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Hyperliquid price surges 70% amid rising demand for tokenized assets despite crypto market downturn

Market News
18 May 2026
Coingape
View Source
Bullish
pluang ai news

Hyperliquid's native token HYPE has surged nearly 70% this year, driven by strong demand for tokenized real-world assets and synthetic pre-IPO trading products like SPCX-USDC, a synthetic SpaceX contract. This growth contrasts with declines in major cryptocurrencies such as Bitcoin, Ethereum, and XRP, which have been pressured by ETF outflows and liquidations. Hyperliquid's trading volume and open interest in real-world assets have reached all-time highs, reflecting growing investor interest in decentralized access to these assets. The token faces key technical resistance levels ahead, with market watchers awaiting Federal Reserve and ETF developments for future direction.

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