Hyperliquid Surges Past Bitcoin as Bitwise CIO Calls it 'Super App'

Bitwise CIO Matt Hougan has described Hyperliquid as a 'super app' targeting the broader $600 trillion global asset market rather than just crypto.

This follows Bitwise launching its first spot ETF on the New York Stock Exchange last week, which offers in-house staking for users.

Hougan's comments have driven bullish momentum for Hyperliquid (HYPE), with retail sentiment shifting to 'extremely bullish' from 'bullish' territory on Stocktwits.

The platform has also reported a new record high of $2.6 billion in open interest for real world asset trading, double the amount from two months ago.