HYPE’s path to $100 runs through Hyperliquid becoming crypto’s on-chain Wall Street service
·2 min read
Compiled by KHAO Editorial
— aggregated from 1 source + 9 references discovered via search.
See llms.txt for citation guidance.
◌ Single Source
Traders are betting that new funds, rising volume and buybacks can extend one of crypto’s strongest breakouts this year.
Key facts
Polymarket data show traders assigning a 70% probability that HYPE reaches new highs around $66, a 62% chance that it breaks $70, and a 30% chance that it reaches $100 before year-end
Data from CryptoSlate showed that HYPE crossed $60 for the first time, reaching as high as $62
Bloomberg exchange-traded fund analyst Eric Balchunas noted that the suite of HYPE-related products recently saw trading volumes approach $100 million, jumping 42% since their mid-May launch
This comes as DeFiLlama data shows that the total value locked on the platform surpassed $5 billion for the first time since October 2025
Summary
While major cryptocurrencies remain mired in a prolonged slump, the native token of the decentralized exchange Hyperliquid has surged to a record high. Data from CryptoSlate showed that HYPE crossed $60 for the first time, reaching as high as $62. This comes as DeFiLlama data shows that the total value locked on the platform surpassed $5 billion for the first time since October 2025. Market observers noted that this breakout was driven by a fundamental structural shift, with Hyperliquid rapidly evolving from a niche decentralized finance application into the primary on-chain Wall Street platform in the cryptocurrency sector.