Hyperliquid’s RWA boom attracts 169K wallets – Is $60 next for HYPE?

RWA-related activity accounted for 31.7% of new users in H1 2026 and attracted 169,000 wallets, making RWAs a significant entry point for new users into Hyperliquid [HYPE].

Of these, about 137,000 wallets stayed concentrated on RWA markets rather than diversifying into assets like Bitcoin [BTC] or Ethereum [ETH]. This accounted for 80.9% of these RWA-driven users keeping trading RWAs without switching to cryptocurrencies.

RWAs might not just be a gateway to the larger cryptocurrency space but rather a stand-alone destination within blockchain finance.

In fact, the performance of Bitcoin or Ethereum does not necessarily determine RWA adoption if users are using blockchain platforms for traditional exposures. 

Moreover, factors like institutional involvement, regulatory changes, user behavior, and the ongoing expansion of RWA adoption could affect Hyperliquid’s wider adoption and future price trajectory.

What does this mean for Hyperliquid?

This was in line with HYPE’s price action, trading at $57.39 at press time following a 22.52% increase over the previous year. A break above the descending trendline, however, might pave the way for HYPE to move toward $57.21 and $60, while a loss of support might force it to $51.20.