HIP 3

Payward plans to offer U.S. clients access to onchain perpetual futures markets on Hyperliquid, subject to regulatory approval. The proposal would use Bitnomial Exchange and NinjaTrader Clearing to place a popular crypto derivatives product inside a regulated U.S. framework.

Hyperliquid is handling record open interest and a growing share of global perpetual futures activity, led by real-world asset contracts. Yet revenue has declined for four straight quarters as builder-deployed markets capture a rising share of trading fees.

Hyperliquid’s HYPE token has climbed 7% in the past 24 hours, extending a strong recovery from the $60 area while maintaining one of the standout year-to-date performances in crypto. Traders are watching whether adoption momentum, new perps integrations and a potential break above $75 can keep the token’s bullish structure intact.

Hyperliquid’s HYPE token has gained 7% in the past 24 hours, extending a strong recovery from the $60 area as traders reassess momentum around the network. Partnerships, perps expansion and a possible retest of $75 are keeping market attention on whether HYPE can build toward a higher mid-term target.