Hyperliquid's HYPE token has reached a 60-day high, driven by the platform's HIP4 upgrade and rising revenue. The upgrade introduces binary options trading, enhancing transaction frequency and liquidity, and expanding Hyperliquid's offerings beyond traditional perpetual futures. The platform's annual revenue is nearing $700 million, indicating strong usage driven by active trading. The HYPE token has maintained a steady uptrend since early March, with price action moving above key moving averages, confirming a bullish structure. The recent rally is supported by strong protocol fundamentals, with Hyperliquid reporting a total value locked near $4.8 billion. The introduction of binary options is expected to increase trading frequency and liquidity, positioning Hyperliquid as a comprehensive trading hub in the digital asset ecosystem.