HYPE Reaches New All-Time High as VanEck CEO Voices Strong Support for Hyperliquid

Jakarta, Pintu News – VanEck CEO Jan van Eck has publicly expressed his confidence in the Hyperliquid (HYPE) ecosystem. The statement comes ahead of the launch of the protocol’s proprietary stablecoin.

The move has attracted attention with an influx of proposals from reputable companies, while HYPE’s price surged to record highs thanks to this positive momentum.

VanEck CEO Supports Hyperliquid

In a recent post on X, VanEck CEO Jan van Eck praised Hyperliquid’s technology, highlighting the advantages of the decentralized governance model and the platform’s launch strategy.

Read also: Analysts Predict DOGE Price Could Reach $2, Dogecoin ETF Approval Chances Soar!

Van Eck emphasized that VanEck has been an active part of the Hyperliquid ecosystem for the past few months.

“We are optimistic about Hyperliquid. We are owners (and have been for several months). We would love to be part of your community ecosystem,” he wrote.

Furthermore, he emphasized that it is ready to contribute through research, participation in governance, and potential future collaborations. This statement shows the growing involvement of traditional financial institutions in adopting decentralized platforms.

VanEck’s presence strengthens Hyperliquid’s position as one of the leading decentralized perpetual exchanges, especially as it moves towards stablecoin issuance and community-based initiatives.

Great Interest in USDH Stablecoin

Hyperliquid’s launch of the USDH stablecoin has attracted great interest from institutions. To date, six organizations have submitted governance proposals to play a role in the issuance and management of the asset.

Paxos proposes a model where 95% of the interest from the reserve will be allocated to buy back HYPE tokens. The reserve would be backed by US government bonds, repo agreements, and Paxos’ Global Dollar stablecoin.

Meanwhile, Frax Finance, one of the big players in the DeFi world, proposed a plan to print USDH with collateral in the form of frxUSD, USDC, USDT, as well as dollar reserves. The revenue generated from these reserves can later be channeled into staking rewards and HYPE buyback programs.

On the other hand, Sky, through co-founder Rune Christensen, offers the idea of issuing tokens that can be matched with yields equivalent to US government bonds.

These proposals have the potential to be very positive for HYPE, as Hyperliquid’s credibility increases in the eyes of the community and institutions.

Read also: 3 Most Popular Stablecoins, Are They in Your Portfolio?

HYPE Price Hits Record High

Driven by strong fundamentals, the price of the HYPE token scored another new all-time high [ATH]. The token peaked at $53.44, up more than 8.5% in just 24 hours on September 9, 2025. Overall, HYPE’s price has surged more than 1,200% from its low in late 2024.

While the daily volume of around $570 million is still lower than other major cryptocurrencies, exchanges such as Bitget and Bybit have recorded solid trading activity.

This spike comes after a new allocation of capital into the HYPE token. Lion Group Holding Ltd. announced plans to swap their Solana (SOL) and Sui (SUI) holdings into HYPE. The company said the move was prompted by BitGo’s decision to start providing custodial services for HyperEVM assets.

Not only that, but in August, Hyperliquid also set a new record for monthly revenue. Its total revenue and trading activity has surpassed an all-time high of $106 million, up 23% from $86.6 million in July.

With the backing of VanEck’s CEO and growing institutional involvement, Hyperliquid has the potential to continue expanding its influence in the crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. VanEck CEO Confirms: ‘We Are Bullish Hyperliquid,’ Seeking Deeper Role in Ecosystem. Accessed on September 10, 2025
• Coingape. “We Are Bullish Hyperliquid,” VanEck CEO Says As HYPE Price Hits New ATH. Accessed on September 10, 2025
• Coinspeaker. VanEck CEO Backs HYPE as Hyperliquid Hits New ATH. Accessed on September 10, 2025