HYPE evolving into on-chain Wall Street, may hit $100 this year

Hyperliquid is evolving beyond a simple decentralized exchange (DEX) into an on-chain "Wall Street platform," CryptoSlate reported. The price of HYPE recently surpassed $60, marking a year-to-date increase of over 120% and pushing its market capitalization past $15 billion. This performance contrasts with the bearish trends of major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) during the same period. According to the report, Hyperliquid is expanding its institutional fund inflows by integrating brokerage, exchange, and custody functions into a single environment. The publication also noted that prediction market Polymarket currently gives HYPE an approximately 30% chance of reaching $100 by the end of the year.