Hyperliquid’s HYPE Hits New Record High of Above $75, Grayscale Says Token Looks Undervalued
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Hyperliquid’s HYPE token surged above $75 to a new all-time high and entered the top 10 by market capitalization after a roughly 270% rally from early-2026 lows near $20. Grayscale says HYPE trades at about 14x earnings while Hyperliquid reports $1.18B in cumulative revenue (roughly $800M in trading fees) and uses 99% of protocol fees for buybacks, a buyback-driven tokenomics dynamic supporting adoption and price discovery.
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- Hyperliquid’s HYPE token surged above $75, reaching a new all-time high.
- Grayscale Research argues HYPE trades at just 14x earnings, below CEXs like Coinbase.
- Hyperliquid made $1.18B in cumulative revenue, using 99% of protocol fees to buy back HYPE.
Hyperliquid’s native token, HYPE, has climbed above $75 for the first time, extending one of the strongest rallies in the crypto market this year.
The move has pushed HYPE into the top 10 cryptocurrencies by market capitalization as it dethroned Dogecoin (DOGE). While Bitcoin and Ethereum remain below their all-time highs, HYPE has entered price discovery mode after gaining roughly 270% from its early-2026 low near $20.
Revenue, Buybacks, and Trading Volume Drive Demand
The rally is being supported by the platform’s underlying business performance. Hyperliquid generated roughly $800 million in trading fee revenue…
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Coins
$ 63.66K
-3.48%
$ 1.77K
-3.09%
$ 0.0892
-3.26%
$ 68.05
-5.45%Funds
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In This News
Coins
$ 63.66K
-3.48%$ 1.77K
-3.09%$ 0.0892
-3.26%$ 68.05
-5.45%Funds
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