Crypto Market on the Rise as HYPE and SOL See Double-Digit Gains
The cryptocurrency market has seen a significant shift in sentiment over the past week. Traders that were cautious just a week ago are now seeing green candles across the board, and leverage is returning to the markets.
One of the standout performers is Hyperliquid's HYPE token, which has set a new all-time high near $98 on September 23. The token trades around $93.50, about 20% higher than a week ago, and has more than doubled in value over the past year.
HYPE's open interest has climbed to $18 billion, fueled by ongoing buybacks and ecosystem growth. The platform now ranks among the top 10 apps by fees and leads on year-to-date revenue.
Solana is also seeing a significant price gain, up about 16% this week and roughly 22% over the past month. Solana's market capitalization sits at around $66.5 billion, with daily trading volume near $4.8 billion.