Finst

HYPE, UNI, and WLD Rise Despite a Weakening Crypto Market

As the crypto market cools off, HYPE, UNI, and WLD stand out with double-digit gains. What is driving these sharp movers?

By Luc Vesters
• 2 min read
HYPE, UNI, and WLD Rise Despite a Weakening Crypto Market

Key Takeaways

  • Bitcoin and the broader crypto market cooled off on Tuesday, but HYPE, UNI, and WLD posted double-digit gains.
  • HYPE hit more than $76 and is up nearly 200% this year thanks to the growth of Hyperliquid's onchain trading platform.
  • UNI rose after a bank report on DeFi, while WLD gained 12% and is up about 180% this month.

Bitcoin and the broader crypto market cooled off on Tuesday after an early-week rally, but a few tokens managed to keep their strong momentum going. Hyperliquid's HYPE, Uniswap's UNI, and Worldcoin's WLD posted double-digit gains, making them some of the week's standout winners.

Hyperliquid and HYPE Token in the Spotlight

HYPE climbed to a record high of more than $76 (€66), putting the token up nearly 200% this year. Hyperliquid stands out with a blockchain-based trading platform for perpetual futures through an onchain order book. The platform offers fast, low-latency transactions and supports more than 150 perpetual markets with leverage of up to 50x. Because of that, it's seen as a serious competitor to traditional exchanges, with ambitions that go beyond crypto into tokenized stocks and commodities.

The partnership with Coinbase also stands out: Circle's USDC is the platform's main trading currency. Some of the revenue from the U.S. Treasury bonds backing USDC is used to buy HYPE tokens, which could add more confidence in the token.

Uniswap and Worldcoin Benefit From Growing Interest

Uniswap saw its UNI token rise after a report from a major bank that called DeFi one of the biggest growth sectors in crypto. This highlights the growing recognition of decentralized finance platforms as major players in the market.

The recent price jump lines up with the broader bullish view on the protocol; Standard Chartered is even expecting strong growth for UNI as DeFi keeps expanding.

Worldcoin's WLD rose 12%, bringing its monthly gain to about 180%. Despite recent volatility and regulatory challenges in several countries, the token remains a popular choice in AI-related crypto payments.

Why This Matters for European Crypto Investors

The moves in tokens like HYPE and UNI could matter for European investors who are closely watching the growth of onchain exchanges and DeFi sectors. The mix of tech innovation and institutional interest points to a potentially shifting crypto market, where decentralized platforms could play a bigger role.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.