Hyperliquid's stablecoin market is seeing a major shift as liquidity moves from its native USDH to the more established USDC, which now dominates with $5.74 billion of the $5.96 billion pool. This migration, supported by $10 million in grants and smooth swap options, reflects traders' preference for deeper liquidity and trusted assets. Despite the shift, user activity remains strong with nearly 7,000 daily active addresses and $2.8 billion in perpetual trading volume, sustaining fee revenue and token utility. Future growth depends on continued trading activity and USDC liquidity expansion, while USDH would need significant improvements to regain market share.
Bitwise has staked 1.775 million HYPE tokens worth about $114 million in the Hyperliquid protocol, reinforcing its earlier move of launching a Hyperliquid spot ETF in May. This significant staking shows Bitwise's strong confidence in Hyperliquid's gr...
Hyper Foundation is providing $10 million in grants to help developers and protocols transition from the USDH stablecoin to USDC as USDH is being phased out. Builders on the Hyperliquid platform must complete their migrations or orderly shutdowns by ...
Hyperliquid (HYPE) currently trades near $62, backed by over 40% market share in decentralized perpetual futures as of mid-2026. Its valuation depends on transaction volume, fees, and liquidity, with a baseline price forecast of $100–$160 if it maint...
Bitwise has staked 1.775 million HYPE tokens, worth about $114 million, on the Hyperliquid exchange, reinforcing its position since launching the Bitwise Hyperliquid ETF (BHYP) in May. The ETF directs 10% of its fees to buying and staking HYPE, linki...
Since Hyperliquid's mainnet launch on April 14, traders have burned nearly 22,000 HYPE tokens through priority fees, with weekly burns rising 45-fold recently. The number of distinct payers expanded from 14 to 130, indicating broader adoption. Instit...
