HYPE Hits All-Time High: Will It Overtake ADA in the Crypto Rankings?

• Hyperliquid hits an all-time high of $42.07, showing strong market growth and engagement.
• Open interest of HYPE hits $1.89B, with daily fees surpassing Ethereum and Solana.
• ADA struggles below $0.72 level while HYPE’s growth positions it as a top 10 contender.

Hyperliquid (HYPE) has been soaring high, and it has recently reached an all-time high of $42.07 on June 11, 2025. The token has experienced remarkable growth of 2.51% in a single trading session, with an upward trend. A week-long growth of 13.97% has characterized the current trend of HYPE. This places it in direct rivalry with other established cryptocurrencies such as Cardano (ADA).

HYPE’s Surge: Record High Futures and Skyrocketing Fees

The emergence of HYPE is not accompanied by mere market speculation. The main contributors to this rise are high on-chain performance and growing user interest. According to Coinglass data, HYPE futures have reached a new record high, with open interest increasing to $1.89 billion, indicating growing speculative demand for the token. 

Furthermore, daily fees on the platform have skyrocketed to $2.99 million, surpassing those of Ethereum an…

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