Bitcoin
Bitcoin (BTC)
$112,182.00 0.97619
Bitcoin price
Ethereum
Ethereum (ETH)
$4,312.27 0.77818
Ethereum price
BNB
BNB (BNB)
$878.95 0.42403
BNB price
Solana
Solana (SOL)
$216.39 7.00198
Solana price
XRP
XRP (XRP)
$2.98 4.07701
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 4.42501
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 4.58897
Pepe price
Bonk
Bonk (BONK)
$0.0000229 12.81755
Bonk price
dogwifhat
dogwifhat (WIF)
$0.863605 5.35414
dogwifhat price
Popcat
Popcat (POPCAT)
$0.261923 7.72728
Popcat price
Bitcoin
Bitcoin (BTC)
$112,182.00 0.97619
Bitcoin price
Ethereum
Ethereum (ETH)
$4,312.27 0.77818
Ethereum price
BNB
BNB (BNB)
$878.95 0.42403
BNB price
Solana
Solana (SOL)
$216.39 7.00198
Solana price
XRP
XRP (XRP)
$2.98 4.07701
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 4.42501
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 4.58897
Pepe price
Bonk
Bonk (BONK)
$0.0000229 12.81755
Bonk price
dogwifhat
dogwifhat (WIF)
$0.863605 5.35414
dogwifhat price
Popcat
Popcat (POPCAT)
$0.261923 7.72728
Popcat price
Bitcoin
Bitcoin (BTC)
$112,182.00 0.97619
Bitcoin price
Ethereum
Ethereum (ETH)
$4,312.27 0.77818
Ethereum price
BNB
BNB (BNB)
$878.95 0.42403
BNB price
Solana
Solana (SOL)
$216.39 7.00198
Solana price
XRP
XRP (XRP)
$2.98 4.07701
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 4.42501
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 4.58897
Pepe price
Bonk
Bonk (BONK)
$0.0000229 12.81755
Bonk price
dogwifhat
dogwifhat (WIF)
$0.863605 5.35414
dogwifhat price
Popcat
Popcat (POPCAT)
$0.261923 7.72728
Popcat price
Bitcoin
Bitcoin (BTC)
$112,182.00 0.97619
Bitcoin price
Ethereum
Ethereum (ETH)
$4,312.27 0.77818
Ethereum price
BNB
BNB (BNB)
$878.95 0.42403
BNB price
Solana
Solana (SOL)
$216.39 7.00198
Solana price
XRP
XRP (XRP)
$2.98 4.07701
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 4.42501
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 4.58897
Pepe price
Bonk
Bonk (BONK)
$0.0000229 12.81755
Bonk price
dogwifhat
dogwifhat (WIF)
$0.863605 5.35414
dogwifhat price
Popcat
Popcat (POPCAT)
$0.261923 7.72728
Popcat price

Hyperliquid price at record high; USDH vote and 80% fee cuts fuel rally

Jayson Derrick
Edited by
News
Hyperliquid price at record high; USDH vote and 80% fee cuts fuel rally - 1

Hyperliquid price reached an all-time high, following news of a stablecoin launch and a major institutional vote of confidence.

Summary
  • Hyperliquid reached an ATH following several major announcements
  • Singapore-based fintech and trading platform Lion Group ditches Solana and SUI for Hype
  • The protocol is gearing up for major technical upgrades and its own stablecoin launch

On Monday, September 8, Hyperliquid (HYPE) price was up 7.5%, reaching an all-time high of $51.89. With a market cap of $16 billion, HYPE is now the eleventh-largest crypto asset, ahead of Chainlink (LINK). The move followed several significant developments for the DEX, including a major nod of confidence from an institutional player, network upgrades, and stablecoin plans.

For one, on Monday, September 8, Singapore-based trading platform Lion Group announced that it will convert Solana (SOL) and Sui (SUI) holdings into HYPE tokens. The Nasdaq-listed firm specializing in alternative investments stated that HYPE offers better long-term value creation than Solana and SUI. They also called the token “the most compelling opportunity” in DeFi.

Lion Group stated that it will convert its SOL and SUI positions into HYPE over time, buying at times when the token is down. Notably, Lion Group’s shift to Hyperliquid signals the institutional legitimacy the token has acquired, showing to some that it is now “safe” to invest. It also follows the decision from the asset manager BitGo to launch HyperEMV custodial solutions in the United States.

Hyperliquid to launch USDH stablecoin

Another significant development that pushed Hyperliquid to its ATH is the latest governance vote, which proposed the launch of the USDH. The Hyperliquid-based stablecoin, according to the company, is supposed to launch as part of the protocol’s next major upgrade.

The upgrade, announced on September 5, will cut fees for certain trading pairs by 80% and reduce rebates. According to the DEX, this move would boost liquidity on the high-frequency trading DEX.