{"id":37672,"date":"2026-03-09T21:36:32","date_gmt":"2026-03-09T21:36:32","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=37672"},"modified":"2026-03-09T21:36:32","modified_gmt":"2026-03-09T21:36:32","slug":"whats-fueling-hyperliquids-surge-hype-outperforms-top-100-cryptos-in-latest-rally","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=37672","title":{"rendered":"What\u2019s Fueling Hyperliquid\u2019s Surge? HYPE Outperforms Top 100 Cryptos In Latest Rally"},"content":{"rendered":"<p>Oil-linked trading on the decentralized exchange Hyperliquid (HYPE) has recently surpassed $1 billion in volume within a 24-hour period, leading to a significant 10% rally in the platform\u2019s native token, HYPE, allowing it to outperform the top 100 cryptocurrencies by market capitalization.\u00a0<\/p>\n<p>In fact, oil-linked trading on Hyperliquid hit over $1.2 billion, making it the second-most traded market on the platform, just behind Bitcoin (BTC).<\/p>\n<h2>Hyperliquid\u2019s Oil Contract Trading Soars<\/h2>\n<p>The driving force behind the recent HYPE performance has been the <a href=\"https:\/\/app.hyperliquid.xyz\/trade\/BTC\" target=\"_blank\" rel=\"noopener nofollow\">CL-USDC perpetual contract<\/a>, which tracks West Texas Intermediate crude oil prices. This contract\u2019s trading volume recently eclipsed Ethereum (ETH) trading on the platform.\u00a0<\/p>\n<p>The increase in activity coincides with a dramatic rise in oil futures, which jumped over 30% to nearly $120 a barrel on traditional exchanges. This spike followed escalating tensions in the Middle East that have disrupted global supply chains.<\/p>\n<p>Before these developments, daily volumes for the CL-USDC contract hovered around $21 million. However, following the recent geopolitical events, that figure skyrocketed to more than $1.2 billion as of Monday. Additionally, open interest in this contract surged to $183 million.<\/p>\n<h2>$150 Price Target For HYPE<\/h2>\n<p>Further fueling the excitement surrounding the HYPE rally is a bullish outlook from Arthur Hayes, co-founder of cryptocurrency platform BitMEX.\u00a0<\/p>\n<p>In a recent <a href=\"https:\/\/cryptohayes.substack.com\/p\/hype-man\" target=\"_blank\" rel=\"noopener nofollow\">essay<\/a>, Hayes set a price target of $150 for HYPE by August 2026, asserting that Hyperliquid can continue to expand its revenue streams even if broader cryptocurrency markets experience difficulties.<\/p>\n<p>While HYPE has been on the rise, with the token retesting the $35 resistance wall, major cryptocurrencies like Bitcoin and Ethereum have shown modest recoveries during the same period. Bitcoin gained approximately 2.5%, while Ethereum saw a slightly higher increase of 3.4%.<\/p>\n<p><img decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/WBb0JPgz\/\" alt=\"HYPE\" width=\"1814\" height=\"981\" loading=\"lazy\" \/><\/p>\n<p>Analyzing HYPE\u2019s daily trading chart reveals critical support levels that investors should watch. Key support zones are anticipated around $32, $29, and $28, with the latter acting as a significant accumulation point over the past two weeks.<\/p>\n<p>Featured image from OpenArt, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>Oil-linked trading on the decentralized exchange Hyperliquid (HYPE) has recently surpassed $1 billion in volume within a 24-hour period, leading to a significant 10% rally in the platform\u2019s native token, HYPE, allowing it to outperform the top 100 cryptocurrencies by market capitalization.\u00a0 In fact, oil-linked trading on Hyperliquid hit over $1.2 billion, making it the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37673,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-37672","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What\u2019s Fueling Hyperliquid\u2019s Surge? HYPE Outperforms Top 100 Cryptos In Latest Rally - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=37672\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What\u2019s Fueling Hyperliquid\u2019s Surge? HYPE Outperforms Top 100 Cryptos In Latest Rally - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Oil-linked trading on the decentralized exchange Hyperliquid (HYPE) has recently surpassed $1 billion in volume within a 24-hour period, leading to a significant 10% rally in the platform\u2019s native token, HYPE, allowing it to outperform the top 100 cryptocurrencies by market capitalization.\u00a0 In fact, oil-linked trading on Hyperliquid hit over $1.2 billion, making it the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=37672\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-09T21:36:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradingview.com\/x\/WBb0JPgz\/\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37672#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=37672\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"What\u2019s Fueling Hyperliquid\u2019s Surge? 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HYPE Outperforms Top 100 Cryptos In Latest Rally - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=37672","og_locale":"en_US","og_type":"article","og_title":"What\u2019s Fueling Hyperliquid\u2019s Surge? 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