Hyperliquid, a decentralized perpetuals exchange and Layer 1 blockchain, has generated over $1.2 billion in fees since its 2024 launch, signaling strong growth and sustainability. Its buy-back-and-burn model uses most fees to reduce HYPE token supply, creating deflationary pressure that may increase the token's value. Currently trading near $60, about 14.5% of HYPE tokens have been removed from circulation. Market optimism prices a 30% chance for HYPE to reach $100 by the end of 2026, with future developments and partnerships likely influencing this outlook.
Hyperliquid's token price fell about 12% to near $59 following large transfers totaling nearly $59 million from wallets suspected to be linked to venture capital firm a16z. These transfers increased selling pressure across multiple exchanges, leading...
Bitcoin fell 1.2% below $63,000 and ether dropped 1.74% as a broad risk-off sentiment hit markets, driven by a selloff in semiconductor stocks and renewed tensions in the Middle East. This caused a rotation into safer assets like gold, which rose abo...
A major holder sold over 443,000 HYPE tokens worth around $28 million near all-time highs, triggering a 12% price decline in 48 hours. The proceeds were moved to Hyperliquid and other exchanges, suggesting potential further selling or leveraged short...
Cronos (CRO) surged 7.43% to $0.0597, leading gains among altcoins due to strategic partnerships and ecosystem growth. Other notable gainers included Beldex, Stable, Mantle, and Polkadot, each rising between 2% and 6%. Conversely, Lighter fell 10.43%...
Hyperliquid, a decentralized exchange for perpetual futures, has reached a record 9.3% share of global aggregate perpetual open interest, up from 6.9% six weeks earlier. This milestone reflects significant growth driven by its HIP-3 permissionless ma...
