Hyperliquid (HYPE) targets $115 as tokenized asset trading gains momentum

What happened

Hyperliquid's HYPE token has risen 274% so far this year, making it one of the strongest large cryptocurrencies. CFTC Chairman Michael Selig said US regulators are preparing for tokenization, onchain finance, and continuous markets. Hyperliquid's HIP-3 markets handled up to $115 billion in monthly trading volume in June.

Confirmed

Global impact / market context

Strong price gains plus huge trading volume show real demand for Hyperliquid's tokenized asset markets. If US regulators formally support tokenization and continuous markets, more trading could shift onchain, which may boost fees, revenue, and the value investors place on HYPE.

Analyst inference

HYPE's 274% yearly gain stands out among large cryptocurrencies, while $115 billion in June HIP-3 volume shows these markets already attract heavy activity. Regulatory preparation for tokenization could let traditional assets trade around the clock, pulling investor attention and capital toward onchain venues like Hyperliquid.

Analyst inference

What to watch

1. Watch whether Hyperliquid's HIP-3 monthly trading volume stays near or above the $115 billion level seen in June. A drop would suggest weaker demand for its tokenized markets. Confirmed
2. Watch for formal US regulatory proposals or rules on tokenization, onchain finance, and continuous markets after CFTC Chairman Michael Selig's stated preparation. Concrete rules could clarify which platforms may legally serve US investors. Proposed
3. Watch whether HYPE holds its 274% year-to-date gain or gives some back. A pullback could signal investors already priced in friendly regulation, while further gains suggest they expect more onchain trading activity. Analyst inference

Affected assets

• HYPE — Hyperliquid

Evidence

• coinjournal.net