Hyperliquid's native token, HYPE, has reached a new all-time high, fueled by increased trading activity and strategic regulatory engagement. On May 22, 2025, Hyperliquid's open interest hit $8.9 billion, a 53% surge from earlier in the month, nearing $12 billion on May 23, 2025.
This surge aligns with Hyperliquid's proactive response to regulatory discussions with the US CFTC, submitting comment letters highlighting the benefits of its decentralized infrastructure, which emphasizes transparency, self-custody, and continuous liquidity. Bitcoin's rise to $112,030 on May 22, 2025, also contributed to heightened investor interest in derivatives.
HYPE jumped over 12% in 24 hours, exceeding $37. The token has surged by over 94% in the previous 30 days. Hyperliquid introduced a revamped fee discount system and a new account linking feature on May 5, 2025, at 03:00 UTC, enhancing trading incentives and user flexibility. Hyperliquid has positioned itself as a pioneer of transparent, on-chain markets, differentiating itself from centralized exchanges by offering open, auditable transaction records on the blockchain.
The decentralized derivatives exchange Hyperliquid announced that it has submitted a regulatory opinion letter at the request of the US Commodity Futures Trading Commission (CFTC). As Hyperliquid's preparations to enter the US institutional market gain attention, its native token HYPE has surpassed $35, reaching an all-time high.