Hyperliquid’s HYPE Hits Record $94.49, Gains 4.5% in 24 Hours
Hyperliquid's native token HYPE reached a new all-time high of $94.49, up 4.5% in 24 hours, according to BlockBeats. The platform's open interest also hit a record $16.36 billion. Hyperliquid has expanded into various markets, with cumulative trading volume in HIP-3-based markets exceeding $548 billion. HYPE's market cap is now $20.52 billion, ranking it eighth among non-stablecoin cryptocurrencies.
How this was made

The 30-second read
Why it matters
The record price and open interest may attract new liquidity providers and traders to the platform.
Market read
HYPE's surge signals strong demand for crypto derivative tokens, potentially spilling over to related assets.
What to watch
Potential regulatory scrutiny on crypto derivatives could temper further upside.
Background
Hyperliquid is expanding its product suite beyond crypto futures into stocks, commodities, and prediction markets.
Ticker impact
HYPE hit a record high of $94.49, up 4.5% in 24 hours, with open interest reaching $16.36B.
Potential short-term upside as momentum may attract additional traders.
New all‑time high and unprecedented open interest are fresh data points not previously reported.
Market effects
Boosts sentiment for crypto derivatives platforms and related tokens.
May influence crypto trading activity on Asian exchanges where Hyperliquid is popular.
Highlights growing interest in crypto perpetual futures globally.
Counterpoint
The rapid rally could be a short‑cover squeeze, risking a pullback if buying pressure wanes.
Key entities
- platformHyperliquid
Crypto perpetual futures exchange issuing the HYPE token.




