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Hyperliquid burns 16% of HYPE tokens as US stock perpetuals boost trading volume

Protocol Fundamentals
08 Jul 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Hyperliquid, a decentralized perpetual futures exchange, has burned 16% of its HYPE token supply in under two years, driven by rising volume from US stock perpetuals. These stock-linked perpetuals have become some of the most traded pairs on the platform, second only to Bitcoin and HYPE itself, highlighting a shift where crypto derivatives are capturing volume traditionally held by conventional finance. The platform's ability to offer continuous trading, including weekends when traditional markets are closed, adds to its appeal by providing leveraged exposure to equities like Nvidia. Market sentiment and pricing suggest potential price growth for Hyperliquid by the end of 2026, with ongoing developments and regulatory changes likely to influence its future trajectory.

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