Hyperliquid (HYPE) Daily Market Analysis 04 March 2026

Hyperliquid's HYPE thrives as a volatility hedge amid geopolitical stress – here's the latest: • HYPE surged 17.1% to $31.86 (03 March 2026) as traders flocked to its 24/7 commodity derivatives during US-Iran tensions • Platform generated $13M weekly fees with $6.2B TVL, capturing market share as competitors lost momentum • Derivatives show bullish conviction: open interest hit $1.23B (04 March 2026) while funding rates remain measured • Deflationary buybacks removed 17,146 tokens (01 March 2026), offsetting a $316M contributor unlock on 06 March • Arthur Hayes projects $150 target, citing HYPE's role as a macro trading venue and volatility hedge