HYPE, the native token of the decentralized derivatives platform Hyperliquid, has overtaken Ethereum (ETH) in open interest on HyperliquidX, its own exchange. This milestone highlights the platform's rapid growth and increasing trader interest, with HYPE's open interest nearing $1.09 billion compared to ETH's $1.15 billion. The trend reflects a shift as traders bet on Hyperliquid's future rather than just general assets like ETH. With 343 trading pairs and expansion into commodities, Hyperliquid is positioning itself as a major competitor to centralized exchanges, though the high leveraged exposure to HYPE also introduces systemic risks if the token's price falls.
Zcash (ZEC) and Hyperliquid (HYPE) are showing strong bullish momentum with significant price rallies, driven by growing market interest in privacy assets and decentralized trading infrastructure. Meanwhile, Dogecoin (DOGE) and Shiba Inu (SHIB) face ...
Hyperliquid's HYPE token jumped 7% to $51 amid growing trading volumes in newly launched HYPE spot ETFs, which have seen daily turnover rise from $1.8 million to over $14 million within a week. This surge in ETF activity is driving increased demand f...
Bitcoin traders faced a $584 million liquidation of long positions on Monday, the largest since February, as geopolitical tensions and rising U.S. Treasury yields pressured the price down to a critical support level at $76,318. The sell-off was trigg...
Hyperliquid's newly launched HYPE spot ETFs have attracted significant inflows in their first week, surpassing Bitcoin and Ether ETFs on several trading days when adjusted for market cap. This strong demand has created buying pressure exceeding the t...
Bitwise's CIO Matt Hougan highlighted Hyperliquid's HYPE token as the most undervalued crypto asset, despite its 77% rise in 2026. He argues the market undervalues HYPE by treating it as just a crypto futures exchange, while it operates as a global s...
