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Hyperliquid outperforms Dogecoin with 20% rally, backed by strong on-chain activity and rising fees.

Technical Signals
20 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Hyperliquid (HYPE) surged over 20% in the last 24 hours, overtaking Dogecoin (DOGE) to become the 10th largest cryptocurrency by market value. This rise is supported by strong on-chain activity, including a 78% increase in total Perp Volume and a nearly fourfold jump in trading fees, highlighting HYPE's growing utility rather than mere speculation. While HYPE's lead over DOGE is still narrow, its technical strength and fundamental adoption suggest it could maintain its top-10 position if demand remains strong. The shift toward utility tokens like HYPE signals a broader market trend favoring conviction-based investments over speculative ones.

More News (HYPE)

Hyperliquid (HYPE) price jumps 22% after Coinbase adds perpetual futures on Base App

Hyperliquid (HYPE) price jumps 22% after Coinbase adds perpetual futures on Base App

Hyperliquid (HYPE) surged over 22% in 24 hours, hitting an intraday high near $72.58, driven by Coinbase's integration of Hyperliquid perpetual futures into its Base App. This move allows eligible users access to over 290 perpetual markets with lever...

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HYPE token jumps 21.58% as U.S. regulators work on compliant market entry

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HYPE token jumps 19% after Trump says CFTC is aiding Hyperliquid's U.S. market entry

HYPE token jumps 19% after Trump says CFTC is aiding Hyperliquid's U.S. market entry

The HYPE token surged over 19% following President Trump's announcement that the Commodity Futures Trading Commission (CFTC) is working to bring Hyperliquid, a perpetual futures trading platform, into the U.S. market in a compliant manner. Currently ...

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Hyperliquid jumps 18.5% after SEC filing for pre-IPO futures regulatory framework

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Hyperliquid (HYPE) surged 18.5% to $69.78, becoming the top gainer among top-100 coins, driven by its policy arm submitting a regulatory framework for pre-IPO futures to the US SEC. This proposal aims to create a rulebook for IPO perpetual contracts,...

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