HYPE, the native token of the Hyperliquid ecosystem, reached a new all-time high of 77.44 USDT on Bybit and was later trading at 77.08 USDT, up 4.63% over 24 hours. The rally reflects increased interest in Hyperliquid’s decentralized perpetual-futures platform and the broader decentralized finance sector. Trading volume rose substantially over the past week, while improved market sentiment and platform adoption were cited as contributing factors. HYPE is used for staking and governance, although the token remains exposed to the volatility and correction risks common to crypto markets.