Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
ETH 
HYPE 
XRP Hyperliquid native token HYPE hits record high
Hyperliquid's native token HYPE climbed to a record high of US$77.55 on August 21, continuing previous gains. The rally accelerated further after U.S. President Trump publicly discussed bringing the decentralized derivatives cryptocurrency exchange to the United States.
Hyperliquid is a decentralized exchange that provides trading of highly leveraged perpetual contracts covering cryptocurrencies, commodities and tokenized stocks. The platform is popular and attracts a large number of high-frequency traders and speculative cryptocurrency traders.
HYPE traded at $76.04 on the day, up more than 5% in a single day and more than 35% in the past week, with a market capitalization of nearly $16.95 billion.
This rally is synchronized with the rally of the entire cryptocurrency market. Bitcoin rose 7 percent to $76,992.58, Ethereum rose 4 percent to $2,381.20 and XRP rose 18 percent to $1.41. The total market capitalization of cryptocurrencies increased by 5% to $2.66 trillion.
data showed that approximately US$1.5 billion of positions were liquidated within 24 hours, of which short positions accounted for approximately US$1.21 billion.
Trump's remarks add fuel to HYPE's rally
The price surge occurred after Trump met with cryptocurrency and traditional finance executives on August 19. Attendees included the heads of Coinbase, Kraken, Ripple, Robinhood and Gemini. Trump used the meeting to promote his administration's cryptocurrency agenda and call for a "fair version" of the CLARITY Act.
In his speech, Trump specifically mentioned Hyperliquid, saying that CFTC Chairman Michael Selig was "working to bring Hyperliquid into the United States in a fully compliant and legal manner."
HYPE was trading at around $66 before the speech, soaring to above $77 in two days. This comment is significant because Hyperliquid does not currently provide services to U.S. users due to the uncertainty of decentralized exchanges and perpetual futures. However, U.S. regulators have been charting paths for regulated sustainable cryptocurrency products, which could create a more conducive environment for platforms such as Hyperliquid.
