Despite the general decline in the cryptocurrency market in recent weeks, some altcoins continue to attract the attention of investors. Following the significant decline in the price of Bitcoin, similar losses in value were observed in major cryptocurrencies such as Ethereum and Solana. However, despite this negative trend in the overall market, it is reported that a few certain tokens exhibited positive price performance and that especially institutional investors turned to these purchases.
Hyperliquid’s HYPE Token Stands Out
HYPE, the native token of the Hyperliquid platform, attracts attention with an increase in value of approximately 50 percent in the last two weeks. The platform focuses on crypto derivatives transactions and it is pointed out that increasing trading volume is behind the rise of the HYPE token. Payment of commissions on all transactions made on Hyperliquid with HYPE directly increases the demand for the token.
The fact that global silver transactions were recently listed on the platform and reached a significant transaction volume contributed to the appreciation of HYPE. In addition, some large asset managers are evaluating exchange-traded fund applications for the project, causing increased institutional interest and positive expectations.
Another important development is the platform’s updated margin sharing system. It is stated that thanks to this system, users can hedge their positions more effectively, increasing transaction efficiency.
With the platform’s new margin sharing feature, transaction volume and open positions increased noticeably.
In parallel, it is emphasized that daily platform revenues are strengthening and the HYPE token is in demand despite the general negative trend in the market.
Canton’s CC Token and Corporate Participation
Another token that stood out was the Canton network’s CC token. CC, which has increased in value by over 30 percent in recent weeks, has reached new peaks.
The Canton network, developed for corporate financial institutions, attracts the attention of especially large banks and financial infrastructure providers. The platform is also preferred in digitalization projects of financial assets such as government bonds.
It is considered that the platform’s token burning mechanism regularly reduces the amount of CC traded, which puts upward pressure on the price.
Corporate users are forced to burn CC tokens every time during transactions on the network. This situation contributes to supporting prices by reducing the supply in circulation over time. It is reported that with tens of thousands of transactions taking place every day, the demand for the CC token is getting stronger.
