Institutional transformation heralds hype to rise in the future of DeFi
Source: CoinWorld
Time: 2025-09-10 18:59:39
Hyperliquid (HYPE) is gaining popularity among institutional investors as Lion Group transfers Treasury assets from SOL and SUI to HYPE, currently its main digital reserve. Hyperliquid traded $383 billion in August and total locked value (TVL) of $1.75 billion, accounting for 70% of the DeFi perpetual contract market. Supported by BitGo hosting and VanEck’s endorsement, HYPE price hit an all-time high of $51.50, up 450% since April. The native stablecoin USDH is about to be launched, with Paxos and Frax proposing to use reserve proceeds for HYPE’s buybacks.