Hyperliquid’s native token, HYPE, rallied 15% over the past day, outperforming the wider crypto market after the development team announced it had submitted formal comments to the U.S. Commodity Futures Trading Commission (CFTC) on new rules for perpetual swaps and continuous crypto trading.

In a post on X early Friday, Hyperliquid Labs disclosed it had provided two detailed comment letters praising the CFTC’s forward-thinking approach while encouraging regulators to incorporate decentralized finance (DeFi) principles to build safer, more effective financial products.

This move represents a rare and significant step for a DeFi-focused protocol to engage directly with U.S. regulators, underscoring both the sector’s growing sophistication and the critical need to shape regulatory frameworks that support innovation.

“Our vision is that Hyperliquid showcases how fundamental DeFi ideals can be applied to enhance market transparency, fairness, and user safety,” the team stated. “Fostering DeFi in the United States through open regulatory dialogue and clear guidelines is essential to maintaining the country’s leadership in financial innovation while ensuring strong user protections.”

The CFTC had invited public input on managing crypto derivatives trading around the clock. Hyperliquid, which operates a proprietary high-speed layer-1 blockchain enabling permissionless perpetual contracts, used the opportunity to present its platform as a real-world example of decentralized infrastructure meeting — and potentially surpassing — traditional financial standards.

With growing on-chain volume and influential whales like “James Wynn” reportedly placing multi-billion-dollar trades on the network, the spotlight on Hyperliquid is intensifying. Market participants are betting that proactive regulatory engagement will enhance HYPE’s credibility and pave the way for sustained upside.