Hyperliquid's native token $HYPE is currently trading at $26.73, marking an 8.6% increase in the past 24 hours and an impressive over 80% rise over the past month. The token, which had dipped to a low of $10.34 in April, has now rebounded by a striking 260%.

The surge comes as Hyperliquid's daily revenue hits $2 million, and open interest is approaching the remarkable threshold of $1 billion. These indicators suggest a revitalized interest and growing confidence in Hyperliquid's market performance.