Hyper Rebounds to $81 as Regulatory Efforts Gain Momentum

Hyper (HYPE) has seen a price rebound after hitting lows around $77. The token has climbed more than 3% over the past 24 hours, and is currently trading near $81.

This increase comes on the heels of market reports highlighting Hyperliquid L1's move from eighth to seventh in chain total value locked rankings, overtaking Arbitrum. At the time, both networks were at roughly $1.40 billion in TVL.

Total value locked across the Hyperliquid protocol stood at $6.73 billion, up 11.6% over the past 30 days, according to MSB Intel.