Hyperliquid (HYPE), the native token of the decentralized perpetuals exchange built on its own L1 chain, is trading around $31–$32 as of February 19, 2026, roughly 47% below its 2025 all-time high near $59. Despite the drawdown, sentiment across crypto circles has turned increasingly bullish following a bold forecast from BitMEX co-founder Arthur Hayes.

Coinbase’s Layer-2 network Base is charting a new path. On February 18, 2026, the team confirmed it will transition away from the Optimism OP Stack and migrate to a proprietary “unified stack” - a move designed to bring core infrastructure under one roof and speed up development.

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