HYPE Bulls Target $80 As TradFi Piles Into Hyperliquid DEX

Crypto Insight Summary: Despite mixed HYPE derivatives market signals, Hyperliquid’s explosive TradFi perpetual growth makes a push toward $80 increasingly realistic.  **Key takeaways:** * Hyperliquid defies the crypto bear market with $3 billion HYPE open interest, a 32% growth in a week. * Hyperliquid’s TradFi innovation, like SpaceX pre-IPO trading, signals that the path to $80 HYPE price looks well-supported. Hyperliquid’s native token HYPE rallied 44% over five days, hitting a $76.90 all-time high on Tuesday. Despite the pullback to $73, open interest on HYPE futures reached the $3 billion mark, signaling growing institutional demand. With Hyperliquid decentralized exchange (DEX) volumes showing no signs of weakness amid the cryptocurrency bear market, traders question the odds of further HYPE gains above $80. Source: CoinGlass_ The aggregate open interest on HYPE futures rose 32% from one week earlier. Hyperliquid DEX held a 53% market share in perpetual trading volumes, followed by Binance at 14%, Bybit at 9% and Bitget at 8% according to DefiLlama [data](https://defillama.com/perps). Source:_[_Laevitas_](https://app.laevitas.ch/assets/perpswaps/BTC/funding) The funding rate on HYPE perpetual futures has remained below the neutral 6% threshold for the past week, signaling weak demand for bullish leverage. HYPE circulating supply stood at 253.41 million on Tuesday, while the maximum supply reached 953.92 million according to CoinMarketCap [data](https://coinmarketcap.com/currencies/hyperliquid/). Crypto Insight Analysis: Direction: Bullish HYPE Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: TradFi inflows and record open interest drive HYPE's rally, but broader market impact remains limited.