Hyperliquid, the native token of the Hyperliquid perpetual-futures protocol, has risen 284% in 2026 as the platform maintains an approximately 34.6% share of decentralized perpetual-futures trading volume. The asset recently reached an all-time high near $98 and is trading around $91.80. Market pricing assigns an 84.5% probability to Hyperliquid reaching $100 by December 31, 2026, suggesting traders see further gains as plausible rather than certain. Future price action will be watched alongside changes in trading volume and open interest, as well as regulatory developments, partnerships, technological advances and shifts in competition among decentralized exchange platforms. Vera is offering live prediction-market analysis on the asset.