Hyperliquid’s native token, $HYPE, reached a new all-time high of $70. This move added over $11 billion to its market capitalization in 2026, pushing its total valuation past $14 billion.
Hyperliquid price in USD over the past 6 monthsWith this massive surge, Hyperliquid briefly overtook major assets like $Dogecoin to become the #9 biggest cryptocurrency by market cap. Four key factors are driving this growth: regulatory shifts, protocol revenue, aggressive tokenomics, and institutional inflows.
1. CFTC Validates Perpetual Futures Model
The primary reason is a regulatory shift in the United States. The Commodity Futures Trading Commission (CFTC) approved the first regulated "US perpetual futures" contract.
Historically, US regulators viewed perpetual swaps with skepticism, forcing these markets offshore. The CFTC's approval of the perp model validates the exact financial f...
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