Payward plans regulated HIP-3 markets: What it means for the Hyperliquid price

Published on 10/28/2026 at 07:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A 21,790 HYPE burn was reported on October 21. The Hyperliquid price is 77.13 USD as of October 28, 2026, down 1.35 percent.

Network access and token flows

On October 26, Hyperliquid identified Payward as the planned first regulated HIP-3 deployer.
A total of 21,790 HYPE was burned on October 21, taking cumulative burns to 49.69 million tokens.
The Hyperliquid price stands at 77.13 USD as of October 28, 2026, 1.35 percent below the UTC daily close of October 27, 2026.
A scheduled release of 9.92 million HYPE is due on November 6, 2026.

Hyperliquid, XCRYPTOHYPE5, Illustration mit AI erstellt.

Hyperliquid (HYPE) plans to make Payward the first CFTC-regulated HIP-3 deployer, according to The Block on October 26, 2026. The Hyperliquid price stands at 77.13 USD as of October 28, 2026, down 1.35 percent compared with the UTC daily close of October 27, 2026.

Payward plan puts HIP-3 on testnet

The proposed arrangement would use Hyperliquid's HIP-3 framework for perpetual futures markets, which are contracts that track asset prices without an expiration date. The Block reported that the planned deployment would use optional onchain allowlists, allowing a market operator to limit access to approved accounts.

Subject to regulatory approval, Payward unit Bitnomial would create, administer, clear and settle the markets, while NinjaTrader Clearing would handle customer accounts, The Block reported. The feature is available on testnet, and the report said existing HIP-3 markets would remain unchanged.

21,790 HYPE burned on October 21

Hyperliquid bought and burned 21,790 HYPE over 24 hours at an average price of 80.27 USD, according to TokenPost on October 21, 2026. The report put the value of that burn at 1.75 million USD and said cumulative burns reached 49.69 million HYPE.

The same report said estimated fees for that 24-hour period totaled 1.65 million USD. Burned tokens are permanently removed from supply. This burn figure and the proposed regulated-market deployment describe separate developments for the network.

November 6 unlock adds a supply date

A core-contributor release of 9.92 million HYPE is scheduled for November 6, 2026, according to CoinCentral. The publication described the amount as a scheduled unlock, while the number of tokens ultimately reaching public markets can depend on how recipients handle their allocation.

The November date is a supply event rather than a confirmed sale. Separately, the proposed HIP-3* functionality remains subject to regulatory approval, according to The Block's October 26 report. The Hyperliquid price therefore remains a market-data point, while the network's access-control plan and token schedule are dated developments with different conditions.

HYPE market data on October 28, 2026

According to Investing.com, HYPE trades at 77.13 USD as of October 28, 2026, down 1.35 percent compared with the UTC daily close of October 27, 2026. The daily high is 78.95 USD and the daily low (UTC day) is 76.20 USD. Market capitalization is 19.56 billion USD, ranking HYPE 10th, while 24-hour volume is 822.03 million USD. Circulating supply is 253.77 million HYPE.