How Hyperliquid’s Tradfi Edge Could Lift Hype Price 90% — New All-Time High Coming?

What Happened

On-chain data from Lookonchain showed one whale depositing $7.35 million in USDC into Hyperliquid to long NVDA and SNDK stocks; holding over $11.94 million in NVDA and $2 million in SNDK with additional limit orders worth $4.53 million pending. This happened right before NVIDIA announced the Q4 results.

Ripple Prime, launched in early February, gives institutions access to Hyperliquid on-chain perpetuals through a traditional prime brokerage wrapper.

And on Feb. 24, CoinShares launched a physically backed HYPE staking ETP (ticker: LIQD) on the Xetra exchange — the first regulated product giving traditional finance investors direct exposure to HYPE with staking yield. So the TradFi to crypto link now seems to be working both ways.

Market Context

Hyperliquid (HYPE) price has risen almost 31% since Feb. 24, then gave up some of its gains. At press time, the token traded near $32, up roughly 4.5% on the day and approximately 20% over the past seven days. Over the past 30 days, the HYPE price has remained in positive territory, up around 5%, while most top cryptocurrencies, including Bitcoin, Ethereum, BNB, XRP, and Solana, have posted losses over the same period.

The rally ties into a structural shift: Hyperliquid is becoming the go-to venue for trading traditional financial assets like oil, gold, and stocks around the clock, and every one of those trades feeds directly into the token’s deflationary burn engine. Meanwhile, smart money wallets are overwhelmingly long on HYPE itself, even as retail positions lean short.

Traditional financial markets close on weekends and after hours. Hyperliquid does not. Traders can trade oil, gold, silver, and even stocks like NVIDIA on Hyperliquid using perpetual futures: 24 hours a day, 7 days a week, with sizeable leverage. That edge became impossible to ignore during the March 1–2 weekend.

Platform volume jumped to over $6.4 billion on Sunday alone.

Oil perpetuals on Hyperliquid reportedly surged nearly 20%. Open interest for commodities-focused derivatives allegedly reached an all-time high above $1.1 billion.

According to Delphi Digital, tokenized TradFi assets hit 31.6% of all Hyperliquid trading volume in late January — up from under 5% just a month earlier. Metals, equity indices, and individual stocks possibly drove the rotation.

Trojan (formerly Unibot) integrated non-custodial bot trading of real TradFi assets, including TSLA, AMZN, GOOGL, gold, and silver, directly on Hyperliquid’s orderbook.

The volume surge, mentioned earlier, matters for HYPE price because of a direct mechanical link — and that is where the burn flywheel comes in.

Approximately 97% of all core trading fees on Hyperliquid flow into the Assistance Fund: a system address that automatically buys HYPE on the open market and permanently burns the purchased tokens.

HyperEVM gas fees are also burned. This is not a governance vote or a manual marketing event. It is code-enforced, on-chain, and happens with every single trade; whether that trade is a Bitcoin perpetual, an oil future during a geopolitical crisis, or a leveraged NVIDIA position from a whale wallet.

That makes HYPE structurally net deflationary at current volume levels, even after accounting for the scheduled March 6 unlock of roughly 9.92 million HYPE for core contributors.

The flywheel is straightforward. More traders using Hyperliquid to trade oil, gold, stocks, and commodities around the clock generate higher fees. Higher fees mean more HYPE bought from the market and burned. More burning means a shrinking supply. And shrinking supply, combined with rising demand, creates price support, which is exactly what smart money appears to be positioning for.

Why It Matters

Hyperliquid Removes TradFi’s Biggest Bottleneck

This was not a one-off spike.

Details

Integrations have further accelerated this adoption.

Every Oil, Gold, and Stock Trade on Burns Tokens Permanently

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Recent on-chain data showed the platform generated $2.74 million in 24-hour fees, $16.96 million over seven days, and approximately $9.22 million worth of HYPE burned last week — up over 20% week-over-week.

On the supply side, only about 26,790 HYPE are minted daily as staking rewards. Recent daily burn figures have exceeded 48,000 HYPE, resulting in a net removal of over 17,000 tokens per day. Burns are currently running 1.8 to 2.3 times faster than emissions.

Smart Money Goes All In While Retail Bets Against

On-chain positioning data on HYPE itself reveals a sharp divide between smart money and retail.