Hyperliquid leads other chains in DEX trading volumes, which hit $70 billion on Feb. 5, 2026.
Hyperliquid (HYPE) crypto price, one of the leading market altcoins, retained a weekly price surge of 15%, amid a broader bearish sentiment. This bold move by HYPE has led to speculations about an incoming price rebound.
According to CoinMarketCap data, Hyperliquid (HYPE) crypto is currently priced at $33.23, down 4.2% over the past 24 hours.
Despite the daily decline, HYPE price was still up more than 15% over the previous week. Likewise, the Hyperliquid price increased by 21.3% within the past month
The weekly and monthly rallies quickly grabbed the attention of community members. Many perceive it as a precursor to an imminent bullish price rebound for HYPE.
Besides, the daily trading volume also rose more than 61% to $1.32 billion. This spike suggests increased attention and accumulation from investors.
Typically, when demand for an asset increases, the price usually goes up as supply drops. If this scenario plays out in the current cycle, HYPE could easily see a rebound and possibly hit a new all-time high.
Surprisingly, while HYPE pumped on the weekly chart, the broader crypto market bled profusely. For instance, Bitcoin (BTC) dropped 19.8%, and Ethereum (ETH) declined by 23% within the same timeframe.
Other altcoins like Binance Coin (BNB), Solana (SOL), Cardano (ADA), and even Dogecoin (DOGE) meme followed similar downward trajectory.
Meanwhile, the weekly Hyperliquid crypto surge is backed by major ecosystem expansion. Earlier this week, HYPE rallied after Hyperliquid expanded into on-chain prediction markets.
Notably, HyperCore confirmed support for HIP-4, permitting third-party builders to deploy outcome markets.
In addition, Ripple has announced support for the HYPE token. As disclosed by the blockchain firm in a press release, institutions can now access Hyperliquid crypto on the Ripple brokerage platform.
Specifically, the Ripple-Hyperliquid integration enables institutional clients to access onchain derivatives liquidity.
At the same time, institutions receive exposure to cross-margining decentralized finance (DeFi) with all other asset classes supported by Ripple Prime. This includes digital assets, FX, fixed income, OTC swaps, and cleared derivatives.
Ripple Prime also benefits from the integration with Hyperliquid crypto. The integration continues its mission to bridge traditional finance (TradFi) and decentralized finance (DeFi).
Ripple offers institutional access to DeFi venues within a simplified, capital-efficient prime brokerage framework.
Clients can access Hyperliquid liquidity, while they benefit from consolidated margins, single counterparts relationship, and centralized risk management.
Furthermore, Hyperliquid crypto has recorded rising adoption in the decentralized exchange (DEX) markets.
DeFiLlama data revealed that perpetual DEX trading volumes hit $70 billion on Feb. 5, 2026. This the second-highest volume ever recorded in history,driven by the recent Bitcoin crash.
As shown in DeFiLlama’s chart, the Hyperliquid crypto dominated other crypto platforms in perpetual DEX trading volumes, with 35%.
In fiat terms, Hyperliquid (HYPE) logged $24.7 billion in volume that day. Platforms like Aster and edgeX also captured substantial volume shares during market sell-offs.
Aster registered $10.0 billion, edgeX logged $8.7 billion, and Lighter followed with $7.5 billion.
The growing Hyperliquid (HYPE) adoption in DEX markets signals increased institutional hedging rather than retail panic. However, it also raised questions on liquidity risks in concentrated exchanges.
Nevertheless, the platform has demonstrated its resilience amid a prevalent market liquidity. The high-performance Layer 1 blockchain delivers speed with extremely low latency, high throughput, and sub-second finality.
This enables better execution for high-frequency and large-scale trades compared to many Layer 2 competitors.
Hence, the protocol has attracted professional and institutional traders who prioritize reliability during chaos.
Moreover, the platform benefits from its fee-driven tokenomics, making it the preferred choice for serious leveraged trading.
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