Hyperliquid HYPE Token Expands to Solana, Base, and Unichain via Wormhole

Hyperliquid has successfully expanded its HYPE token to three new chains: Solana, Base, and Unichain, through the Wormhole protocol. This move aims to reduce liquidity fragmentation and provide HYPE holders with faster transactions and lower fees on their preferred chains. Unichain's launch on September 3, 2025, brought bridging to the three destinations, with liquidity incentives attached to the USDC/HYPE and USDC/SOL trading pairs.

Trading activity has followed the token to its new homes, with HYPE recording daily trading volumes in the millions on Solana. The tokenized value of the Wormhole-issued version on Solana has reached approximately $66 million, with the token trading at around $90. This level is tied to strong adoption, and HYPE's maximum supply is 1 billion, with a circulating supply in the low hundreds of millions.

Hyperliquid's trading layer, HyperCore, can process up to 200,000 orders per second, making it competitive in the market. This expansion adds a dependency on Wormhole functioning as intended, but it also opens up new opportunities for traders and liquidity providers on the three chains.