Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Hyperliquid's valuation surpasses Solana's just six months after token launch

Market News
20 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Hyperliquid, a derivatives-focused decentralized exchange launched less than a year ago, now has a fully diluted valuation (FDV) of about $49.7 billion, surpassing Solana's FDV. Despite its market cap of $12.3 billion, most of Hyperliquid's token supply remains locked, which could lead to future selling pressure. The platform offers high-speed perpetual futures trading and has gained significant volume, challenging centralized exchanges. However, rapid price gains and token unlocking risks, along with less decentralization, pose potential challenges ahead.

More News (HYPE)

Hyperliquid (HYPE) nears $50 after 136% rally and rising TVL signals growing investor confidence.

Hyperliquid (HYPE) nears $50 after 136% rally and rising TVL signals growing investor confidence.

Hyperliquid (HYPE) has gained 136% since January 2026, trading near the key $50 resistance level. Despite mixed whale activity, with some large holders buying and others shorting, the overall ecosystem shows strength as Total Value Locked (TVL) incre...

Protocol Fundamentals
Bullish
4 hours ago
Hyperliquid jumps 18.45% amid altcoin rally, while MemeCore drops 14.65% in volatile crypto market.

Hyperliquid jumps 18.45% amid altcoin rally, while MemeCore drops 14.65% in volatile crypto market.

Hyperliquid (HYPE) surged 18.45% to $56.32, leading gains in the crypto market after recent protocol upgrades boosted investor interest. Other notable winners include Zcash, Dash, Ondo, and Jupiter, each rising between 9% and 16%. Conversely, MemeCor...

Market News
Neutral
4 hours ago
HYPE token surpasses Ethereum in open interest on HyperliquidX, signaling platform growth and shifting trader focus.

HYPE token surpasses Ethereum in open interest on HyperliquidX, signaling platform growth and shifting trader focus.

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 ...

Market News
Bullish
6 hours ago
Zcash and Hyperliquid rally strongly while Dogecoin and Shiba Inu struggle; Bitcoin's direction remains uncertain.

Zcash and Hyperliquid rally strongly while Dogecoin and Shiba Inu struggle; Bitcoin's direction remains uncertain.

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 ...

Technical Signals
Neutral
6 hours ago
HYPE token rises 7% as ETF trading volume surges, signaling strong market demand and price momentum.

HYPE token rises 7% as ETF trading volume surges, signaling strong market demand and price momentum.

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...

Market News
Bullish
9 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App