<ul><li>Hyperliquid's native token, HYPE, has surged by 170% from April lows and is targeting a price of $45 amid dominance in the Bitcoin perps market.</li><li>Hyperliquid has gained attention for entering and dominating the CEX-dominated Bitcoin perpetual swaps market, with its open interest surpassing Deribit's at $1.8 billion.</li><li>OKX's market dominance of $2.56 could be the next target for Hyperliquid if its growth trend continues, with total OI reaching an all-time high of $5.6 billion across listed tokens.</li><li>HYPE holders benefit from fee discounts and a deflationary buyback program, contributing to the native token's value appreciation amid a potential bullish pattern formation, targeting $45.</li></ul>

Hyperliquid up 170% from April lows: Will Bitcoin perps dominance push HYPE to $40?

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