Hyperliquid Institutional Infrastructure Expansion and On-Chain Derivatives Market Growth
Market sentiment views HYPE as a leader gaining institutional infrastructure backing. Gemini now supports HYPE staking (2.1% APY), cumulative ETF inflows reached $349 million, and on-chain open interest surpassed 400,000 contracts at new highs. HYPE joined KBW 2026 as an institutional partner, drawing increased interest from domestic asset managers and banks. However, CZ's public praise of HYPE for leading the rally and pulling other coins up has sparked concern, some see the sudden backing as psychologically risky.
Expectations rest on institutional custody and fee reductions bringing large inflows. Many view CZ's public endorsement as a double-edged sword psychologically.