Hyperliquid's Price Surges 0.652% as Circle Partners for USDC Integration

Hyperliquid's latest price was $54.30, up 0.652% in the last 24 hours. Circle has announced a significant partnership with Hyperliquid, focusing on integrating USDC into the popular blockchain. This collaboration brings Native USDC and CCTP V2 to HyperEVM, marking a major milestone for both companies. Circle's co-founder and CEO, Jeremy Allaire, highlighted that this partnership is a "major milestone," officially launching native USDC and CCTP V2 on HyperEVM. This integration aims to combine Circle's technical achievements with Hyperliquid's dedicated user base, fostering a mutually beneficial relationship. Circle is also investing in HYPE, becoming a Hyperliquid stakeholder, and considering becoming a system validator. Allaire praised Hyperliquid's team, suggesting that this partnership is the groundwork for a long-term collaboration. Circle's stablecoin, USDC, has minted over 1 trillion tokens in its history, providing a substantial reserve of liquidity for Hyperliquid traders. Circle plans to integrate with Hyperliquid's community, creating tools and incentives for the blockchain's developers, ensuring its relevance in the dynamic Web3 ecosystem. This partnership underscores Circle's commitment to industry leadership, despite being the second-largest stablecoin company.

Kintsu, a liquid staking protocol, has announced its expansion to Hyperliquid with the launch of sHYPE, now live on the mainnet. Supported by investors including Castle Island Ventures, Brevan Howard Digital, CMT Digital, Spartan, Arche Capital, and F-Prime, Kintsu is revolutionizing liquid staking on Hyperliquid by introducing a game-like governance model. In this model, delegates stake governance tokens and campaign for delegations by curating high-performing validator teams. Validators compete for stake, while delegates compete for reputation and voting power, all driven by transparent performance. Ultimately, validator performance drives yield, enabling a more resilient, composable LST designed for the Hyperliquid ecosystem. Kintsu aims to address fragmentation in decentralized finance (DeFi) through the curation of decentralized validators and the issuance of composable staking tokens. Stephen, Founder of Kintsu, emphasized the importance of transparent and programmable control over liquid staking, stating that it is necessary and inevitable for LSTs to become truly community-governed. Kintsu chose Hyperliquid for its reputation as a leading DeFi hub, with billions of dollars in daily trading volume. Kintsu brings several benefits to Hyperliquid, including a decentralized validator registry, composability and integration, and liquidity and governance alignment. The protocol maintains liquidity for participants while supporting composable capital allocation, with governance structures overseeing validator selection and curation to ensure transparency and incentive alignment across stakeholders. Kintsu has also introduced the Battle Pass Multiplier NFT, offering participants a chance to increase their Kintsu Points and gain an early advantage in rank progression. Validator performance and participant activity are key factors in shaping outcomes, with participants who excel in this more likely to win.

Hyperliquid has been a standout performer in the crypto market this year, sustaining a powerful uptrend since April. Its relentless momentum has drawn the attention of both retail traders and institutions, with many analysts arguing that the token still has room to run as the broader market heats up. The narrative around Hype has been fueled by strong speculative interest and its growing presence in high-volume trading activity, which has made it a favorite among momentum-driven investors. However, questions are starting to surface about whether Hype’s rally is sustainable. Some analysts warn that momentum may be weakening, signaling that a correction phase could be looming. Hype has been one of the most talked-about assets in crypto this year, climbing over 500% in value since April and cementing itself as a market leader in speculative momentum. Now, a major development involving one of its largest holders is capturing attention. According to Lookonchain, a whale who entered the market nine months ago with a massive position has just unstaked tokens worth over $107 million, raising speculation about potential profit-taking in the weeks ahead. The data reveals that nine months ago, this whale deposited $17.4 million in USDC into Hyperliquid through three wallets. From there, he accumulated 2 million HYPE at an average of $8.68, before distributing the tokens across nine wallets for staking. This accumulation has proven to be extraordinarily profitable. Just seven days ago, the whale applied to unstake the position, and 21 hours ago, the tokens were received back in full. With Hype’s current valuation, the stash is worth $107.2 million, translating into a staggering $89.8 million profit in less than a year. This event comes at a pivotal time for Hype. While the token’s explosive rally has kept momentum traders engaged, the size of the whale’s gains points to the likelihood of profit-taking. Whether the broader market can absorb such selling pressure or if it sparks a deeper correction will determine if Hype’s bull run can extend—or if a consolidation phase is next. Hype has been one of the strongest performers in the market since April, with its chart showing a consistent series of higher highs and higher lows. As of now, the token trades at $52.57, down 2.69% on the day, signaling a modest pullback after a sharp run that recently pushed the price above $56. Despite this decline, the overall structure remains bullish, with price action still well above key moving averages. The 50-day moving average ($45.48) and 100-day moving average ($43.38) are trending higher, providing dynamic support zones that could absorb selling pressure if momentum cools further. Meanwhile, the 200-day moving average ($32.02) remains far below current levels, highlighting the scale of HYPE’s appreciation in recent months. This correction appears to be a natural cooling phase within an established uptrend, especially after such aggressive gains. If buyers defend the $50–$52 range, HYPE could consolidate before making another attempt at reclaiming the $55–$56 zone. A decisive break above $56 would likely set the stage for further upside continuation.

Hyperliquid's trading volume has now reached approximately 14% of Binance's volume. This significant milestone underscores Hyperliquid's growing influence and popularity in the crypto market, positioning it as a major player in the decentralized finance (DeFi) space. The platform's ability to attract such a substantial trading volume highlights its robust infrastructure and user-friendly features, making it an attractive option for traders and investors alike. This development is a testament to Hyperliquid's commitment to innovation and its dedication to providing a seamless trading experience for its users. As the platform continues to grow, it is poised to play an even more significant role in the future of decentralized finance.

Hyperliquid continues to establish significant technical partnerships and expand its ecosystem infrastructure. The platform has integrated Symmio as a key primitive, enabling the deployment of bilateral onchain Perpetual Futures contracts directly on Hyperliquid. This integration facilitates the creation of permissionless markets, allowing users to establish their own markets without requiring deposit limits. The development of infrastructure supporting these permissionless markets represents a substantial step forward in enhancing the platform's capabilities and user control. This integration signifies Hyperliquid's commitment to providing advanced decentralized finance tools. Following this integration, several key entities have begun leveraging the Hyperliquid mainnet infrastructure through Symmio. Notable participants include Auros, a global quantitative trading firm, and the proprietary trading desk GSR Markets. These entities are utilizing Hyperliquid's robust infrastructure for their operations, showcasing the platform's appeal to professional market participants. The launch of this new primitive opens up possibilities for other established entities to build diverse financial products directly atop the Hyperliquid mainnet, further enriching its ecosystem.

Hyperliquid has also announced an incentivized testnet for its upcoming L1 ecosystem liquid staking solution. The core objective of this testnet is to bootstrap validators for the Hyperliquid Layer 1 chain and gather critical data to optimize the performance and rewards structure for stakers on the mainnet. Participants in this testnet phase have the opportunity to join as stakers or validators, contributing to the security and decentralization of the network while earning rewards denominated in testnet HL points. This initiative marks a critical phase in preparing for the launch of native liquid staking on Hyperliquid. Further expanding institutional access, Hyperliquid collaborated with AEVO, the entity created following the merger of Ribbon Finance and Aevo, to introduce Hyperliquid as a settlement layer on the AEVO platform. This integration allows Hyperliquid LPs to act as counterparties for leveraged perpetual swaps traded on AEVO. This partnership broadens the available liquidity on AEVO while opening up a significant new yield source for liquidity providers within the Hyperliquid ecosystem. AEVO also implemented Hyperliquid's oracles for reliable price feeds. Adding to its cross-chain integrations, Hyperliquid recently announced compatibility with the Initia blockchain framework. This collaboration connects Hyperliquid L1 with Initia’s omnichain rollup infrastructure, designed to leverage Hyperliquid’s advanced orderbook technology for deploying financial applications. This integration aims to enhance liquidity and execution capabilities for applications built using the Initia framework.