Hyperliquid (HYPE) jumps 35% as it reaches top 12 cryptocurrencies Is it the next Solana?
Hyperliquid’s native token, HYPE, has become one of the fastest-rising assets in the crypto market after recording a 35% year-to-date gain despite weakness across major digital currencies. While Bitcoin and Ethereum have traded sideways, Hyperliquid has broken away as a top performer, recently pushing into the top 12 cryptocurrencies by market capitalization . As of late November 2025, HYPE trades near the $35 level with a market valuation approaching $12 billion . Its move into large-cap territory reflects growing demand from retail traders and professional market participants searching for alternatives beyond traditional layer-1 assets. Why Hyperliquid is rising Hyperliquid is not just another hype-driven crypto project. It operates a decentralized derivatives platform powered by its custom-built blockchain , delivering fast execution, zero-gas trading, and advanced tools typically found on centralized exchanges. A major catalyst is the project’s fee buyback model , where mos...