Grayscale reports that blockchain projects with solid fundamentals, especially in financial services and DeFi, are outperforming speculative memecoins amid growing institutional adoption and a prolonged bear market. Their analysis shows the Financials Crypto Sector gained about 15% in 2024, while the Consumer and Culture sector, dominated by memecoins like Dogecoin, fell roughly 75%. Hyperliquid, a decentralized exchange token, stood out with significant gains tied to its revenue model. This shift highlights a market trend favoring sustainable business models and measurable cash flows over hype-driven tokens.
U.S.-listed altcoin ETFs showed mixed investor flows on August 6, with XRP and Hyperliquid ETFs attracting net inflows while Solana ETFs experienced outflows. XRP ETFs gained $3.45 million, primarily in Franklin’s XRPZ and Bitwise’s spot XRP ETF, ind...
JPMorgan highlights increasing competition for Hyperliquid, a leading decentralized crypto perpetual contracts platform, from regulated derivatives in the US attracting institutional investors. This competition challenges Hyperliquid's advantages in ...
Hyperliquid announced a 3x fee increase for its HIP-3 tokenized asset perpetuals, replacing the current 90% discount as the market matures. This fee hike, targeted at specific assets, aims to boost revenue shared between deployers and the protocol, w...
The crypto market is mostly flat today with Bitcoin trading around $64,387, up slightly by 0.13%. Despite the calm, most major cryptocurrencies have lost significant value this year, with Ethereum down 35.76% and Bitcoin down 26.43%. Only a few coins...
Hyperliquid's spot ETFs, launched in mid-May with strong inflows peaking at $280 million, have experienced nearly $30 million in net outflows as of early August. The decline follows increased competition from other altcoin ETFs and a cooling market s...
