Investment firm Multicoin Capital has designated Hyperliquid and its native token HYPE as a primary asset within its portfolio. This decision follows a detailed internal review of the decentralized perpetual exchange protocol.
The firm cited substantial increases in both liquidity and developer engagement as the key drivers for this strategic positioning. These metrics reflect the protocol's current standing within the decentralized finance ecosystem.
Hyperliquid currently trades at approximately $80. The protocol records a 24-hour trading volume between $1.1 billion and $1.2 billion, with a total market capitalization estimated between $18 billion and $20 billion.
Market analysts are now tracking potential future updates from institutional investors regarding their exposure to the asset. Future price performance, including the possibility of reaching a $100 target, remains tied to ongoing liquidity growth and developer activity.
