The price of Hyperliquid's HYPE token has continued to rise, reaching an all-time high of over $74 per token. This surge in value is attributed to growing institutional interest and the increasing adoption of the platform's trading infrastructure. In May, Hyperliquid processed over $62 billion in trading volume, accounting for 6.63% of global perpetual futures markets.
Three U.S.-listed ETFs now offer exposure to HYPE, including Grayscale's HYPG, which offers staking rewards alongside standard price exposure. The ETF launches have made HYPE accessible through regular brokerage accounts, allowing investors to gain exposure without using crypto wallets or blockchain platforms directly.
CoinShares has published a valuation report estimating that HYPE could reach $147 per token by 2031, based on its buyback mechanism and market share growth. This prediction is supported by the platform's sustained demand and growing adoption among institutional investors.