Robinhood Lists Hyperliquid (HYPE) as DEX Market Heats Up

U.S. crypto exchange Robinhood has officially added Hyperliquid’s token HYPE to its platform for its American users. This move further strengthens Robinhood’s position in the crypto market.

This development comes at a time when competition among decentralized exchanges (DEXs) for perpetual trading is heating up. 

Robinhood Expands Its Crypto Offerings

Robinhood’s latest listing adds HYPE to its expanding list of supported tokens for U.S. traders. The exchange has been increasing the number of available assets to meet rising investor demand. 

Just a day earlier, Robinhood added Binance Coin (BNB), while last week it listed ASTER, XPL, and VIRTUAL. These tokens are all notable projects in the decentralized trading ecosystem.

By adding HYPE, Robinhood is giving users easy access to one of the fastest-growing tokens in the decentralized finance (DeFi) sector. This move helps Robinhood connect traditional investors with new blockchain assets.

HYPE Price Surges After Listing

After Robinhood’s announcement, HYPE’s price climbed more than 10%, according to TradingView data. The token rose above $40, bouncing back from a low of around $35.

HYPE has been one of the best-performing altcoins of 2025, gaining over 66% so far this year. It reached an all-time high of nearly $60 last month before dropping due to the broader market decline.

The recent price rise shows growing investor confidence, helped by strong network activity and positive market sentiment. Another factor boosting the token’s market price is Hyperliquid Strategies’ plan to raise $1 billion. 

Part of the funds will be used to buy more HYPE tokens, which could help expand the project’s ecosystem and increase token demand. This fundraising effort shows rising trust in Hyperliquid’s long-term goals and its growing impact in the DeFi market.

Hyperliquid Reclaims Top Spot Among Perpetual DEXs 

Data from DeFiLlama shows that Hyperliquid has regained the top spot among perpetual DEXs based on daily trading volume. The platform saw $11.5 billion in trades in the past 24 hours, with open interest at $6.9 billion.

Its closest rivals, Lighter and Aster, recorded $10.38 billion and $10.26 billion in daily trading volume. For open interest, Lighter stands at $1.5 billion, while Aster holds $3.2 billion. Aster, backed by YZi Labs, CZ Zhao’s family office that supports projects, leads the 7-day trading volume chart with $91.5 billion. 

In comparison, Hyperliquid recorded $64 billion, while Lighter followed with $60 billion. Hyperliquid is also performing well in revenue. It ranks fourth globally in daily fees earned, behind Tether, Uniswap, and Circle. 

The exchange made $4.26 million in fees in the last 24 hours and $24.61 million over the past week. Part of these fees is used to buy back HYPE tokens, helping to support the token’s price and long-term stability.