Hyperliquid
HYPE#9HYPE secures Hyperliquid, a blockchain built around an on-chain exchange for leveraged perpetual futures.
- Market cap
- $22.59B
- Volume 24h
- $496.2M
- All-time high
- —
- Circulating supply
- 250.98M of 951.23M
Does not clear all 8 Shariah criteria. Needs caution: gambling (maysir), excessive uncertainty (gharar), usage, and benefit and harm (maslahah). Fails: business model.
- 3 pass
- 4 caution
- 1 fail
Verdict history
- DoubtfulCurrent
First publication
Long term: neutral. Now: neutral.
AI Insight: Neutral
Analysis at $89.51 · Oct 4, 2026How the rating is built
Six criteria scored by code. The long term weighs 65%, the next weeks 35%. Missing data lowers confidence, not the rating.
Price and market criteria are recalculated daily- Price valuationweight 25%No dataSource data is not available yet
- Fundamentalsweight 30%SupportsScore 60 of 100Team, institutions, tokenomics, network: all Moderate
- News backgroundweight 10%NeutralScore 50 of 100Mixed · 3 up, 1 down in 30 days
- Trendweight 15%NeutralScore 50 of 1004H neutral
- Upside vs downsideweight 12%SupportsScore 60 of 100+8.6% to $97.20 · −5.3% to $84.80 · ratio 1.6
- Scenariosweight 8%NeutralScore 51 of 100Growth 25% · Base 45% · Decline 30% · weighted −0.1%
Criterion status: 60–100 supports, 40–59 neutral, below 40 weighs against. “Very attractive” is only possible when no criterion weighs against. Analytical information, not investment advice.
Fundamentals: Moderate
Moderate fundamentals: a heavily used trading chain whose fees flow into HYPE and which had no venture allocation, held back by closed node code, a foundation that controls about half of stake, and ongoing unlocks and emissions.
Reviewed every 3 months and on major eventsNews: Mixed
Hyperliquid drew record activity and US political interest in bringing it onshore, alongside new congressional scrutiny of user checks.
Reviewed monthly and when something material happens- NegativeHouse Oversight Chair Comer asks Hyperliquid for records on identity checks and suspicious tradesThe request, also sent to Crypto.com and PredictIt, adds regulatory pressure on how Hyperliquid verifies users and monitors activity.
- PositiveHyperliquid open interest climbs to a record $14.3B as HYPE sets an all-time highOpen interest returned to within 3% of its level before the October 2025 crash, showing strong trader activity on the venue.
- PositivePresident Trump says he wants Hyperliquid to enter the US, with the CFTC working on a routeAccess could come through regulated intermediaries such as Bitnomial rather than opening the venue itself, a potential path to US users.
- PositiveHyperliquid Strategies expands its equity facility to $2.5B from $1BThe HYPE treasury company can raise more capital for HYPE accumulation, adding a source of institutional demand.
- NegativeHyperliquid validators delist JELLY perpetuals after a squeeze leaves the HLP vault with a $13.5 million unrealised lossPositions were force-settled far below the oracle price and the Hyper Foundation covered users. The intervention raised questions about how much control a small validator set has over the exchange.
- PositiveHYPE launches with a genesis airdrop of 310 million tokens, 31% of supply, to early usersOne of the largest airdrops on record, worth about $1.6 billion at the first-day peak. No tokens were set aside for private investors, centralised exchanges or market makers, which shaped the ownership base.
Price & market
HYPE trades at about 87.0, inside the current zone of 85.7 to 88.3 and close to its all-time high. The chain is heavily used and its fees flow into the token, but a foundation controls about half of stake, node code is closed, and unlocks and emissions continue. Room to 97.2 is about 11.7%, and the revision level at 78.4 is about 9.9% lower. Over the next 2 to 12 weeks caution is warranted, as the price sits very high in its yearly range.
Doubtful verdict: check the halal analysis before any decision.
- Review level
- $78.40
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 5 days to go.
Where it trades
Section in preparation
Similar halal assets
Halal verdict, same category
