- Hyperliquid climbed about 5% above $77 on Friday, setting a new all-time high as momentum around HYPE continued to build.
- HYPE has gained nearly 200% this year, significantly outperforming Bitcoin and Ethereum.
- President Donald Trump said the U.S. is working to bring Hyperliquid into the country in a “fully compliant and legal fashion.”
Hyperliquid pushed to another record high on Friday, climbing above $77 as investors continued to respond to the possibility of the platform entering the U.S. market.
HYPE has now gained nearly 200% since the beginning of the year. That performance stands out against the broader crypto market, with Bitcoin down roughly 12% year-to-date and Ethereum falling about 20%.
Trump added fuel to the rally during a White House event this week, saying the U.S. is working to bring Hyperliquid into the country in a “fully compliant and legal fashion.” He added that CFTC Chairman Michael Selig is working on the effort.
Hyperliquid Eyes the U.S. Market
Hyperliquid has developed a major market for perpetual futures, allowing traders to take leveraged positions without traditional expiration dates. Its blockchain-based platform has also expanded into contracts linked to traditional assets, including stocks and commodities.
The platform currently operates outside the U.S. and does not officially serve American traders. A compliant U.S. launch could open Hyperliquid to a significantly larger pool of customers and capital.
Trump’s comments quickly lifted assets connected to the ecosystem. HYPE moved higher, while Hyperliquid Strategies, which has built its treasury strategy around accumulating HYPE, surged as much as 31%.
Regulation Remains the Key Question
The biggest hurdle is how Hyperliquid’s decentralized structure would fit within U.S. regulatory requirements.
Regulators have been developing clearer frameworks around crypto derivatives and perpetual contracts, potentially creating a path for platforms such as Hyperliquid. However, meeting those requirements could require changes to parts of its existing operating model.
For now, traders appear focused on the opportunity. With HYPE at a record high and the possibility of U.S. expansion gaining attention, Hyperliquid has emerged as one of the strongest-performing major crypto projects of 2026.
