PURR Surges Above $10 as Analysts Tout Hyperliquid Outperformance

Hyperliquid could emerge as one of crypto’s strongest performers in a bull market after outperforming during the downturn, with cited by analysts.What Will Drive HYPE?"HYPE was the best-performing asset in the bear market," pseudonymous veteran trader Pentoshi said in an X post on Aug. 21, as the token gained 33% over the past three months.Hyperliquid Strategies Inc ) surged 26% during the same period.By comparison, major cryptocurrencies Bitcoin , Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) rose between 1% and 15% over the same period.HYPE could be among the strongest performers in a bull market as well thanks to Hyperliquid’s direct exposure to crypto trading activity, according to Pentoshi.If crypto markets turn bullish, trading volumes should rise, increasing fees generated by the platform.The trader noted that 99% of those fees go toward HYPE burns, linking greater activity to reduced token supply.Another catalyst arrives in less than a week with Aqav2, which Pentoshi expects to generate roughly $500,000 to $600,000 in additional daily fees for HYPE burns.He argued that increased on-chain adoption could potentially double that figure to around $1 million per day.Pentoshi said the token needs to decisively clear its previous peak but believes it is not far from entering price discovery, potentially with regulatory tailwinds supporting the move.How U.S. Regulation Could Open HyperliquidBlockworks analyst Shaunda Devens said ion Friday that Hyperliquid could gain U.S. access, which would allow regulated firms to build on it while handling KYC, market surveillance and customer protections.This could give compliant U.S. investors access without forcing Hyperliquid’s underlying permissionless protocol to become a traditional regulated exchange.The Hyperliquid Policy Center is pushing regulators to treat Hyperliquid as neutral financial infrastructure, with regulated firms responsible for compliance.The approach gained momentum after President Donald Trump said CFTC Chairman Michael Selig was working to bring HYPE into the U.S. legally and in full compliance.Image: Shutterstock