HyperliquidX's native token $HYPE declined nearly 18% over the past week, lagging behind both Bitcoin and Ether during the same period. Despite the weekly underperformance, HYPE still outperformed BTC and ETH on a 28-day basis. Daily fees on the Hyperliquid protocol recovered to $3.38 million on November 9, up from $1.24 million recorded on November 7, according to DefiLlama data. The fee rebound suggests renewed user activity after a sharp mid-week dip.