Robinhood lists Hyperliquid’s HYPE token, while Hyperliquid surpasses Aster in Perp DEX volume, boosting HYPE’s price by 9%.
Robinhood has added Hyperliquid’s native token, HYPE, to its platform for U.S. clients, marking a key moment in the token’s growth.
As this listing takes place, Hyperliquid has reclaimed the top spot in perpetual decentralized exchange (DEX) trading volume, surpassing competitors like Aster and Lighter. HYPE has surged over 9% today, driven by the excitement around its Robinhood debut.
Robinhood Lists HYPE for U.S. Clients
Robinhood has officially listed Hyperliquid’s native token, HYPE, for spot trading, expanding its offerings for U.S. customers. This move comes amid the platform’s push to include more tokens and provide more options for investors.
Recent listings also included Binance Coin and other coins, including competitors like Aster.
HYPE’s listing on Robinhood has had an immediate impact on its price, with the token rising over 10% today. Data from TradingView shows that the price has broken above $40 from an intraday low of $35. HYPE has had a solid year, with a year-to-date gain of over 66%.
The token had previously hit an all-time high of $60 before pulling back during the broader market decline.
Hyperliquid Surpasses Aster in Perp DEX Volume
Hyperliquid has reclaimed its position as the top perpetual decentralized exchange (DEX) by trading volume, overtaking Aster and Lighter.
According to DeFiLlama data, Hyperliquid recorded $11.515 billion in trading volume over the last 24 hours. Aster and Lighter followed closely with volumes of $10.38 billion and $10.26 billion, respectively.
Despite Hyperliquid’s recent dominance in 24-hour trading volume, Aster has outpaced it over the last seven days. Aster recorded a trading volume of $91.5 billion in the past week, while Hyperliquid and Lighter reported volumes of $64 billion and $60 billion, respectively.
Hyperliquid’s strong volume performance reflects increased interest in the platform and the growing competition in the decentralized finance space.
Fees and Buybacks Add to Hyperliquid’s Appeal
Hyperliquid is also seeing a rise in fee generation, with $4.26 million in fees recorded in the last 24 hours.
Over the past seven days, the exchange has earned $24.61 million in fees. These fees are partly used for HYPE token buybacks, which could further support the token’s price as demand increases.
In terms of fees, Hyperliquid ranks fourth behind major players like Tether, Uniswap, and Circle. The increase in fees and buybacks demonstrates the platform’s growing financial strength and appeal to both retail and institutional investors.
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