Keeping The Hype
With big catalysts in the pipeline, Hyperliquid aims to keep up the hype. We have a closer look at the L1’s plans for growth and expansion.
Preview
TLDR
- Hyperliquid has grown to command 55% of 7-day perp DEX trading volume, outperforming competitors through its product-first approach.
- Hyperliquid’s open interest and trading volume have risen to such a size that it is more comparable with CEXs. Open interest on Hyperliquid currently sits at 47% of OKX’s levels, and 13% of Binance’s.
- Set to launch “soon”, HyperEVM will be a component of the Hyperliquid L1 network directly embedded within its HyperBFT consensus layer. A successful launch would essentially see Hyperliquid become a fully-fledged L1.
- Hyperliquid’s Assistance Fund, a sort of insurance fund which is continually bolstered by HYPE market buys from platform revenue, is aggressively accumulating HYPE as Hyperliquid's perp volume continues to soar.
- While altcoins remain weak, Hyperliquid is one of the few projects that currently offers some optimism. However, we maintain there is reason to be cautious.
