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Hyperliquid surpasses Ethereum in trading volume as institutions seek new crypto opportunities beyond Bitcoin and Ether.

Market News
02 Jun 2026
Coindesk
View Source
Bullish
pluang ai news

Hyperliquid, a decentralized derivatives platform, is gaining significant traction among hedge funds and institutional investors, sometimes exceeding Ethereum in daily trading volume. This shift comes as Bitcoin and Ether remain range-bound amid macroeconomic uncertainty and ETF outflows, pushing speculative capital toward altcoins like Hyperliquid's HYPE token, Zcash, and AI-linked tokens. Hyperliquid's appeal lies in its early access to unique markets such as pre-IPO perpetual contracts and tokenized stocks, offering liquidity and trading opportunities unavailable elsewhere. Despite regulatory risks, the platform is seen as a potential 24/7 venue for diverse financial assets, signaling a broader evolution in crypto-native trading infrastructure.

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