HYPE (Hyperliquid) increased by 4.45% over the past 24 hours, currently trading at $33.03.

Gate News Bot Message, February 9th. According to CoinMarketCap data, as of press time, HYPE (Hyperliquid) is trading at $33.03, up 4.45% in the past 24 hours, with a high of $38.30 and a low of $31.06. The current market capitalization is approximately $8.579 billion, a $366 million increase from yesterday.

Hyperliquid is a high-performance Layer 1 public chain dedicated to building a unified financial ecosystem. As a flagship application, Hyperliquid offers an industry-leading decentralized exchange with zero gas fees and low trading costs, supporting leverage trading up to 40x. Its core advantages include: fully on-chain order book ensuring transparency, with all trading, financing, and clearing conducted on Hyperliquid L1; ultra-fast block time of 0.07 seconds and a maximum throughput of 200,000 transactions per second; one-click trading experience without wallet authorization interruptions. HYPE is the native governance token of the network, owned by the community, enabling network ownership, governance, and security through tokens. Currently, the platform has a daily trading volume of $690 million and over 1.49 million users, adhering to a pure community-first model with no investors, no paid market makers, and no company fees.

Important recent news about HYPE:

1️⃣ Expansion of Derivatives Features to Improve Ecosystem Hyperliquid plans to add prediction markets and options features to further diversify its financial product offerings. This move demonstrates the platform’s commitment to strengthening its existing DEX advantages while expanding derivatives trading scenarios, providing users with more trading tools and risk management options, and increasing its appeal to professional traders.

2️⃣ Revenue Optimization Strategies to Support Token Value Hyperliquid is exploring new revenue streams by optimizing the collateralization of HYPE tokens in options. This strategy leverages existing assets to improve yield efficiency, creating sustainable income for the protocol and enhancing the fundamental support for the HYPE token.

3️⃣ Fusion of Traditional Finance and Crypto Markets to Expand Valuation Market participants believe that the significant early surge of HYPE reflects the convergence trend between crypto and traditional financial markets. As a core infrastructure for high-performance on-chain trading, Hyperliquid is gaining broader attention and valuation support amid this market integration process.

This message is not investment advice. Investors should be aware of market volatility risks.