Institutional investors are ditching range-bound bitcoin and ether for Hyperliquid as the decentralized platform wins over hedge funds with massive liquidity and early access to hot markets, according to Joshua Lim, head of markets at FalconX.

HYPE token reaches the top 10 by market cap, driven by Hyperliquid's $1.16B in revenue, aggressive buybacks, and $190B in monthly trading volume.

Institutional investors are ditching range-bound bitcoin and ether for Hyperliquid as the decentralized platform wins over hedge funds with massive liquidity and early access to…