- HyperLiquid’s RWA open curiosity has skyrocketed as a result of elevated demand for the HIP-3 market.
- HYPE value is testing help close to the 50-day exponential transferring common.
- Elementary components level to sustained HYPE demand pushed by spot ETF inflows.
In line with DeFiLlama information, Hyper Liquid (HYPE)’s open curiosity (OI) reached roughly $11.07 billion on July 13, marking a brand new file since early 2026, however has declined to $10.88 billion on the time of writing. The HIP-3 market contributed roughly $3.69 billion, and RWA open curiosity hit a brand new all-time excessive.
For context, HIP-3 is Hyperliquid’s permissionless builder-deployed perpetual system, launched in 2025 to decentralize PERP market creation and allow customized markets on high-performance chains. Specifically, HYPE has seen a surge in demand because the launch of HIP-3, initially declining by 52% within the closing quarter of 2025, however rebounding by roughly 280% in 2026.
Present standing of HYPE
Notably, HyperLiquid’s RWA open curiosity reached an all-time excessive of $3.68 billion, practically matching the complete contribution of HIP-3 in tokenized shares, commodities, and equities, together with the S&P 500 and SKHX. These, amongst different components, contributed to HYPE’s bullish momentum and optimistic sentiment throughout the Hyperliquid neighborhood.
You will need to observe that regardless of the prevailing bullish sentiment and the surge in open curiosity, HYPE value is present process a short-term correction. The cryptocurrency was buying and selling at $64.89 on the time of writing, down 3.7% from Monday morning’s opening value, in keeping with TradingView information. Nonetheless, the token maintains a bullish medium-to-long time period construction with a large market cap of $16.4 billion, in keeping with CoinMarketCap information.
HYPE from a technical perspective
Technical indicators reveal that HYPE is testing a short-term bearish breakout under a key ascending help line on the every day chart. Under this stage is the 50-day exponential transferring common, at the moment sitting at $63.15.
Quite the opposite, the bulls are dealing with resistance at $69.00, which is near the psychological stage of $70.00. A breakthrough can be geared toward HYPE’s all-time excessive of $76.87, set on June 16, 2026. In the meantime, every day indicators counsel a “sturdy purchase” following secure volumes previously, though the cryptocurrency’s overbought situation as a result of current good points may result in a wholesome however short-term reset.
Key elementary driving forces
In the meantime, HYPE’s underlying drivers level to sustained demand, pushed by spot ETF web inflows of $10.36 million final week. This causes a surge in open curiosity throughout Hyperliquid’s derivatives and RWA markets. However, you will need to observe that upgrades like HIP-3 would require you to stake a considerable amount of HYPE and can deplete the availability of liquid from the open market.
Associated: Hyperliquid Value Prediction 2026: Can HYPE attain $100 in 2026?
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