HYPE has hit a new all-time high, breaching its previous high which was set on September 6. Hyperliquid's token is now trading above the $90 mark, following a rally of more than 15% in the last two days.
HYPE climbed more than 11% toward $89 as ZEC and SOL also surged, while Bitcoin recovered from $75,972 and moved back toward $78,000. Starknet, Arbitrum and Uniswap posted double-digit gains as the DeFi Select Index jumped 8.3%, highlighting a broader rotation toward higher-risk crypto assets.
Hyperliquid's borrowing surge highlights its potential to reshape decentralized finance, attracting increased market interest and strategic growth. Hyperliquid sees $269M borrowed on first day of manual borrowing feature.
HyperCore adds manual borrowing with HYPE and BTC collateral as HYPE trades near its September record high.
Hyperliquid's expansion into credit markets could boost its market position and user engagement, potentially driving its value growth. Hyperliquid launches borrowing and lending, $269M borrowed on first day.
NEAR's default privacy for perpetual futures could drive broader adoption by addressing privacy concerns, potentially reshaping crypto trading norms. NEAR Protocol enables private perps by default, powered by Hyperliquid.
Bitcoin recovered from $75,972 overnight to just below $78,000, a third straight day of gains.
Hyperliquid's revenue and burns are climbing together, but rising HYPE prices mean fee growth must outpace price gains to keep cutting supply.
Hyperliquid's fee engine and deep USDC liquidity are strengthening the economic case behind HYPE burns.
Near Protocol (NEAR) is making waves in the DeFi space after launching the industry's first “Confidential by Default” perpetuals trading on near.com. The feature completely masks all perpetual positions and their asset types, sizes, entry time, and trading direction.
Hyperliquid recorded a trading volume of $240 billion in perpetual futures contracts over the past 30 days, according to data published by CryptoRank. Such a figure positions the platform well above its direct competitors: Arbitrum recorded $47.2 billion in the same period, while Solana reached $46 billion.
Dragonfly's Haseeb Qureshi said the shift reflects crypto's broader maturation toward tokenized stocks, bonds, and other real-world assets.