Hyperliquid’s market share surges to 33% – Can HYPE target $36 next?
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Hyperliquid's market share has surged from 18% to 33% due to increased trading in equity perpetuals, positioning it as a key cross-asset platform. The platform's recent upgrade, HIP-3, has expanded its offerings to include equity and commodities. Notably, 30% of its trading volume now comes from non-crypto assets. The growth in equity perps is expected to positively impact its native token, HYPE, with a 70% price increase observed. However, maintaining support at $28 is crucial for a potential breakout above $36; otherwise, a drop below this level could revert HYPE to previous price ranges.
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