Hyperliquid (HYPE)
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The recent increase in Hyperliquid price is primarily driven by a surge in commodity perpetual contract trading on the Hyperliquid platform, especially in silver and gold futures. This has led to a significant rise in open interest, reaching a new all-time high near $790 million, which boosts platform revenue and user engagement. The increased trading volume generates more fees used to buy back and burn HYPE tokens, reducing supply and creating upward price pressure. Additionally, technical breakout patterns and positive market sentiment, supported by the CEO's claim that Hyperliquid is now the most liquid decentralized perpetuals venue, have contributed to the bullish momentum.
- 1. https://blog.mexc.com/news/why-hyperliquid-price-surged-today-hype-jumps-over-22-in-24-hours/
- 2. https://coindcx.com/blog/price-predictions/hyperliquid-price-prediction/
- 3. https://captainaltcoin.com/heres-why-hyperliquid-hype-price-is-up-today/
- 4. https://www.hokanews.com/2026/01/quiet-but-deadly-hyperliquids-hip-3.html
- 5. https://coinpedia.org/price-prediction/hyperliquid-hype-price-prediction/
- 6. https://www.coindesk.com/markets/2026/01/27/hype-token-surges-24-as-silver-futures-volume-soars-on-hyperliquid-exchange
- 7. https://www.ccn.com/analysis/crypto/hyperliquid-hype-price-analysis-jan-token-unlock/
- 8. https://coinpaper.com/14013/hyperliquid-price-surges-as-market-cap-overtakes-xlm-hits-6-8-billion
- 9. https://www.okx.com/en-us/price/hype-hype
- 10. https://www.dlnews.com/articles/markets/why-hype-token-is-surging-amid-a-silver-and-gold-trading-frenzy/
- 11. https://coingape.com/price-predictions/hyperliquid-hype-price-prediction/
- 12. https://coinpedia.org/price-analysis/hyperliquid-hype-price-near-30-resistance-will-it-break-out-or-pull-back/
- 13. https://www.tradingview.com/news/invezz:92972065f094b:0-hyperliquid-hype-price-soars-as-hip-3-drives-record-open-interest/
- 14. https://www.tradingview.com/news/cointelegraph:af9bda3f5094b:0-hyperliquid-hip-3-open-interest-hits-793m-on-commodities-surge/
- 15. https://phemex.com/news/article/hype-surges-23-amid-commodities-trading-boom-on-hyperliquid-56293
- 16. https://cryptonews.com/news/hyperliquid-price-prediction-hype-price-with-encouraging-8-weekly-gains-is-30-possible-in-january-2026/
- 17. https://finance.yahoo.com/news/hyperliquid-now-crypto-most-liquid-104430870.html
- 18. https://phemex.com/news/article/hyperliquids-hip3-open-interest-hits-record-790-million-56140
- 19. https://www.bitget.com/price/hyperliquid/historical-data
- 20. https://www.tradingview.com/news/coinpedia:384f8a8ff094b:0-hyperliquid-hype-price-near-30-resistance-will-it-break-out-or-pull-back/
Last Updated: 1/28/2026 02:00 UTC
Sentiment
Description
#24
Hyperliquid is a decentralized exchange that allows users to trade perpetual futures contracts on an order book with up to 50x leverage and zero fees. It runs on its own L1 chain based on Tendermint.
| Sector: | Perpetuals |
| Blockchain: | Hyperliquid |




































































































