Hyperliquid (HYPE)

Hyperliquid is the fastest-growing perpetual DEX token in the top 10, rising 3.3% on August 6, 2026, to $56.14. Its $12.5B market cap is 42% below #9 Figure Heloc’s $21.7B, but its token price is over 54x higher than Figure’s $1.033, reflecting a premium for on-chain trading infrastructure. Hyperliquid’s daily trading volume consistently exceeds $2B, a figure that dwarfs most centralized exchanges’ token counterparts. The protocol’s low-latency matching engine has captured market share from incumbents, and its fee model generates sustainable revenue. While more volatile than Figure Heloc, HYPE offers higher upside potential for active traders. Its deflationary tokenomics, with a fixed max supply, contrast with Figure’s asset-backed issuance. For investors prioritizing liquidity and momentum, Hyperliquid is the clear choice; for stability, the #9 RWA token wins on fundamentals.