Hyperliquid Token Reaches New All-Time High as Trading Volume Skyrockets

The Hyperliquid token price has soared to new heights, driven by record trading volumes and fueled by strong buybacks from whales. On August 26, 2025, the HYPE token reached a record high, surpassing $50, with remarkable spot volume exceeding $3.4 billion. This surge in activity has brought Hyperliquid’s market share to par with major centralized exchanges for prominent assets like Bitcoin and Ethereum, raising questions about the future of decentralized finance.