Hyperliquid’s (CRYPTO: HYPE) native cryptocurrency has bucked the broader cryptocurrency market decline, posting double-digit gains in 2026.

The Big ‘HYPE’

The decentralized perpetual exchange token has pumped 35% year-to-date, becoming the most successful token among those with at least $1 bililion in market capitalization.

Oil Volatility Helping Hyperliquid?

Hyperliquid, powered by its own Layer-1 blockchain, has seen a surge in oil-linked perpetuals activity as speculators rushed to profit from the wild swings triggered by the ongoing Middle East war.

In fact, the volume for tokenized West Texas Intermediate oil hit $1.77 billion in the last 24 hours, trailing only the Bitcoin…

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