- HYPE token jumped more than 30% to about $33 this week, outpacing major cryptocurrencies.
- Hyperion DeFi, a Nasdaq-listed company, holds over 1.4 million HYPE tokens in its strategic treasury.
- Hyperliquid‘s HIP-3 upgrade lets anyone staking 500,000 HYPE create markets for non-crypto assets, expanding the exchange’s offerings.
- HIP-3 markets recorded roughly $1 billion in open interest, about $25 billion in trading volume and over $3 million in fees within three months.
- Up to 97% of protocol fee revenue is used to buy back and burn HYPE, creating a strong deflationary mechanism for the token.
Hyunsu Jung, CEO of Hyperion DeFi, said this week that the rally in the HYPE token reflects growing tokenization and convergence across asset classes on Hyperliquid. The token climbed more than 30% to roughly $33, while Bitcoin and ether moved modestly; market data shows comparative price changes.
Hyperliquid began as a decentralized exchange for perpetual crypto futures and has added markets for equity indices, stocks, commodities and major fiat pairs. The change follows the Hyperliquid Improvement Proposal-3 (HIP-3), launched in October 2025, which allows users staking 500,000 HYPE to create non-crypto asset markets.
Trading in traditional assets has surged on the platform, especially Gold and silver. The silver–USDC market recorded over $1 billion in trading in the past 24 hours, and the new markets collectively captured about $1 billion in open interest and roughly $25 billion in total trading volume within three months. "Within just 3 months of this upgrade, Hyperliquid’s HIP-3 markets have captured over $1B in Open Interest, ~$25B in total trading volume and over $3M in total fees, all transparently on-chain," the company said.
Fees generated on the platform feed an automated buyback-and-burn for HYPE, with up to 97% of fee revenue used to purchase and remove tokens from circulation. "It’s a deflationary mechanism not found in any other blockchain ecosystem, and an incredible structural tailwind for our treasury," Hyunsu added. He also noted that 24/7 availability on the exchange helps traders access fairer spot prices outside traditional market hours.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- SHIB stagnant: $1,000 now could equal $111,000 in decade 10y
- Brave, Midnight Network, and Mythical Games Launch Multi-Week Community Heist Game
- Coinbase slides 1.2% as metals futures launch fails to calm.
- Steak ‘n Shake Adds $5M Bitcoin, Reserve Now $15M; BTC Push!
- Rocket Lab Stock Surges 8% After Neutron Fairing Delivery Up
