HYPE (Hyperliquid) 24-hour increase of 14.83%

Gate News Bot Message, February 3rd, according to CoinMarketCap data, as of press time, HYPE (Hyperliquid) is currently priced at $35.87, up 14.83% in the past 24 hours, with a high of $35.94 and a low of $27.79. The 24-hour trading volume reached $927 million. The current market capitalization is approximately $10.835 billion, an increase of $1.4 billion from yesterday.

Hyperliquid is a blockchain network serving all financial services. Its first flagship application is a top decentralized exchange offering zero fees and low trading costs. The platform supports leverage trading up to 40x, fully on-chain order books, with all trades, funding fees, and settlements conducted on Hyperliquid L1. Additionally, the network features a block time of 0.07 seconds and a maximum TPS of 200,000, with a daily trading volume of $6.9 billion. HYPE is the native token of the Hyperliquid network, and anyone can own, govern, and protect the Hyperliquid network through HYPE tokens, prioritizing community governance.

Important Recent HYPE News:

1️⃣ HIP-3 Perpetual Contract Mechanism Continues to Boost Ecosystem Vitality
Hyperliquid launched the HIP-3 improvement proposal in October 2025, significantly lowering the barrier to creating perpetual futures markets. Any user staking at least 500,000 HYPE can deploy new markets. Since its launch, the open interest in related markets has exceeded $925 million, more than tripling from $260 million a month ago. Notably, traditional asset trading is especially active, with the Silver mapping contract SILVER’s 24-hour trading volume reaching $1.138 billion, the Gold token PAXG and Gold mapping contract GOLD’s combined 24-hour volume reaching $166 million, and the Copper mapping contract COPPER recording $33.66 million in volume. Precious metal-related contracts have entered the top ten trading volumes on the platform. Fees generated from these new markets are about 97% used by the protocol to buy back HYPE from the open market, directly supporting the token price.

2️⃣ Institutional-Grade Whales Continue to Accumulate, Institutional Deployment Clearly Defined
Over the past week, multiple institutional investors and well-known traders have accelerated their HYPE positions. An address suspected to be supported by a16z bought another 243,000 HYPE in the early morning of January 29 via Anchorage, with total holdings reaching 1.53 million. The whale “0xd4d” has been receiving HYPE tokens continuously from Galaxy Digital OTC, with 445,000 newly purchased tokens valued at $14.87 million, some of which have been transferred to staking addresses. Well-known trader Huang Licheng (“Maji Big Brother”) has been increasing long positions in HYPE, with total holdings now reaching $8.1 million, an average entry price of $29.34, with an unrealized profit of $1.1 million. A newly created wallet deposited $45 million USDC to Hyperliquid to increase HYPE holdings, with a total purchase of 277,100 tokens. These series of institutional-level buy-ins indicate a clear rising confidence in HYPE’s fundamentals.

3️⃣ Acceleration of Traditional Asset and Crypto Market Integration Boosts Overall Ecosystem Activity
Against the backdrop of rising global precious metal prices, trading activity for traditional commodities within the Hyperliquid platform has hit a record high. The platform’s daily trading volume has surpassed $6.9 billion, maintaining a leading position among mainstream perpetual contract DEXs, with open interest around $7.8 billion. This trading boom directly feeds into the HYPE token economy through the protocol’s fee buyback mechanism. According to institutional estimates, the additional fee income generated solely from HIP-3 markets could potentially support up to 67% of HYPE’s price this year. Whether traders are dealing in spot, leverage, or derivatives, each transaction strengthens the platform’s liquidity moat. Hyperliquid has become the preferred platform for global users engaging in integrated crypto and traditional asset trading.

This message is not investment advice; please be aware of market volatility risks.