- HYPE surged 87% in two weeks despite general crypto market pressure.
- Surging demand for HyperCore and Outcomes triggered HYPE’s latest rally.
- Outcomes eliminate leverage and liquidations in derivatives trading.
HYPE, the native cryptocurrency of the Hyperliquid ecosystem, has defied the prevalent bearish pressure across the crypto market to deliver impressive returns over the past two weeks. According to data from TradingView, HYPE has surged over 87% since January 21, bouncing off support at $20.5 to reach $38.3 in the early hours of Tuesday, February 2, 2026.
HypeCore and Outcomes Demand Boosts HYPE’s Price
HYPE’s latest rally comes amid surging demand for Hyperliquid’s ecosystem products, particularly HyperCore, the foundational, high-performance, layer-1 blockchain infrastructure for the Hyperliquid network that facilitates on-chain spot and perpetual trading.
In a recent post on X, Hyperliquid singled out HyperCore’s support for Outcomes, a new, fully collateralized, non-leveraged derivative contract on its platform, as the motivation behind the current surge in demand. The project linked the surge in demand for its native token to the extensive adoption of HyperCore and Outcomes.
What Does Outcomes Bring to the Hyperliquid Ecosystem?
Meanwhile, the Hyperliquid team described Outcomes as an innovation that brings non-linearity, dated contracts, and an alternative form of derivative trading that does not involve leverage or liquidations—something new and different for derivatives traders. Besides eliminating leverage and liquidations in derivatives trading, the Outcomes primitive also expands the expressivity of HyperCore, while composing with other primitives such as portfolio margin and the HyperEVM.
The Hyperliquid team considers Outcomes as a work in progress, noting that it is currently only being tested on testnet. Future activities within the ecosystem will see Hyperliquid deploying canonical markets denominated in USDH based on objective settlement sources. The blockchain project is also open to extending to permissionless deployment, depending on users’ feedback.
HYPE’s Exceptional Performance
In the meantime, HYPE’s resurgence remains one of the most significant rallies in the cryptocurrency market since the beginning of the year. The digital asset broke above multiple resistance levels and entered a bullish region with the potential to extend further to higher price targets.
Related: Why Is HYPE’s Price Up Today, and Can It Reach $50?
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Source: https://coinedition.com/hype-surges-87-amid-growing-demand-for-hypercore-and-outcomes/
