
Jakarta, Pintu News – Hyperliquid , a decentralized derivatives platform, recently recorded a significant milestone with total futures trading open interest reaching an all-time high of $14.7 billion.
This increase signifies intensified investor activity as well as increased confidence in Hyperliquid’s HYPE token. Although the HYPE price declined slightly to $43.38, a decrease of about 2.13% in the last 24 hours, the monthly gain of 17.12% indicates strong long-term performance.
Check out the full analysis below!
Hyperliquid has captured the market’s attention with a significant increase in open interest, reaching $14.7 billion. This increase not only reflects higher trading volumes, but also investors’ growing confidence in the platform.
As a platform that combines the ease of use of a centralized site with the security of a decentralized platform, Hyperliquid offers a unique experience for its users. The platform does not require user identity verification (KYC), which is a big change compared to other exchanges.
This is possible because Hyperliquid is built on its own Layer-1 blockchain, which guarantees transparency and security without compromising user privacy.
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Although there was a drop in HYPE’s price to $43.38, this drop looks small when compared to the monthly price increase of 17.12%. This drop can be considered a normal market correction after a significant rise. Investors are still showing high confidence in HYPE, which can be seen from the increase in open interest on the platform.
Currently ranked 11th with a market capitalization of $14.49 billion, HYPE has the potential to enter the top 10 cryptos with the largest market capitalization, approaching Cardano and TRON . If this trend continues, HYPE could unseat both cryptos in the near future.
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Hyperliquid’s success in achieving a new open interest record shows that the potential for growth is still huge. The platform continues to innovate by integrating the latest technology to improve transaction security and efficiency.
With an approach that focuses on security and user-friendliness, Hyperliquid has the potential to become a market leader in the crypto industry. Moreover, with increasing adoption and recognition from institutional investors, Hyperliquid and its HYPE token are on track to achieve wider adoption.
This will help in increasing the value and stability of HYPE in the future, along with the growth of the Hyperliquid ecosystem as a whole.
With new achievements and growing potential, Hyperliquid shows that they are not just a new player in the crypto market. They have the vision and technology to change the competitive landscape in the crypto industry. Investors looking for opportunities in crypto assets with high growth potential may find Hyperliquid an attractive option.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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