How Hyperliquid Built The Largest On-Chain Perps Exchange, And Why HYPE Is Moving Again
Hyperliquid (HYPE) gained approximately 2.2% in the 24 hours to May 4, 2026. The token traded near $41.74, giving the protocol a market capitalization of roughly $9.96 billion. That figure places HYPE at rank 13 globally by market cap. Daily volume came in at approximately $246.3 million. A Protocol