Cathie Wood just put Hyperliquid in the Solana conversation. Will these remarks push HYPE price?
ARK Invest CEO Cathie Wood says that the decentralized exchange protocol Hyperliquid “reminds me of Solana in the earlier days,” calling it the “new kid on the block” in a recent interview on the Master Investor podcast.
Wood reiterated that Bitcoin remains the core of ARK’s crypto thesis, but pointed to the growth of on-chain derivatives venues as a sign of shifting momentum.
“It’s exciting. It reminds me of Solana in the earlier days,” she said, adding that Bitcoin “owns the cryptocurrency space when it comes to pure crypto.”
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Cathie Wood’s Solana Comparison Highlights DEX Growth
Her comments come as Hyperliquid continues to expand across key trading metrics.
Data from CoinGecko shows HYPE, the project’s native token, trading at about $44.36 with a market cap near $12Bn and a 24-hour range of $43.02 to $46.45.
DeFiLlama recorded $4.61Bn in perpetual volume on Hyperliquid over the past day, with open interest at $12.7Bn and daily fees of $1.43M.
The platform also directs 99% of spot order-book fees to its Assistance Fund, used for HYPE buybacks.
Built as a Layer-1 blockchain with one-block finality and a custom HyperBFT consensus, Hyperliquid’s design positions it closer to a high-speed exchange than a typical L2 network.
Wood’s Solana comparison highlights how fast-growing DEXs are closing the gap with centralized venues, with liquidity shifting across protocols and volumes pushing new highs.
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HYPE Price Prediction: Is the $30-$34 Demand Zone Key Support for Hyperliquid?
According to a chart shared by analyst Don, Hyperliquid’s native token $HYPE is showing signs of strain after breaking down from a rising wedge formation.
The move marks a shift in momentum, with the price slipping under support levels that had guided its rally for months.
The daily chart shows HYPE rejected at the wedge’s upper boundary near $58 before dropping sharply. The decline pushed the token below the red ascending trendline that had supported gains since April.
Breaking below the wedge is often read as a bearish signal, pointing to stronger selling pressure.
Still, Don’s outlook leaves room for recovery. His chart highlights a demand zone between $30 and $34, an area that acted as a consolidation base over the summer.
A retest of this range could reset positioning and attract new buyers if it holds as support.
From there, the projection sketches a rebound toward the $50-$60 range. That path suggests short-term weakness is possible, but the broader structure may stay bullish if buyers step back in around support.
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