What Is Hyperliquid HYPE

[chainsniff]

HYPE is the native token of Hyperliquid, a decentralized perpetual futures trading platform focused on high speed onchain derivatives trading. The platform has gained major attention because it combines decentralized infrastructure with trading performance designed to compete directly with centralized exchanges.

Recently, HYPE attracted strong institutional interest after new spot ETF products tied to the token launched in the United States. The combination of ETF inflows, token buybacks, and growing derivatives activity helped push HYPE to its highest price levels in months.

[etfs]

hype token holders watching institutional etf money arrive like defi finally got invited to the adult table