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Hyperliquid’s HYPE token has surged to a 2026 high of $45, rising over 108% from its yearly low. The rally is driven by strong trading activity, rising RWA open interest of $2.3 billion, and record daily revenue since February. Market attention is also on the upcoming HIP-4 upgrade, which may introduce binary options trading. The Hyperliquid Assistance Fund bought 37,000 HYPE tokens worth $1.6 million, supporting its buyback and burn program. Net inflows over 90 days exceeded $950 million overall.
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