According to foreign media, Hyperliquid recently entered the top 10 market values for encrypted assets. According to the article, this round is not simply following market sentiment, but is directly related to the expansion of the platform ' s operations, the growth of transaction revenue and the HYPE buy-back mechanism.

Extension of the Platform ' s operations to more goods

The article mentions that Hyperliquid was the first to be the main recipient of encrypted asset transactions, which later extended the range of products to crude oil futures, stock-in-stock products, market openings to be listed, forecast markets, gold and other large commodities. Compared to the fixed market break in some of the traditional trading sites, Hyperliquid provided a 24-hour trade, a feature that led to the need for a permanent contract for crude oil during periods of tension in the Middle East.

Income growth-led currency buyback

With more users entering the platform, the income of Hyperliquid has risen significantly. According to the article, 99 per cent of the transaction costs of the platform were repurchased for HYPE, which was considered to be one of the important reasons for the continued growth of HYPE in 2026.

  • HYPE rose to a historical high of US$ 76.70 on June 16, 2026
  • Repurchase of Platform fees is reported to have reached 99 per cent
  • The scope of business has been extended from encrypted transactions to up to the level of financial products

Changes in market pricing logic

According to the article, there has been a change in investors ' perception of hype. Part of the money is no longer seen as ordinary, but rather as a token for a fast-growing, real-income trading platform. In this logic, the hype valuation anchor no longer depends solely on the overall trend in the encryption market, but is also more closely tied to the expansion of the platform ' s operations and revenue performance.

However, the article is per se a point-of-view analysis, with the core judgement being whether Hyperliquid will continue to sustain its current growth rate and whether the expansion of the platform will continue to support buy-back intensity and market valuation.