Hyperliquid (HYPE) token surged over 17% in 24 hours, reaching a new all-time high of $39.93.
HYPE climbed to the 11th spot in crypto rankings, surpassing Chainlink, SUI, with a market cap nearing $13 billion.
Hyperliquid's native token, HYPE, has shown a strong upward trend, with significant market cap growth and trading volume increase.
The decentralized derivatives platform is gaining attention due to high-profile trading activities, record numbers in open interest, and engagement with CFTC on DeFi regulations.