Hyperliquid's native token, $Hype , has surged to a new all-time high of $36.71, marking a 17.8% increase over the past 24 hours. This rally coincides with Hyperliquid's proactive engagement with U.S. regulators, as the platform has submitted formal comments to the Commodity Futures Trading Commission (CFTC) regarding perpetual derivatives and 24/7 trading.
The token's momentum is further supported by heightened trading activity, with HYPE's open interest reaching $1.15 billion and daily trading volumes nearing $500 million. This growth reflects increasing institutional interest and confidence in Hyperliquid's commitment to regulatory compliance and decentralized finance principles.