DeFi + Perps + RWA Triple Narrative Overlay
$HYPE Today HYPE is trading around $39.5, down 1-2% in the last 24 hours, with market cap holding steady in the top 10 and daily trading volume of 200-300 million dollars.
Over the past week it's actually up around 6%, but today it's following the market with a slight pullback.
The main positive catalyst is Grayscale officially filing an S-1 application on March 20 to launch the HYPE ETF (ticker GHYP). If approved, institutions will have a clear entry channel.
Hyperliquid itself has substantial perpetual trading volume, accumulating 191B+ over 30 da