$HYPE, the token of Hyperliquid, trades around $84 with a market cap of roughly $20–25B. Hyperliquid is a leading onchain perpetuals venue.

[Insert chart widget: $HYPE]

Why it is in focus: the CFTC said on 3 Nov that perpetual futures on individual stocks can begin trading on registered US exchanges. That brings more regulated competition to the perps market. Spot HYPE ETFs have also drawn net inflows since launching in May.

What to watch: open interest, volume share and how US venues compete.

Not financial advice. #Hyperliquid #HYPE #Perpetuals #Binance