Why Is Hyperliquid (HYPE) up 9.84% Today, September 18, 2026? U.S. Trading Access and Derivatives Growth Drive the Rally

AI Market Summary
HYPE rallied ~9.8% as HIP-3 adoption and $1.23B turnover reinforced liquidity and the platform-growth narrative. A proposed Payward/Kraken pathway to offer onchain perpetuals to eligible U.S. clients via regulated entities, alongside expanded CFTC no-action relief for qualifying passive trading software providers, modestly improves the U.S. policy backdrop. Near-term focus is on whether these catalysts translate into sustained permissioned-derivatives activity and durable volume.
Impact level
● Medium
Affected assets
HYPE/USDT+3.85%
AI Insight · HYPE/USDTAI Insight
▲ Bullish
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HYPE gained 9.84% in 24 hours, supported by HIP-3 market activity and regulatory discussion around passive trading software; turnover was USD 1.23 billion.