The market capitalization of Hyperliquid (HYPE), a cryptocurrency, is among the 10 largest cryptocurrencies. Over the last couple of months, the market cap for Hyperliquid (HYPE) has grown. The highest point was reached on 16th June 2026 at $76.70. HYPE’s rally is anomalous given the fact that this market was in bearish territory throughout all of 2018. We’ll discuss the reasons why Hyperliquid (HYPE), deviated the market and if it can continue its upward trend.
How did Hyperliquid enter the top 10 crypto currencies?
The expansion of HYPE is the primary cause behind its sudden rise. Hyperliquid exchange. The platform, which was popular initially for cryptocurrency trading, has expanded into oil futures and index products. It also offers exposure to preIPO markets, predictions markets, gold, and other commodities. This expansion into other financial products attracted an extensive clientele. Hyperliquid Exchange was also available 24/7 while some exchanges are closed during certain hours. It was popular for its oil-perpetual futures, in particular during the Middle East conflict.
Hyperliquid saw its revenue increase dramatically as more users flooded the exchange. The platform buys back HYPE tokens with 99% trading fees. Increased buybacks is a main factor for HYPE’s rally in 2026.
Hyperliquid (HYPE’s) ETF (Exchange Traded Fund), launched in May 2026, was the next. Bitwise Asset Management launched its own product for those clients that did not wish to be exposed directly to crypto. Bitcoin (BTC), Ethereum (ETH) and other crypto assets have shown that ETFs are a major player in this space. The increased ETF flows in 2025 helped both assets reach new highs.
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Hyperliquid’s (HYPE), the sudden rise in 2026, was largely due to investors no longer treating it as a traditional altcoin. Instead they valued it like a fast growing exchange business that generates real revenue. The fact that it is a real exchange with revenue gives Hyperliquid (HYPE), the reason to stay in the Top 10.
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Source: watcher.guru
