The most notable recent surge in the crypto market has been that of Hyperliquid (HYPE). The project's native token, HYPE, reached an all-time high of $55. This increase is reflected not only in the price chart but also in the interest of institutional investors, the number of users, and the development of the ecosystem.
VanEck made a critical comment
One of the most important factors in Hyperliquid's rise was the support of global asset management giant VanEck for the project. VanEck's founder, Jan VanEck, stated that the firm has held the HYPE token for months and is optimistic about the project.
"We were impressed by Hyperliquid's technology infrastructure, decentralized governance model, and ecosystem development strategy. We continue to offer free research to the community and believe Hyperliquid presents a strong opportunity for the future," VanEck said, drawing the attention of institutional investors to this area.
Lion Group Takes Strategic Step for HYPE
Another important news regarding HYPE came from Nasdaq-listed Lion Group Holding Ltd. The company announced a strategic shift in its crypto asset treasury, gradually converting its Solana (SOL) and Sui (SUI) holdings to HYPE.
Lion Group CEO Wilson Wang emphasized that the decision aligns with its long-term growth goals, saying:
“Hyperliquid is one of the most attractive opportunities in the decentralized finance world. It stands out with its efficient transaction infrastructure and on-chain order book model. Therefore, we chose to prioritize HYPE over SOL and SUI in our portfolio.”
Record-breaking user activity
- The rise in HYPE's price is supported not only by institutional investments but also by user growth within the ecosystem. According to Token Terminal data, the number of weekly active users on HyperEVM and HyperCore reached 181,500. HyperEVM provides an Ethereum-compatible virtual machine environment, while
- HyperCore provides high scalability by supporting the network's consensus and execution layer.
- This increase translates to more transactions on the network, higher volume, and a stronger community.
According to Santiment data, HYPE's dominance on social media has increased to 2.06%. Projects that are more talked about in the crypto market are generally assets that also attract increased investor interest. Furthermore, weighted market sentiment for HYPE has reached its highest level since July.
What is HYPE Coin?
HYPE, Hyperliquid's native token, is used as both a governance and economic incentive tool within the project's ecosystem. Hyperliquid stands out as a decentralized perpetual futures exchange and offers high-speed, low-cost transactions with its Layer-1 infrastructure.
The primary functions of the HYPE token:
Governance: Token holders can have a say in important decisions by participating in network voting.
Revenue sharing: The majority of the platform's transaction fees are used for HYPE buybacks, creating a mechanism that supports the token's value.
Ecosystem incentives: Users can earn rewards through HYPE for activities such as providing liquidity and long-term loyalty.
Hyperliquid's distinguishing feature is its fast and transparent transaction structure, built on a centralized on-chain order book (CLOB) model.
