Hyperliquid news

Hyperliquid’s token, HYPE, has risen 60% since mid-last month while total crypto market cap dropped from $3.2 trillion to $2.2 trillion. The gains come from rising trading volume on Hyperliquid, a surge in HIP-3 futures, and a Coinbase listing that added liquidity and institutional interest. Heavy liquidations on the exchange actually support HYPE’s price through a fee-revenue buyback system. On Feb 5 the platform earned $7.49 million in fees and bought back more than 160,000 tokens, the highest since the October 2025 crash. Yet 9.92 million tokens unlock on Feb 6 and the $30 price level remain key risks.

Hyperion DeFi Inc., the operator of Hyperliquid’s treasury, said it will use its 1.86 million HYPE holdings as collateral for on‑chain options to generate premium revenue, rather than directional trading. The firm is partnering with Rysk to launch a vault that will later be open to other institutional holders, and CEO Hyunsu Jung said the move should boost execution efficiency and yield. Following the announcement, HYPD shares slid more than 13 % to about $3.50 amid a broader market sell‑off.

Ripple expands its institutional prime brokerage by adding Hyperliquid, giving clients on‑chain DeFi derivatives liquidity and the ability to cross‑margin positions across crypto, FX, fixed income, and more. Hyperliquid, a fast‑growing DEX that earned Decrypt’s Project of the Year in 2025, has seen a surge in commodities futures, added gold, silver and copper perpetuals, and plans prediction markets; its token HYPE rose about 33% monthly while XRP fell 20% amid a broader market rout.

Hyperliquid token HYPE surged 71% to $35, outperforming Bitcoin and XRP amid a global risk‑off wave that wiped $6 trillion from risk assets. The rally stems from Hyperliquid’s perpetual futures platform, which channels 99% of trading fees into an HYPE buy‑back fund, driving demand as volatility spikes. 30‑day revenue of $68.4 M and $6 B open interest support the mechanical buy‑back loop. New features under HIP‑3 and HIP‑4, including permissionless RWA and outcome‑style markets, broaden the protocol’s product mix and attract liquidity, while an upcoming 9.92 M HYPE unlock poses a potential test of the buy‑back mechanism.

Ripple Prime now supports the decentralized derivatives platform Hyperliquid, giving institutional clients access to on‑chain perpetuals liquidity while keeping margin and risk management inside Ripple Prime. The integration allows cross‑margin exposure between DEX derivatives and traditional assets the platform already supports. Launched in late 2025 after acquiring Hidden Road, Ripple Prime serves as a single entry point for FX, fixed income, OTC swaps, and more, offering centralized risk management and capital efficiency. Hyperliquid, the largest DEX for perpetual contracts, has surpassed $5 billion in open interest and $200 billion in monthly volume, a growth that attracted Ripple’s partnership.

Ripple Prime has added the decentralized exchange Hyperliquid to its prime brokerage platform, the first time the service supports a DeFi venue. Clients can trade on‑chain derivatives while managing positions and risk under a single margin and risk framework alongside other asset classes. The integration comes amid growing institutional demand for DeFi liquidity. Ripple Prime, which grew threefold after acquiring Hidden Road, serves more than 300 clients and clears over $3 trillion annually, and plans to add both centralized and decentralized venues as activity expands.

Hyperliquid’s HYPE token jumped 22.39% in a day, its highest price since November 2025, as the team confirmed support for HIP‑4, a proposal that adds outcome trading. The move lifted HYPE to a 2‑month high, making it the top gainer among the 100 largest coins on CoinGecko. HIP‑4 enables non‑leveraged, fully collateralised outcome contracts that settle within fixed ranges, opening the door to prediction markets and bounded options. The feature is live on testnet and will later support canonical markets built on Hyperliquid’s native stablecoin USDH. Prediction markets are expanding rapidly, with Coinbase launching markets via Kalshi and January 2026 monthly volume hitting $12.4B. Hyperliquid’s new capabilities position it to tap the growing demand for outcome‑based trading products.

Hyperliquid’s core team announced support for HIP‑4, enabling prediction markets on its layer‑1 network, boosting HYPE token 20%. The proposal allows fully collateralised contracts on the largest decentralized perpetual futures platform, letting traders bet on elections, sports and other markets, with capped payouts, no leverage, liquidations or margin calls. Currently in testnet, outcomes will use Hyperliquid’s native stablecoin USDH. The move follows strong user demand and aims to open further on‑chain applications. Hyperliquid’s perpetual trading volume remains above $200 billion weekly, underscoring the platform’s liquidity.

Hyperliquid will launch “outcome trading” through HIP‑4, adding fully collateralized contracts for prediction markets and bounded‑options style derivatives amid a $12.4 billion surge in last‑month trading volume. The feature remains in testnet and may later allow permissionless deployment; HYPE token rose 11%, while regulators intensify scrutiny of prediction markets, though major firms such as Coinbase persist in expanding offerings.

The crypto market will see more than $638 million worth of new token supplies enter circulation in the first week of February 2026. The biggest unlocks come from Hyperliquid (HYPE), XDC Network (XDC) and Berachain (BERA), all scheduled for February 5-6 and likely to add short-term volatility. Hyperliquid will release 9.92 million HYPE (approx. $303.55 million, 2.79% of its released supply) on Feb 6, XDC will unlock 841.18 million XDC (approx. $29.55 million, 5% released) on Feb 5, and Berachain will issue 63.75 million BERA (approx. $28.8 million, 41.7% released) on Feb 6, with allocations to teams, investors and ecosystem development.