HYPE Token Surges 10.8% on Kraken Perpetuals Announcement

The HYPE token has surged by 10.8% on Kraken Perpetuals announcement, driven by multiple structural catalysts and a supportive macro context.

Payward's plan to launch CFTC-regulated US onchain perpetual futures markets using Hyperliquid's HIP-3 protocol is the most significant catalyst for the price increase.

Hyperliquid's internal growth, particularly in real-world asset (RWA) markets, has also contributed to investor conviction.

The RWA perpetuals on Hyperliquid rose from 2% of its volume in January 2026 to nearly 50% by the summer, framing it as a structural shift toward tokenized equities and RWAs.