Hyperliquid (HYPE) adds $1 billion in a week despite shaky crypto market

Hyperliquid ($HYPE) gained $1 billion in its market cap during the past seven days, thereby outshining the other top 10 crypto assets as of March 11, 2026.

During the past 7 days, $HYPE price rallied over 12% to trade at about $36.62 at the time of this publication, based on data from CoinMarketCap, a crypto info platform. As such, this altcoin’s market cap gained over 6% to hover around $9.42 billion at press time.

Meanwhile, the total crypto market cap has remained shaky in the past seven days without a clear direction. As of this reporting, the total crypto market cap hovered around $2.39 trillion down from $2.49 trillion a week ago.

Why is Hyperliquid outperforming the wider crypto market?

The main reason why $HYPE outshined the wider top ten crypto assets is due to the continued ecosystem momentum of the leading decentralized exchange (DEX) Hyperliquid.

Meanwhile, the Hyperliquid token’s Open Interest (OI) gained over 7% in the past 24 hours to reach $1.35 billion, according to data from CoinGlass, an on-chain analytics platform. The rising OI combined with the technical breakout heavily influenced $HYPE’s positive performance in the past few days.