Hyperliquid’s HYPE Token Hits Record High Amid DeFi Trading Surge
Hyperliquid’s native HYPE token has surged to a new all-time high of $39, defying broader market trends with a 50% weekly gain. The decentralized perpetual trading platform is capturing investor attention as demand shifts toward non-custodial derivatives exchanges.
Trading volume growth appears to be the primary catalyst, with the protocol emerging as a preferred venue for crypto traders seeking decentralized perpetual contracts. This momentum persists despite stagnant price action across major assets like BTC and ETH.