HYPE (briefly) reaches $10 billion, replaces ADA and enters cryptocurrency top 10 – Details

Hyperliquid (HYPE) has been making waves in crypto lately and it’s starting to show up. What was once a niche platform is now gaining mainstream attention thanks to new developments attracting more investors.

At the heart of it all is something that could completely change the way people do business.

HYPE entered the top 10!

HYPE temporarily broke into the top 10 cryptocurrencies by market cap, surpassing Cardano (ADA) in the process. Although it has pulled back at the time of this writing, HYPE was valued at around $39 a few hours ago, giving it a market cap of roughly $10.06 billion; Just ahead of Cardano’s $9.64 billion.

This, Following HYPE’s strong weekly performance last week, up over 4% of Cardano 1.4% increase. Although both assets saw some declines in the last 24 hours, HYPE’s relative strength helped it outperform ADA. Briefly again.

2026 – the year of HYPE?

Looking at their YTD performance, the difference between both tokens becomes clearer. HYPE has climbed over the last few months, gaining nearly 57% and consistently hitting higher levels along the way.

Cardano, on the other hand, has struggled. The daily chart revealed that ADA was down over 23% in the same period, with weak price action despite brief recoveries.

Although ADA has seen slower and more erratic movements, Utilized HYPE from better pace and buying interest.

A whole new league

Hyperliquid, in partnership with S&P Dow Jones Indices and Trading (XYZ) Everything is ready to bring through a perpetual contract on the S&P 500 chain. This is something that hasn’t existed in this form before.

Accessibility is remarkable. Rather than being limited by market hours or brokers, investors can now gain access to one of the world’s most followed indices whenever they want. The product, which is supported by official index data, also has the kind of reliability that can attract more money.