HYPE price soars 58% amid exploding commodities trading on Hyperliquid

HYPE has entered a classic breakout stage after its onchain activity exploded, with a 45% price rally to $50 next in the cards.

Hyperliquid's native token, HYPE (HYPE), is up 23% over the last 24 hours to trade at $33, significantly outperforming other top-cap cryptocurrencies. The altcoin has gained 58% over the last three days to an eight-week high of $34.5 as commodities trading on Hyperliquid surged to new highs.

Key takeaways:

HYPE has surged over 57% in 72 hours, driven by high commodities trading on Hyperliquid HIP-3 DEXs.

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