Why Hyperliquid Jumped Another 11.6% on Tuesday
Source: Motley Fool
2026-06-16 12:16:23 ET
The Hyperliquid (CRYPTO: HYPE) cryptocurrency is surging. As of this writing at 10:40 a.m. ET on Tuesday, it's up 11.6% over the last 24 hours. It has also gained 24% in a week and 76% in a year. With an $18.8 billion market cap, it's the ninth-largest cryptocurrency on the market today.
What is Hyperliquid and why is it soaring?
Hyperliquid is a blockchain built specifically for financial applications. Its developers call Hyperliquid a purpose-built infrastructure for trading valuable assets on a fast, low-cost blockchain ledger.
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