Hype Surrounds HYPE Token as Hyperliquid Volume Nears $220 Billion

HYPE has continued its strong bull run and is nearing its all-time high. The token has jumped to $85, up sharply from the July low of $51.

The 30-day Hyperliquid's volume is nearing the $220 billion milestone, driven by the rising demand for tokens like Bitcoin, Ethereum, and HYPE. According to DeFi Llama, Hyperliquid handled over $76 billion in coins over the last seven days.

American investors are buying HYPE ETFs, with spot HYPE ETFs adding over $37 million this month, a big reversal after they lost over $15 million a month earlier. They now have a cumulative inflow of $315 million and hold $419 million in assets.