Hyperliquid's Token Surges Amid New Perpetual Futures Plans and Lending Launch
On September 21, 2026, Hyperliquid’s token (HYPE) reached a new all-time high of $95.17 after rising by 4.7% in just one day. This follows two previous record highs within the same week and outperformed major cryptocurrencies like Bitcoin (+8.2%) over the past seven days with an impressive gain of 18.5%. The surge is attributed to several factors, including Payward’s announcement that it plans to launch HYPE perpetual futures for U.S. traders via its CFTC-regulated exchange Bitnomial. Hyperliquid also launched a new lending feature on September 18, allowing users to borrow stablecoins using HYPE or Bitcoin as collateral. On the first day of this service, over $269 million was borrowed by users, reducing selling pressure and supporting price gains. Additionally, only about 26% of Hyperliquid’s total token supply is currently in circulation, which contributes to increased demand due to limited availability. Despite these positive developments, future token unlocks could pose a dilution risk for investors.
Topics: HYPE token price surge Hyperliquid regulated trading short squeeze