Hyperliquid (HYPE) has stood out in a struggling market, climbing more than 30% over the past week even as Bitcoin (BTC) slid roughly 11% in the same timeframe.
While most digital assets have been under heavy pressure, liquidity has been rotating into HYPE at an unusual pace. A key driver behind this move is the rapid growth in commodity perpetual trading — particularly gold and silver — on the Hyperliquid platform. This surge in activity is increasing demand for HYPE, making it one of the rare large-cap tokens posting consistent gains on shorter timeframes.
This performance may look like an isolated case, but it also shows that investor appetite for strong, utility-driven projects is still very much alive. For comparison, Bitcoin Hyper (HYPER), an emerging Bitcoin Layer 2 initiative, has quietly raised more than $31.2 million during its presale. That level of funding suggests traders are already positioning for what they believe could be the next crypto to explode once momentum returns to Bitcoin-focused infrastructure.
Commodities Trading Boom Fuels HYPE’s Breakout
In recent days, HYPE has noticeably broken away from the broader crypto market trend. Ethereum has dropped around 21% over the past week, and many altcoins continue to struggle — yet Hyperliquid has attracted steady inflows.
The main catalyst has been a sharp increase in silver perpetual contract volume on the exchange, which surpassed $1 billion toward the end of January. As macroeconomic uncertainty grows, traders are turning to decentralized venues like Hyperliquid to hedge exposure, effectively transforming HYPE into a fee-driven play tied to market volatility.
On-chain metrics suggest this rally is supported by genuine spot demand rather than a short squeeze. Market observers have pointed out that HYPE has reclaimed its 200-day moving average while also reaching new highs in daily active traders — a signal of expanding real usage.
Fresh highs and a push back above the 200-day MA for HYPE now.
All time high for the DAT today also.
Hyperliquid. https://t.co/cXl4848Ed9 pic.twitter.com/qjIYvAl8XV
— Will (@WClementeIII) February 3, 2026
HYPE’s price behavior now resembles that of a volatility-linked asset rather than a typical governance token. As long as global uncertainty keeps commodity speculation elevated, Hyperliquid’s fee model could continue supporting token demand through ongoing burns.
Still, as traders begin locking in profits, many are searching for the next opportunity — and Bitcoin-native infrastructure projects are increasingly seen as the logical destination. Among them, Bitcoin Hyper is emerging as a leading candidate.
Bitcoin Hyper Brings Solana-Level Speed to Bitcoin
Bitcoin remains the deepest and most liquid market in crypto, but its base layer is not built for fast, complex DeFi activity. Bitcoin Hyper addresses this limitation by introducing a Layer 2 network powered by the Solana Virtual Machine (SVM). This design allows users to bridge BTC onto a faster execution layer with near-instant finality.
Rather than competing with Bitcoin, the project aims to enhance its utility. Users lock BTC into a trust-minimized canonical bridge and receive a wrapped version on the Layer 2, where they can interact with decentralized applications at significantly higher speeds.
Transactions are processed off-chain, with zero-knowledge proofs submitted back to Bitcoin’s mainnet. This setup enables the network to benefit from Bitcoin’s security while avoiding its throughput constraints. As a result, advanced use cases such as order book–based decentralized exchanges and sophisticated yield strategies become possible within the Bitcoin ecosystem.
Some analysts describe the model as a “best of both worlds” approach: holders maintain exposure to Bitcoin’s long-term potential while actively using their assets in a high-speed DeFi environment.
HYPER Presale Passes $31M as Staking Demand Grows
Interest in infrastructure plays is building ahead of major launches, and Bitcoin Hyper’s presale numbers reflect that trend. The project has now raised over $31.2 million, with the HYPER token priced at $0.013675 during the current phase.
Unlike many venture-capital-heavy launches where early private investors dominate supply, this raise is structured to emphasize broader community participation. That approach is designed to support long-term alignment rather than short-term exit liquidity.
Token holders can already stake HYPER for yields of up to 38% APY, and nearly 1.4 billion tokens have been locked so far. This reduces immediate circulating supply and selling pressure even before exchange listings begin.
With the market increasingly favoring platforms that generate real usage and revenue — as seen with Hyperliquid — Bitcoin Hyper’s focus on expanding Bitcoin’s functionality could position it as a strong contender for the next crypto to explode when sentiment turns bullish again.
Explore Bitcoin Hyper as the market searches for its next breakout
