Update
Hyperliquid HYPE Token Retreats
Hyperliquid’s HYPE token has retreated approximately 22% from its September record near $98, despite the decentralized trading platform commanding $7.7 billion in open interest. With a $17 billion market capitalization and billions in cumulative trading fees, Hyperliquid remains a dominant force in decentralized perpetual futures exchanges. However, the token’s price has dropped below its all-time high, raising concerns about its future performance in the face of competition and new token releases.