Hyperliquid Emerges As Ethereum, Solana Rival: Here’s How High HYPE Could Go
Posted On December 17, 2024
Hyperliquid (CRYPTO: HYPE), a rising decentralized exchange and Layer-1 blockchain, has caught the attention of cryptocurrency enthusiasts after rising almost 800% in three weeks.
What Happened: Pseudonymous analyst Fmoulin wrote a detailed analysis of HYPE in a post on X on Sunday, diving into the project’s revenue potential and growth opportunities.
1. Exchange Market Dominance: Hyperliquid has captured over 50% of decentralized futures trading volume in the past month.
With open interest currently about 10% of that on Binance, the analyst sees significant room for growth, suggesting that as …
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