Hyperliquid’s native token $HYPE surged to $60, marking a 15 % rise from its lowest level this month, as the platform’s trading volume continued to accelerate following the SpaceX IPO.
Three‑Day Price Rally
The $HYPE price jump persisted for three straight days, driven by heightened investor interest in the blockchain‑based perpetual exchange. Analysts attribute the upward momentum to the fresh liquidity injected by the SpaceX listing, which has drawn both retail and institutional crypto participants.
Volume Expansion and Market Position
According to DeFi Llama, Hyperliquid processed more than $237 billion in transaction value over the past 30 days, outpacing the combined activity of rivals such as Lighter, ApeX Protocol, Grvt and Aster. The platform’s daily throughput also eclipsed every decentralized exchange on Ethereum and Solana, where Ethereum DEXs recorded $35 billion, Solana $46 billion, BSC $25 billion and Base $34 billion.
Real‑world asset trading on Hyperliquid surged, highlighted by SpaceX’s 24‑hour volume of $40 million and futures open interest of $210 million, positioning the exchange as a leading venue for tokenized equities. Meanwhile, crude‑oil futures attracted attention as investors reacted to the latest U.S.–Iran diplomatic developments, with WTI contracts generating $55 million and Brent contracts $40 million in weekend volume.