HYPE Token Hits $23: Hyperliquid Secures Binance, Coinbase, and Institutional Backing in 24-Hour Rally

In one of the most remarkable twists ever in the history of cryptocurrency, the native token of Hyperliquid, HYPE, rose more than 25% in the past 24 hours as of November 5, 2025. The volume of trading has shot to historic heights, exceeding 2.5 billion and institutional investors and retail traders are flocking to what many are declaring as the next big thing in decentralised finance.

This influx follows the news that might rebrand Hyperliquid as a player within the competitive space of the DeFi industry, which is being compared to the hyper-growth periods of Solana and Avalanche during their infancy.

The time could not be better than Hyperliquid, which is the Layer 1 blockchain designed with the aim of high-frequency perpetual futures. Introduced at the end of 2023, the platform has quietly developed a reputation for its very fast speeds of transactions, with sub-millisecond latency, and low fees that are lower than even centralised giants such as Binance.

However, now, those initial advantages are finally being reflected in mainstream momentum due to a flurry of high-profile developments, which analysts are talking of the possibility of a bull run well into the new year.

Hyperliquid Places Listings on Binance and Coinbase: Portal to Mass Adoption

The centre of the current hype is two parallel announcements of the listing of HYPE tokens at the same time on two of the largest crypto exchanges in the world, Binance and Coinbase.

In an early morning tweet, Binance, the world’s largest exchange with more than 150 million users, announced that the HYPE trading pair, such as HYPE/USDT and HYPE/BTC, would be released at 12:00 UTC. Coinbase was not outmanoeuvred and announced support of HYPE just a few hours after, putting it on its more advanced trading platform with staking rewards to any eligible user.

These exchanges are not just technical integrations; they are a kind of referral of the gatekeepers of crypto accessibility. In the case of Hyperliquid, which has been running in the shadows of more established chains, it will equate to access to billions of liquidity pools and a direct pipeline to institutional capital.

This is the inflexion point we have been waiting on, one pseudonymous trader, on one of the more popular Discord channels, said, in echoing the feeling on social media. The technology of Hyperliquid was ahead of the curve, and now the world can see it.

The reaction to this in the market was gut-level. HYPE, which stayed around the level of $18.50 at the end of the previous trading day, surged through the resistance and hit the level of $23.40 just several minutes after the Binance news. It was stable at midday with open interest on Hyperliquid native perpetuals market rising by 40% to more than $1.2 billion.

This is not mere speculative froth; there are real underlying metrics behind the rally in terms of utility. The number of people using the Hyperliquid chain every day has already doubled in the last week to 450,000, whereas the total value locked (TVL) of the platform has increased 150% in comparison with the numbers at the end of October.

Much of this, experts attribute to the fact that Hyperliquid has a highly specialised hybrid consensus mechanism that is a combination of proof-of-stake and zero-knowledge proofs to achieve unparalleled scalability.

At a time when the congestion of Ethereum-based networks has become a nightmare and even Optimistic Rollups cannot scale to the extent of making 100,000 trades per second, the fact that Hyperliquid can process 100,000 trades per second without losing its decentralised nature is a beacon of hope to derivatives traders escaping the high-gas frontiers.

Instantaneously Supported by Institutions: Hyperliquid Integrations in the View of BlackRock and Fidelity

To give further rocket fuel to the price action, this morning, it was reported that both BlackRock and Fidelity were engaged in serious discussions regarding the integration of Hyperliquid oracle feeds into their forthcoming offerings of crypto ETFs.

Although neither company has made the official announcements, the insiders of negotiations have characterised talks as very constructive and a rollout is planned in Q1 2026. This would be the first venture into traditional finance of Hyperliquid, making the step between the wild frontier of DeFi and the corridors of traditional Wall Street regulation.

BlackRock, the company that recently got its Ethereum ETF approval earlier this year, has been looking aggressively at the next-generation chains that place an emphasis on security and efficiency.

The audited smart contracts made by Hyperliquid and certified by leading auditing firms such as Certik and PeckShield, and its in-built ability to facilitate cross-chain settlements, put Hyperliquid in the best position to be the candidate.

Fidelity, in its turn, is reported to consider Hyperliquid to execute the options trading simulations with the help of low-latency, which also points to the origins of the platform being rooted in the high-frequency finance.

There is no vacuum of this institutional interest. The wider crypto market has been on a run since the Federal Reserve of the United States dropped its interest rate last month, with a sudden rush of liquidity into risk assets. The Bitcoin, the market leader, is nearing $75,000, and the Dencun upgrade of Ethereum keeps introducing DeFi releases.

Hyperliquid, having invested in perpetuals (now more than 70% of the world’s crypto derivatives volume), is ideally poised to harness this tailwind. The platform alone collected trading fees amounting to $45 million in the previous quarter, and 90% of it was paid out to HYPE stakers, which forms a flywheel of adoption.

Technical Developments: HyperCore Upgrade on Hyperliquid Goes Live

Back of the headlines: Hyperliquid was releasing its biggest update to date: HyperCore 2.0. This wireless upgrade will change to adaptive liquidity pools that adapt to volatility spikes, up to 60% of slippage during peak times.

It also introduces Flash Settlements, the ability to cross-margin instantly across asset classes, the idea being that you can use your BTC position to open ETH perps that you can open without selling.

The rollout of the upgrade was perfect, with more than 5 million transactions being done within the first hour without any hiccups. This technical skill is not by chance; the founding team of Hyperliquid, a combination of former Jump Trading quants and blockchain experts at Cosmos, has continued to turn over its users and has produced features over and over again.

First-movers boast of the user-friendly dashboard that is as sophisticated as Bloomberg terminals, but is gas-free when it comes to simple tasks. Critics, however, warn against the over-hyping of the rally. As the fully diluted valuation of HYPE now hits a record high of close to 12 billion, others consider HYPE overbought indicators on the RSI scale, hovering around 85.

It has been said that momentum is king, though corrections are inevitable, according to a market analyst in a morning newsletter. However, even cynics acknowledge the fact that the revenue-sharing concept of Hyperliquid, in which half of the protocol fees are returned to the community, is what makes it stand out against tokenomics black holes such as most meme coins.

Community and Ecosystem Growth: Partnerships Power Vision Over the Long Run

The news nowadays goes beyond price charts. Through Hyperliquid, Chainlink was announced to provide a better oracle reliability, and Aave was announced to provide smooth integrations of lending, where users could borrow against HYPE assets at 2% rates. Such actions open up the ecosystem, attracting developers who are creating everything, such as NFT derivatives to AI-controlled trading bots.

The reaction of the community has been jolting. The HyperCore upgrade, which is conducted on-chain, was voted 92% in favour, which indicates that the HyperCore is determined to be decentralised. The voices in the space, podcasts and VCs alike, are hyping Hyperliquid as the Uniswap of perps, and the derivatives market overall will see it take 15% of the existing $500 billion in two years.

That, in prospect, whispers of a Hyperliquid Foundation grant program, in which HYPE doles out $100 million to DeFi creators, may trigger a summer of dApp launches. When the sun sets on November 5, 2025, one thing is evident which is that Hyperliquid is not merely on the crypto wave, but it will be crafting the next one.

Tailwinds of Regulations: SEC Greenlights Hyperliquid U.S. Operations

The U.S. Securities and Exchange Commission (SEC) has surprised regulators-watchers by issuing a no-action letter to Hyperliquid this afternoon, which in effect permitted U.S. full operations. The nod of approval is rare and is part of a wider softening of positions after the election; new leadership is a pro-innovation pivot.

The letter indicates that HYPE, which is a utility token through the network security and governance, is not subject to standard securities definitions. This prepares the way for bringing Hyperliquid to introduce compliant perpetual products specific to American traders, which could free up $50 billion of frozen capital. The competitors, such as dYdX and GMX, that have struggled with offshore limitations now have to contend with even tougher headwinds.

To the team at Hyperliquid, which is situated in Singapore but has substantial connections in the United States, this is payback after years of treading along the shades of grey. The lead developer of the project, under the pseudonym, wrote a blog post about his pseudonymous lead developer position, saying that compliance is a superpower, not a burden.

The news was released at an opportune moment when the shares were listed in the exchange market, and it helped expand the profits of the day and reduced the negative concerns of an overhang in regulation.

Market Implications: How Hyperliquid Could Reshape DeFi Derivatives

The ripple effects are already felt as HYPE continues to secure its position among the top 50 coins in terms of market cap. Competitors such as Arbitrum and Base are in a frenzy to keep up with the speed of Hyperliquid, and centralised exchanges are looking to acquire to remain relevant. To retail investors, it is more options available: either trade perps with the safety of on-chain disclosures or invest in HYPE to receive over 20% APY.

However, sustainability is important. The playbook of Hyperliquid, focusing on uptime (99.99% since inception) and incentives to the community, makes the company sustainable in a field full of flash-in-the-pan projects.

As the reverberations of Bitcoin halving have yet to fade, and the hype about the altseason is getting deafening, the current pump looks like the introductory chapter to the magnum opus of Hyperliquid.

The date November 5, 2025, is going to be marked in the timeline of crypto as the day when Hyperliquid comes out of the laboratory and into the limelight. Whether this wave can remain and trigger the larger movement, there is one statistic that can not be disputed: the future of DeFi trading has become a great deal quicker.