Hyperliquid's HYPE targets $115 after 274% YTD gain as tokenized markets expand
- —HYPE is up 274% year-to-date, outperforming major cryptocurrencies
- —Hyperliquid's HIP-3 markets hit roughly $115 billion in monthly volume in June
- —HIP-3 open interest climbed to nearly $4 billion last month
- —CFTC Chairman Selig said US regulators are preparing for tokenization and 24/7 markets
Why it matters: HYPE's rally hinges on demand for onchain derivatives and RWA markets, though Hyperliquid still lacks US regulatory approval.
Source: CoinJournal