Here's the latest on Hyperliquid (HYPE) – S&P 2.0 launch and strong fundamentals keep the token near record highs: • S&P 2.0 launched on 8 July 2026, enabling leveraged crypto index perpetuals with reduced oracle-manipulation risk • HYPE traded at $67.75 on 9 July, up 7.9% weekly but 12% below its June all-time high near $76.85 • Protocol crossed $1 billion cumulative revenue on 30 June, with 99% of fees routed into token buybacks • ETF inflows hit $112 million weekly, with HYPE funds seeing inflows while Bitcoin/ETH funds faced outflows • Open interest held at $2.76 billion with balanced funding rates, suggesting consolidation rather than overheated positioning
