$HYPE price has risen over 7% to reclaim $70 after VALR announced plans to launch a new cross-asset perpetuals product using Hyperliquid’s on-chain liquidity infrastructure.
VALR, Africa’s largest crypto exchange by trade volume, said the product will introduce more than 200 perpetual markets across crypto, equities, indices, commodities, precious metals, and foreign exchange. The web launch is set for Monday, July 6, with mobile access expected to follow later.
The integration gives VALR users access to Hyperliquid’s liquidity while keeping trading activity inside the VALR platform. Hyperliquid described the move as a major step for financial applications built on on-chain infrastructure.
VALR Adds Hyperliquid-Powered Perps
VALR said its new Perps product will allow users to open and manage positions directly on the VALR platform. The product uses Hyperliquid’s permissionless infrastructure to source liquidity and execute trades.
The exchange said the contracts will cover more than 200 markets. These include crypto assets such as Bitcoin, Ethereum, and Solana, along with global equities, stock indices, commodities, precious metals, and forex pairs.
The new product expands VALR’s derivatives business, which began with its initial perpetuals offering in 2023. VALR said the product will support long and short trading with leverage across several asset classes.
The company said the launch marks the first time a major regulated exchange has natively integrated an on-chain Layer-1 protocol to provide liquidity and trade execution for global cross-asset perpetuals.
VALR Says Users Will Get 24/7 Market Access
Gianluca Sacco, chief operating officer at VALR, said the launch brings a large set of perpetuals markets into the exchange’s app.
He said, “With this launch, we’re putting over 200 perpetuals markets directly inside the VALR app. 24/7 access to crypto, commodities, currencies, and equities — both listed and pre-IPO — all through the regulated exchange our customers already trust.”
Sacco also said perpetual futures have become a major product for crypto traders. He added that VALR believes perps may become a common way for users to trade different markets.
He said, “Our integration of Hyperliquid will give our users the deepest on-chain liquidity available anywhere.”
Hyperliquid Gains Exchange Integration
Hyperliquid said VALR’s use of its liquidity is an important milestone for on-chain financial infrastructure. The project compared its role to cloud computing, where developers use scalable infrastructure while focusing on products and users.
Hyperliquid said builders can use its on-chain liquidity rather than building market infrastructure from scratch. The project said this model can support the next generation of financial applications.
The integration comes as Hyperliquid gains more attention in trading markets. Hyperliquid ranked fifth among exchanges by 24-hour spot trading volume, with $324.38 million reported.
Source: X
However, despite the integration, Hyperliquid was added last week to the Monetary Authority of Singapore’s Investor Alert List. The listing is not a ban, enforcement action, or finding of wrongdoing but indicates that an entity may be wrongly viewed as licensed or regulated by MAS.
$HYPE Price Rises Above Key Support
$HYPE traded higher after the VALR announcement. The token rose 7.23% over 24 hours to $70.14, after moving up from around $65.32 earlier in the session.
On the 24hr chart, $HYPE gained 4.89% to trade near $70.17. The token opened near $66.87 and reached a daily high of $70.75, showing steady buying activity.
Source: TradingView
$HYPE is now trading above the Bollinger Band midline near $66.31. That level has become short-term support, while the next resistance sits near the upper Bollinger Band at $73.12.
A daily close above $73.12 could open a move toward $75 and $77.50. If buyers fail to hold momentum, $HYPE could retest $66.31 and then the $62.50 support area.
