Hyperliquid momentum fades as HYPE token falls from peak
Updated
Updated · The Motley Fool · May 3
Hyperliquid momentum fades as HYPE token falls from peak
14 articles · Updated · The Motley Fool · May 3
The token is down 30% from its September 2025 high, despite a 60% rise in 2026 and a roughly $10bn market value.
The decentralized exchange dominates about 70% of on-chain perpetual futures trading, but faces growing threats from Coinbase, Kalshi and Polymarket seeking to enter the market.
Perpetual futures, which allow leverage of up to 100 times, drove Hyperliquid's rise but remain unavailable to US users and could lose appeal if rivals win regulatory approval.
As U.S. giants enter the crypto derivatives race, is the reign of offshore exchanges like Hyperliquid officially over?
An insider trading case just rocked a key competitor. Could this regulatory scandal ironically become Hyperliquid’s secret weapon?