Hyperliquid is dominating DeFi in 2025, and taking on Binance and Bybit. Institutions can get exposure to HYPE by buying the HYLQ stock.
In a scene dominated by centralized crypto exchanges, the rise of Hyperliquid is exciting for many blockchain enthusiasts.
Finally, there is a transparent, on-chain perpetual exchange where traders can trade tokens with decent leverage and reap big profits, just like they would on Binance and its alternatives.
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The Rise of Hyperliquid
In 2025, Hyperliquid is undoubtedly one of the most valuable DeFi protocols.
As of July 23, the Hyperliquid exchange posted over $14 billion in open interest and executed more than $13.6 billion in positions.
With 173 crypto perpetual markets, it has become the largest decentralized perpetual exchange, competing with major centralized platforms like OKX and CoinW.
The performance of its native token, HYPE, reflects this growing market share. HYPE is now the 13th-largest crypto asset, flipping Stellar (XLM), Sui, and Chainlink (LINK), and qualifying as one of the best cryptos to buy.
According to Coinglass,
Price
/24h
Volume in 24h
Price 7d
trading volume is over $1.8 billion in the past 24 hours.
Moreover, there is $1.9 billion in open interest across all exchanges.
Notably, Binance is the choice exchange to trade HYPE perpetuals, generating over $337 million in trading volume in the past 24 hours.
Looking at the daily chart, HYPE is trading near its all-time high of $50. The path of least resistance is upward, and traders are optimistic that the token may breakout to become the next 1000X crypto.
As long as prices remain above $40, HYPE bulls will likely break above July highs, pushing the token to new all-time highs in H2 2025.
So far, HYPE is up 16% in July 2025, extending gains from Q1 2025 when it surged 300% from $11 to over $30.
Institutions Buying HYLQ Stock for HYPE Exposure
With HYPE rallying, institutions are closely monitoring the token and searching for smart ways of getting exposure.
Currently, there is no spot HYPE ETF in the United States, and no firm has applied with the SEC for such a product.
However, regulated firms can gain exposure indirectly. Similar to how SBET and MSTR provide exposure to ETH and BTC through stocks due to their heavy investments in these tokens, buying HYLQ stock is a smart way to gain indirect exposure to HYPE.
HYLQ Strategy Corp, a Canadian investment holding company, issues HYLQ. After rebranding in June 2025, it now focuses explicitly on investing in crypto and promising blockchain firms.
While regulated by the Canadian Securities Exchange under the HYLQ ticker, the company is pursuing a Nasdaq listing and compliance with U.S. regulations.
The Canadian firm is structured as an investment vehicle and holds HYPE as its sole treasury reserve asset.
Its goal is to capitalize on Hyperliquid’s rapid growth and expanding market share in the decentralized perpetual exchange market.
The team is experienced, having previously managed Sol Strategies, which delivered over CAD 200 million in investor gains and a 16X year-to-date performance.
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Hyperliquid HYPE Dominant, Institutions Buying HYLQ Stock
- Hyperliquid carving out market share from Binance and top CEXs
- HYPE trading at near all-time highs
- HYLQ Strategy Corp creates a HYPE treasury
- HYLQ stock soaring, tracking HYPE
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