HYPE coin, hyperliquid It gained more than 200 percent in value after the platform’s token production event. The coin, launched on November 29, is currently trading at $12.11. According to CoinGecko data, it has increased by over 30 percent in the last 24 hours. This rise pushed the altcoin’s fully diluted valuation (FDV) to over $12 billion. There are 333 million coins in circulation out of a total supply of 1 billion. The market value of the altcoin reached approximately 4 billion dollars. Daily transaction volume exceeded 258 million dollars.
Leading the DeFi Market
DeFiLlama data shows that Hyperliquid leads in terms of transaction volume and total value locked (TVL) among decentralized perpetual swap protocols.
Co-founder of Zeta Markets Anmol Singhinterpreted the trading volume at HYPE’s launch as an indicator of the growing influence of decentralized exchanges (DEX). Singh said decentralized exchanges are now coin He stated that they have become the preferred platforms for their launches. “Central stock exchanges have now lost their functionality. “The lack of transparency and alignment with the community is striking,” he said.
Singh emphasized that this change is not temporary. “By 2025 we will see most coin launches happening on DEXs. “Compared to centralized exchanges, DEXs will be a more attractive option,” he said.
HYPE Coin’s Role in the HyperLiquid Ecosystem
HYPE coin plays important functions in the HyperLiquid ecosystem. altcoinHyperBFT can be staked to secure the consensus mechanism and decentralize the network. Additionally, HYPE serves as a native gas coin that covers transaction fees in HyperEVM, the network’s execution environment. These features allow the coin to both increase the security of the platform and optimize transaction costs.
HyperLiquid’s innovative approach is welcomed by both investors and users. Increasing transaction volume reinforces the platform’s rise in the industry. Altcoin’s contributions to the ecosystem lay an important foundation for Hyperliquid to achieve sustainable success.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
