Hyperliquid Gains VanEck Support as HYPE Hits New ATH

Hyperliquid, a decentralized perpetual exchange, is riding a wave of institutional interest as its native token HYPE reaches an all-time high. The platform's upcoming USDH stablecoin launch has drawn proposals from six major financial institutions, signaling growing mainstream adoption.

VanEck CEO Jan van Eck confirmed his firm's months-long involvement with Hyperliquid, praising its decentralized governance model. "We are bullish on Hyperliquid," van Eck stated, highlighting traditional finance's accelerating embrace of DeFi platforms.

The exchange's innovative trading mechanisms and VanEck's public endorsement are fueling market confidence. This development reflects broader trends of institutional capital flowing into decentralized infrastructure projects with strong fundamentals.