Superliquid enables ETH to fly over BTC - @ HyperliquitX, its custom layer 1 on chain perpetual protocol, with a cumulative trading volume exceeding $500 billion. The platform has grown 15 times so far this year, occupying a dominant position and accounting for over 45% of on chain permanent market activities in the past 24 hours- This week, Ethereum (ETH) took center stage on HyperLiquid, with trading volume surpassing Bitcoin (BTC). The cumulative permanent trading volume of ETH has reached $7 billion, leading BTC by 18% over its $5.94 billion. ETH is also in a leading position among open contracts, with an active amount of $857.5 million, accounting for nearly 25% of the platform's total $3.49 billion- The surge of ETH indicates that sticky capital has boosted people's confidence in the second largest cryptocurrency, currently trading at $3900 (up 70% year to date). The custom design and KYC free approach of HyperLiquid combine institutional level performance with DeFi accessibility, driving this activity forward- The HYPE token of the protocol also caused a sensation, soaring 300% in two weeks to reach a market value of 5.69 billion US dollars, surpassing heavyweight companies such as Aave, Raydium, and Jupiter. The strong demand after the record breaking $1.9 billion airdrop indicates strong market confidence- HYPE is not only a governance token, it also powers HyperBFT consensus for HyperLiquid and acts as a gas token, consolidating its role in the ecosystem. With $ETH$ The growth momentum of BTC and $HYPE, HyperLiquid is redefining the on chain trading landscape.
BTC
+0.44%
ETH
+0.90%
AAVE
+1.19%
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorld (币界网). CoinWorld does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection42
like52
share