Hyperliquid (HYPE) Breaks All-Time High at $50, Driven by Massive Trading Activity

The decentralized exchange Hyperliquid (HYPE) has surged to a record high of $50, spurred by a significant increase in trading volumes and on-chain activity. This surge is primarily attributed to increased institutional and retail engagement, resulting in a notable market focus shift. 3.4 billion USD was traded on the platform in just one day. Hyperliquid’s growing popularity has propelled it past established competitors as the largest spot decentralized exchange globally, according to recent rankings.