Trending Now - Hyperliquid Etfs Surge 50% in Volume, Approaching Record Levels

WHO:

Cointelegraph - ETF analyst Eric Balchunas

NewsBTC - Market analyst Aletheia

WHAT:

Bitcoinist - Hyperliquid’s native token, HYPE, pushed to a fresh all-time high near $63.

Bitcoinist - HYPE recorded about a 45% gain on the monthly time frame.

NewsBTC - Hyperliquid's token is currently trading at $58.354, which is 12% below its all-time high of $59.30.

NewsBTC - Solana's current trading price is around $86.51, with a circulating market capitalization near $49.99 billion and a 24-hour volume of about $2.74 billion.

NewsBTC - Hyperliquid's 24-hour trading volume is approximately $1.20 billion.

NewsBTC - Hyperliquid's spot ETFs recorded materially stronger inflows than any of their peers on a specific Tuesday.

NewsBTC - Hyperliquid's token is trading at $56.71, which is near its listed all-time high of $59.30.

NewsBTC - Hyperliquid's total revenue is reported at $790.55 million, ahead of Solana's revenue of $532.34 million, with TRON following at $471.20 million and Ethereum at $425.56 million.

NewsBTC - Hyperliquid has overtaken Solana on a fully diluted valuation basis, with Hyperliquid's fully diluted valuation at about $54.57 billion compared to Solana's $54.22 billion.

NewsBTC - Hyperliquid's circulating market capitalization is approximately $13.28 billion, with a current supply of 238.39 million HYPE against a max supply of 962.27 million.

NewsBTC - Hyperliquid's total revenue is reported at $790.55 million, surpassing Solana's revenue of $532.34 million.

Cointelegraph - Hyperliquid ETFs experienced a 50% increase in trading volume.

NewsBTC - Hyperliquid ETFs generated more inflows than Bitcoin on three of the first six trading days.

NewsBTC - Hyperliquid ETFs logged higher inflows than Ethereum on five out of six days.

NewsBTC - Hyperliquid spot ETFs bought 2.5 times as much HYPE as the Assistance Fund bought and burned in the first six trading days.

NewsBTC - Hyperliquid token is trading at $51.88, which is up 33% over the past week.

WHERE:

NewsBTC - The analysis focuses on the trading of Hyperliquid ETFs launched by 21Shares and Bitwise.

WHEN:

NewsBTC - Aletheia released a report on Wednesday regarding the first six days of trading for Hyperliquid ETFs.

WHY:

NewsBTC - Bitwise CEO Hunter Horsley stated, "There’s a new class in crypto: the revenue chains," highlighting the emergence of revenue-generating chains like Hyperliquid and Solana.

Cointelegraph - The increase in Hyperliquid ETFs is attributed to a boon for ETFs tied to the token amidst a downturn in crypto and traditional assets.

HOW:

NewsBTC - Hyperliquid's revenue is reported at $790.55 million, surpassing Solana's revenue of $532.34 million, TRON's $471.20 million, and Ethereum's $425.56 million.

NewsBTC - The Hyperliquid spot ETFs bought 2.5 times as much HYPE as the Assistance Fund bought and burned in the first six trading days, indicating significant market buying pressure.

NewsBTC - The comparison of Hyperliquid and Solana is framed as part of a broader category emerging in crypto known as "revenue chains."

NewsBTC - The report indicates that the Hyperliquid ETFs are competing with the Assistance Fund in terms of market buying pressure.

(UPDATED May 22, 2026 04:19 UTC)

Hyperliquid’s native token, HYPE, has reached a new all-time high of nearly $63. This impressive surge comes as HYPE recorded a significant gain of about 45% over the past month. Investors are certainly taking notice of this remarkable performance in the cryptocurrency market.

(UPDATED May 21, 2026 21:29 UTC)

Hyperliquid's token is currently trading at $58.354, which is 12% below its all-time high of $59.30, while its 24-hour trading volume stands at approximately $1.20 billion. In comparison, Solana's trading price is around $86.51, with a market capitalization close to $49.99 billion and a 24-hour volume of about $2.74 billion. Bitwise CEO Hunter Horsley recently pointed out the rise of revenue-generating chains, noting that Hyperliquid's revenue of $790.55 million surpasses that of Solana, TRON, and Ethereum.

(UPDATED May 21, 2026 19:44 UTC)

Hyperliquid's spot ETFs have seen significantly stronger inflows compared to their competitors, with their token currently trading at $56.71, just shy of its all-time high of $59.30. The company's total revenue stands at $790.55 million, surpassing Solana's revenue of $532.34 million, TRON's $471.20 million, and Ethereum's $425.56 million. Additionally, the Hyperliquid spot ETFs purchased two and a half times more HYPE than the Assistance Fund bought and burned during the first six trading days, highlighting robust market buying pressure.

(UPDATED May 21, 2026 12:02 UTC)

Hyperliquid has surpassed Solana in fully diluted valuation, reaching approximately $54.57 billion compared to Solana's $54.22 billion. Additionally, Hyperliquid's circulating market capitalization stands at around $13.28 billion, with a total revenue of $790.55 million, which exceeds Solana's revenue of $532.34 million. This comparison highlights the rise of a new category in the crypto space known as "revenue chains."

(UPDATED May 21, 2026 08:14 UTC)

Hyperliquid ETFs have seen a remarkable 50% increase in trading volume, according to analysts Eric Balchunas and Aletheia. In fact, these ETFs generated more inflows than Bitcoin on three of their first six trading days and outperformed Ethereum on five of those days, while the Hyperliquid token is currently trading at $51.88, reflecting a 33% rise over the past week. The surge in popularity for Hyperliquid ETFs, launched by 21Shares and Bitwise, is largely attributed to a favorable market environment for ETFs linked to the token amidst a broader downturn in both crypto and traditional assets.