoin infrastructure by adopting USDC, expected to generate $135-$200 million in annualized holder yield. Additionally, the launch of three US spot HYPE ETFs attracted $309 million in net inflows, signaling growing institutional interest.
Abraxas Capital, a major crypto investment firm, has taken over $980 million in short positions on Hyperliquid, indicating expectations of a price decline for the decentralized futures exchange. This strategy involves complex hedging, including spot ...
Hyperliquid has grown rapidly to become the third-largest crypto exchange by open interest, surpassing $11 billion. This marks it as a significant competitor to Binance in the perpetual futures market and a key player in the on-chain derivatives spac...
After a strong August, Bitcoin Spot ETFs faced $462.73 million in outflows from September 8-11, coinciding with Bitcoin's price dropping from about $79K to $77.3K. Major outflows came from Grayscale GBTC and Ark Invest's ARKB. Conversely, Ethereum ET...
Bitwise CIO Matt Hougan predicts Hyperliquid's market cap could reach $200 trillion within the next decade, driven by strong investor demand and institutional adoption. The cryptocurrency has already doubled its price this year, rising 205% from $39....
Hyperliquid recently burned about 32.77K HYPE tokens worth $2.65 million, reducing the total supply by 4.86%. The protocol's total value locked (TVL) has risen to nearly $7 billion, supporting ongoing token burns funded by platform fees. On the price...
