Why are CME and ICE really scared of $HYPE ? The numbers: Hyperliquid: ~70% of all on-chain perps Bitwise just launched a spot HYPE ETF Coinbase is its official USDC treasury partner HYPE outperformed during Friday s macro rout A DEX is now a credible threat to the two biggest derivatives exchanges on Earth. That s the 2026 disruption story in one ticker. $HYPE