Hyperliquid (HYPE) continues to shine this year, as this TradFi token has emerged as the biggest winner in the top 10 with a year-to-date (YTD) gain of 274%.
The launch of tokenized stocks in the U.S. recently via a temporary “Innovation Exemption” drafted by the Securities and Exchange Commission (SEC) allowed a handful of platforms to start testing this technology, and the result has been quite satisfying.
A clear example of this was Robinhood, whose layer-two blockchain — the Robinhood Chain — is currently being used by more than 5.1 million registered wallets, while processing trading volumes exceeding $37 billion in the past 30 days alone.
CFTC Chairman Expects the Imminent Arrival of Tokenized RWAs in the U.S.
This week, the head of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, discussed the impact and potential of tokenization during a speech at the 2026 Treasury Market Conference.
Selig emphasized that the CFTC is aiming to prepare the markets for the imminent arrival of mass tokenization, on-chain finance, and 24/7 markets.
“Just as the transition from hand signals to electronic trading advanced our financial system, I believe tokenization can do the same for all asset classes,” Selig stated.
Selig also commented that the CFTC is “committed to providing clear, principles-based rules to ensure that these innovations foster growth and preserve market integrity.”
He concluded: “With developments like tokenization, onchain finance, and 24/7 trading, the next decade will likely bring more change to financial markets than the previous several decades combined.”
These comments are strong evidence that Hyperliquid could soon get open doors to start serving the massive U.S. market — a development that could drive billions in trading volumes to the platform.
HIP-3 Stats Keep Booming as Interest in Tokenized Stocks Rises
Hyperliquid continues to dominate the decentralized segment with a market share of 18% according to data from CoinMarketCap.
The launch of perpetual futures for real-world assets (RWAs) has further propelled the platform’s usage metrics (e.g., open interest, volumes, transaction count, etc.) and has demonstrated the blockchain’s ability to serve as a robust decentralized infrastructure for this important market.
Data from Hyperliquid Analytics indicates that HIP-3 trading volumes hit a recent peak at $115 billion in volumes processed in June. Meanwhile, open interest (OI) has kept rising to nearly $4 billion as of last month.
As the platform’s use cases continue to expand, we see accelerating adoption of tokenized real-world assets in the United States as one of the most powerful trends that could drive HYPE’s rally to unprecedented heights.
Looking at the daily chart, we just saw HYPE approach our long-dated target of $100 in recent sessions. We expect that, once the token hits that psychological threshold, the price could pull back a bit to a former area of resistance at $88 that may now act as support.
That could give late buyers a chance to enter the rally with a more attractive risk-reward ratio. Our mid-term target for the token is $115. This projection is drafted using the length of the previous rally as a reference.
