Hyperliquid Breaks Into Crypto’s Top 10, Overtaking Zcash by Market Cap

TL;DR: The HYPE token recorded a gain exceeding 25% across three days, reaching a market valuation of $21.78 billion as it traded above $92. Hyperliquid executed a permanent burn of 49.87 million HYPE tokens on October 29, equivalent to 4.99% of its total maximum supply. Intercontinental Exchange (ICE) formed a partnership with Trade[XYZ] to integrate Hyperliquid’s technological infrastructure into regulated perpetual derivatives in the United States. Hyperliquid consolidated its ascent in the digital asset market after surpassing Zcash in market capitalization and securing ninth place within the top 10 leading cryptocurrencies in the sector this October 30, 2026. The price of HYPE hovered around $92 per unit following a cumulative 25% increase over the last 72 hours.

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