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HYPE Jumps 18.84% to $38.02 Amid Hyperliquid Ecosystem Expansion

Ripple Prime’s integration with Hyperliquid enhances institutional access to DeFi liquidity, driving HYPE gains despite wider crypto market declines.

XRP
HYPE

Summary

Ripple announced that its institutional prime brokerage platform, Ripple Prime, now supports Hyperliquid, enabling clients to access on-chain derivatives liquidity while cross-margining DeFi positions alongside traditional assets. This integration offers institutional traders greater capital efficiency across digital assets, FX, fixed income, OTC swaps, and cleared derivatives. Michael Higgins, Ripple Prime’s International CEO, said the move bridges DeFi and traditional finance. While XRP fell about 20% over the past week, Hyperliquid’s HYPE token surged roughly 64% in two weeks, recently peaking at $38 and finding support near $30. The announcement builds on prior momentum driven by whale activity and ongoing ecosystem expansion.

Terms & Concepts
  • DeFi: Short for Decentralized Finance, a blockchain-based form of finance that does not rely on central financial intermediaries.
  • On-chain Derivatives: Derivative contracts executed and settled directly on a blockchain network without intermediaries.
  • Cross-Margining: A risk management method allowing traders to use a single margin account across multiple positions to improve capital efficiency.