HYPE Token Surges 24% Amid Record Hyperliquid Trading Volume
- HYPE token jumps 24% as Hyperliquid HIP-3 sets a trading record.
- HIP-3 sees $793M open interest, driven by commodities trading.
- Hyperliquid highlights liquidity benefits and tighter spreads in trading.
Hyperliquid’s HIP-3 reached a record $793 million open interest on January 26, 2026, fueled by commodities trading, leading to a 24% surge in the HYPE token.
The record-breaking open interest signals increased market confidence, particularly in commodities trading, impacting HYPE token valuation and showcasing Hyperliquid’s growing influence in the financial markets.
HYPE Token Performance
The HYPE token experienced a 24% increase following the record-setting $793M in open interest on Hyperliquid’s HIP-3 platform. This rise is attributed to high trading in commodities like gold and silver since October 2025.
Led by CEO Jeff Yan, Hyperliquid has become a leading venue for perpetual contracts on traditional assets. The platform requires staking 500,000 HYPE to launch markets, emphasizing its commitment to financial system modernization.
Impact of Record Open Interest
The record open interest highlights the growing appeal of Hyperliquid among traders. The substantial increase in HYPE token value reflects a boost of confidence in the platform’s liquidity advantages, as mentioned by CEO Jeff Yan.
With 97% of trading fees allocated for HYPE buybacks, this creates deflationary pressure on the token. These financial dynamics strengthen the token’s market position, attracting increased trading volume and interest.
“Thanks to the teams working with HIP-3, we have also become the most liquid venue for perpetual contracts on traditional assets. Thank you all for your hard work as we modernize the financial system and bring all finance together in one place.” – Jeff Yan, CEO of Hyperliquid
Market Engagement and Strategy
The current activity suggests increased engagement in the market with substantial financial implications for those involved. The involvement of commodities and equity indices indicates a diversified interest in Hyperliquid’s offerings during this period of market activity.
Hyperliquid’s strategy might lead to enhanced competitiveness in the broader financial market through offering tighter spreads and deeper order books. Historical trends suggest potential for further adoption among traders focused on traditional and cryptocurrency markets.
