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

Hyperliquid's HYPE token hits new all-time high above $59, surging 1,600% since Nov 2024 on strong derivatives volume.

Protocol Fundamentals
21 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Hyperliquid's native token HYPE reached a new all-time high around $59.4, up over 1,600% from its November 2024 low of $3.20. This surge is driven by the platform's focus on decentralized perpetual futures trading with ultra-fast transaction speeds, attracting significant daily trading volumes exceeding $601 million. The token's value benefits from fees generated by high derivatives activity, positioning Hyperliquid as a strong player in DeFi's derivatives market. However, investors should consider the potential dilution from the large remaining token supply and whether the platform can sustain its growth amid competition from centralized and other decentralized exchanges.

More News (HYPE)

Hyperliquid ETF launches with $37.2M AUM in first week, showing strong demand for DeFi ETFs.

Hyperliquid ETF launches with $37.2M AUM in first week, showing strong demand for DeFi ETFs.

The Hyperliquid ETF (THYP), launched by 21Shares on Nasdaq, amassed $37.2 million in assets under management within its first week, driven by $24.4 million in net inflows. This ETF holds the HYPE token, native to the Hyperliquid decentralized perpetu...

Market News
Bullish
4 hours ago
Hyperliquid (HYPE) surges 147% in 2026, outperforming Bitcoin and Ethereum significantly.

Hyperliquid (HYPE) surges 147% in 2026, outperforming Bitcoin and Ethereum significantly.

Hyperliquid (HYPE), a decentralized exchange token, has gained 147.4% year-to-date in 2026, rising from $25 to $61.86. This performance far exceeds Bitcoin and Ethereum, which declined over the same period. HYPE's success is driven by its high-perfor...

Technical Signals
Bullish
4 hours ago
Hyperliquid ETF inflows surge, pushing HYPE token up 15% amid strong market demand

Hyperliquid ETF inflows surge, pushing HYPE token up 15% amid strong market demand

Hyperliquid's first two spot ETFs have attracted significantly higher inflows than Bitcoin and Ethereum in their initial trading days, creating strong buying pressure and a supply squeeze. The HYPE token surged 15% in 24 hours, supported by growing r...

Market News
Bullish
5 hours ago
ONDO, ZEC, and HYPE tokens rally as crypto market holds above Bitcoin's $77K support.

ONDO, ZEC, and HYPE tokens rally as crypto market holds above Bitcoin's $77K support.

ONDO, ZEC, and HYPE cryptocurrencies saw significant price gains amid a stable crypto market holding above Bitcoin's key $77,000 support level. ONDO rose over 10% driven by renewed interest in real-world assets and potential SEC approval for tokenize...

Market News
Bullish
6 hours ago
Hyperliquid nears record high at $59.06, wiping out $36.5M in shorts amid strong market rally.

Hyperliquid nears record high at $59.06, wiping out $36.5M in shorts amid strong market rally.

Hyperliquid (HYPE) surged to $59.06, just shy of its all-time high of $59.33 from 2025, pushing weekly gains close to 50% and briefly lifting its market cap above $14 billion. The rally liquidated $36.5 million in short positions, reflecting strong b...

Market News
Bullish
6 hours ago
banner-footerbanner-footer

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