HYPE, the native token of HyperLiquid, has been listed on Binance Futures with leverage of up to x75.
In just one month, the price of HYPE has surged by 77.5%, with HyperLiquid recording days with over $11 billion in volume, solidifying its position in the market.
Despite a minor 4.3% dip, the token continues to attract massive attention, fueling speculation for a spot listing on major CEX platforms.
Binance announces the listing of futures contracts on HYPE
It’s one of the most closely watched tokens at the moment. Surging for several weeks, HYPE, the native token of layer 1 and decentralized exchange HyperLiquid, has now been listed on Binance Futures. The platform now offers perpetual contracts in USDT with leverage up to 75x. A significant recognition for this competing project that is rapidly making waves in the crypto derivatives landscape.
HYPE surges, Binance adapts
The timing is no coincidence. In one month, HYPE has surged by 77.5%, propelling the token into the top 15 globally by market capitalization. HyperLiquid, its original platform, saw $11 billion in volume in perpetual contracts in a 24-hour period, becoming a major hub in this cycle for decentralized derivative products.
By listing HYPE, Binance plays an offensive card against the rise of a direct competitor. While some see it as a defensive strategy, others view it as a move to ride the market momentum. Especially since Binance Futures, still a volume leader with $91 billion in 24-hour trading, shows no signs of giving up ground in this strategic segment.
Spot listing: the battle heats up
The interest in HYPE goes beyond just futures trading. On X, many traders, like Flood, have long supported the listing of HyperLiquid’s token on ‘tier 1’ CEX platforms.
The message is clear: the race for a spot listing has begun, and the stakes could be enormous.
However, despite Binance’s loud announcement, HYPE has dropped by 4.3% in the last 24 hours. Nothing to be alarmed about: the movement is part of a general correction in the crypto market. The overall trend, however, remains decidedly bullish.
HyperLiquid, the outsider turned benchmark
With its performance and full on-chain positioning, HyperLiquid embodies a new generation of DeFi platforms specializing in derivatives. Its rise mirrors that of dYdX in the previous cycle, with a more aggressive twist, an ultra-engaged community of traders, and most notably, the largest airdrop in crypto history.
By listing HYPE on its leveraged contracts, Binance tacitly validates the project’s meteoric trajectory. It remains to be seen which player will be the first to announce a spot listing, and perhaps reap the promised jackpot.
