Artemis data showed Hyperliquid reaching 7.6% of total exchange perpetuals volume, marking a new high for its share of the market segment. The dashboard places Hyperliquid's perp activity inside a broader exchange-volume comparison, not as an isolated protocol metric.
Nansen's integration of Hyperliquid perps signifies a shift towards unified onchain trading, blending crypto with traditional asset markets. Hyperliquid perps now live on Nansen as onchain derivatives volume surges to $625B.
Crypto ETF flows were split on Monday, June 8, as ether ETFs drew a strong $82.37 million inflow while bitcoin ETFs finished with a $91.37 million outflow. HYPE returned to positive flows, solana posted a small exit, and XRP ETFs saw no trading activity.
Citrini Research has singled out Hyperliquid's HYPE token as a crypto asset with a cash-flow profile that separates it from what the firm calls the “memetic majority” of the market. In its June 2026 “State of the Themes” report, the research firm argued that HYPE's fee-driven buyback structure, expanding Assistance Fund and emerging ETF narrative make Hyperliquid one of the more compelling crypto market-structure stories now reaching Wall Street's radar.
Coinbase has formally assumed responsibility as the USDC deployer for Hyperliquid, a leading decentralized perpetual futures trading platform. This development triggered a notable rally in the HYPE token, which recovered from approximately $60 to reach the $64 level.
Hyperliquid is gaining momentum, fueled by its massive buyback program, strong revenue generation, and growing institutional interest.
Hyperliquid has accounted for nearly half of all token buyback activity across the crypto market in 2025, according to a new report from Citrini Research, which has highlighted the decentralized exchange's revenue model as one of the strongest in the
HYPE rebounded over 10% after last weeks selloff as Citrini called Hyperliquid compelling for its cash flow and buybacks. Citrini puts Hyperliquid on watch as HYPE jumps over 10% from Sunday lows.
Unlike most crypto, Hyperliquid actually generates cash flow and has a token buyback mechanism, says Citrini Research
HYPE price has surged 12% on Monday after Coinbase activated its role as the official USDC treasury deployer on Hyperliquid, a move that could direct more revenue toward the protocol's token buyback system.
Arthur Hayes has denied purchasing Hyperliquid (HYPE) tokens after blockchain analytics platform Lookonchain reported that a wallet allegedly connected to the BitMEX co-founder withdrew 33,978 HYPE, worth approximately $2.09 million, from crypto exchange Bybit on June 8. According to Lookonchain, the transaction suggests an average acquisition price of around $61.50 per HYPE token.
HYPE's record TVL suggests the latest rebound may be backed by more than just Arthur Hayes' dip-buy.