Robinhood has officially listed Hyperliquid’s native token, HYPE, for spot trading on its U.S. platform. The move strengthens the exchange’s crypto offerings and comes amid rising competition among decentralized perpetual exchanges (Perp DEXs). Following the announcement, HYPE surged more than 9%, reclaiming the spotlight as Hyperliquid once again topped the DEX volume charts ahead of CZ-backed Aster and Lighter.
According to data from Robinhood, HYPE is now available for spot trading to U.S. clients. This listing follows a recent wave of new additions on the platform, including Binance Coin (BNB), Aster (ASTER), XPL, and VIRTUAL. The listing helped drive HYPE’s price above the $40 mark, climbing from an intraday low of $35 and extending its year-to-date gains beyond 66%.
TradingView data shows that Hyperliquid’s token remains one of the year’s strongest altcoin performers, despite a temporary correction after hitting an all-time high near $60. Adding to the bullish momentum, Hyperliquid Strategies has announced plans to raise $1 billion, with part of the capital earmarked for accumulating more HYPE tokens.
DeFiLlama data reveals that Hyperliquid has regained the number one position among perpetual decentralized exchanges, posting $11.5 billion in 24-hour trading volume and maintaining $6.9 billion in open interest. Lighter and Aster followed with $10.38 billion and $10.26 billion in 24-hour volume, respectively.
Although Aster leads in 7-day trading volume with $91.5 billion, compared to Hyperliquid’s $64 billion, the latter’s daily dominance highlights its strong market recovery. Hyperliquid also ranks fourth globally in daily fee generation, bringing in $4.26 million within 24 hours and $24.61 million over the past week — part of which supports ongoing HYPE token buybacks.
