Hyperliquid Price Nears Record High: Revenue Growth and ETF Inflows Fuel Rally

BitcoinWorld

Hyperliquid Price Nears Record High: Revenue Growth and ETF Inflows Fuel Rally

Hyperliquid’s native token, HYPE, is approaching its all-time high, driven by a surge in network revenue and growing inflows into exchange-traded funds (ETFs) tracking the token, according to market data as of mid-February 2026.

Revenue Growth and ETF Demand Drive Momentum

The recent price rally is underpinned by a significant increase in Hyperliquid’s protocol revenue, which has climbed steadily over the past quarter. This growth reflects higher trading volumes on the platform, particularly in perpetual futures, a segment where Hyperliquid has established a strong niche. In parallel, the launch of several HYPE-focused ETFs in the United States and Europe has attracted institutional capital, providing a new demand channel for the token. As of February 18, 2026, cumulative net inflows into these funds exceeded $200 million, according to data from crypto asset manager CoinShares.

Market Context and Technical Outlook

HYPE is currently trading at $48.20, just 3% below its record high of $49.70 set on February 10, 2026. The token has gained 28% over the past month, outperforming the broader crypto market, which saw a modest 5% rise during the same period. Technical analysts note that the token has formed a clear support level at $45, and a breakout above the current resistance could trigger a move toward $55. However, some traders caution that the rally may be overextended in the short term, with the Relative Strength Index (RSI) hovering near 70, a level often considered overbought.