HYPE, the token from Hyperliquid, has risen 7.80% in the last 24 hours.

Hyperliquid's HYPE Jumps 7.8% to $37.28—Market Cap Adds $694M in a Day

HYPE is having a good day. Hyperliquid's native token is up 7.8% in the last 24 hours, trading at $37.28. It swung from a low of $29.53 to a high of $37.42, with volume hitting $446 million. Market cap now sits at $9.6 billion—up nearly $700 million from yesterday.

For context, Hyperliquid is a finance-focused L1 blockchain built for speed: 0.07-second block times, 200,000 TPS, and $7.1 billion in average daily volume. Its flagship product is a DEX with zero gas fees, up to 40x leverage, and a fully on-chain order book. HYPE holders get a say in governance and network security—community-first, all the way.