HYPE, the native token of Hyperliquid, has maintained the top spot on CoinGecko’s trending cryptocurrencies list this week, overtaking major names such as Solana and Pudgy Penguins as trader attention converges on the protocol’s expanding product roadmap.
The ranking, shared on X by CoinGecko, places HYPE as the most-searched and most-viewed asset on the platform. The development comes hot on the heels of other news that Hyperliquid has begun native prediction markets testing on its testnet.
HYPE Leads CoinGecko’s Weekly Trending Rankings
CoinGecko’s trending list reflects user activity across its platform, including searches, page views, and engagement, offering a real-time snapshot of what traders are actively watching. This week, HYPE ranked first, followed by Solana (SOL) and Pudgy Penguins (PENGU). A broader mix of Layer 1s, DeFi tokens, NFTs, and real-world asset plays filled out the top 20.
HYPE’s appearance at the top of the list for two consecutive weeks is especially striking given the presence of established large-cap assets. While Solana continues to benefit from strong ecosystem growth and Pudgy Penguins from brand-driven momentum, Hyperliquid’s rise reflects more product-driven catalysts.
On that note, news reports indicate that Hyperliquid has begun testing native prediction markets on its testnet. The protocol recently announced that its HIP-4 upgrade will bring prediction markets to the platform, marking a strategic shift toward broadening its on-chain financial offerings.
Prediction markets allow users to trade on the outcomes of real-world events, ranging from politics and macroeconomic data to crypto-specific milestones. The sector has gained significant traction in recent months, with platforms like Polymarket drawing mainstream attention as traders increasingly turn to on-chain markets for real-time sentiment and probabilistic forecasting.
Why Prediction Markets Matter for HYPE
The move into prediction markets, as Hyperliquid aims to become a multi-product on-chain financial hub, places HYPE in a more utility-driven spotlight. As Hyperliquid rolls out new features, activity across the platform can translate into higher engagement, deeper liquidity, and stronger ecosystem stickiness.
For market participants, this shifts the conversation around the token from speculative interest toward longer-term protocol relevance. The testnet launch, in turn, is driving community participation and heightened attention as traders attempt to position ahead of broader adoption.
Market Buzz Builds Around Hyperliquid
Reaction across crypto social media suggests growing curiosity about how Hyperliquid’s prediction markets will differentiate themselves in an increasingly competitive space. Analysts and traders are closely watching whether the platform can leverage its existing liquidity and trading infrastructure to create a seamless experience for event-based markets.
At the same time, CoinGecko’s trending data highlights how quickly attention can shift toward projects that deliver tangible developments, even during periods of broader market uncertainty.
With HYPE now leading CoinGecko’s trending charts and prediction markets testing underway, attention is likely to remain fixed on Hyperliquid’s next steps. Feedback from the testnet phase, iteration speed, and any indication of a mainnet rollout could become key drivers of sentiment in the weeks ahead.
Temitope Olajide
Evans Kelvin
