Hyperliquid's HYPE token surged more than 22% in 24 hours and reached an intraday high near $72.58 after Coinbase integrated Hyperliquid perpetual futures into its Base App. The move gives eligible users access to more than 290 perpetual markets across cryptocurrencies, stocks and commodities, with leverage of up to 50x depending on the product. Users access the offering through Base App while Hyperliquid executes the trades. Coinbase has said perpetual futures account for about 75% of cryptocurrency trading volume and that the feature was among the most requested by Base App users. The service remains unavailable in jurisdictions that restrict leveraged crypto derivatives, including the US, UK and Canada, as Coinbase broadens Base App beyond social and creator tools into trading, payments and artificial intelligence agent functions.