HYPE Rises Against the Bear Market: Are U.S. Stocks Crypto’s…

HYPE is the native token of Hyperliquid, a new-generation trading platform built around perpetual futures. Its appeal to U.S. stock traders is surprisingly intuitive.

Speed: instant settlement, not T+1.

Perpetuals let users choose direction, size and leverage across single names, commodities and indices — far more freedom than a single leveraged ETF.

Trading costs stay low — roughly 0.045% on perpetuals and 0.07% on spot — yet the economics are striking. Its daily fee income has at times exceeded the combined fees of several other major tokens.

Around $2 million of tokens are bought back and burned every day, and estimated annual revenue of about $587.5 million is almost entirely used to buy back HYPE. Low costs for traders, shrinking supply for holders.

On this optimism HYPE recently climbed toward $67 before easing back near $62, with steady institutional buying adding to the momentum.

This is why HYPE draws attention even in a soft crypto market. Its story isn’t “just another coin.” It’s a bet on whether one platform can expand from coins into stocks, AI leaders, commodities and global risk assets — capturing the same high-beta demand that already exists in U.S. equities and leveraged ETFs.

HYPE’s rise doesn’t mean the bear market is over. But it may signal one thing: crypto’s next growth story may not come only from new coins — it may come from bringing more assets, more leverage and more trading freedom into one place.