🚀 Hyperliquid comes to the forefront of derivatives
Hyperliquid is a high-speed L1 decentralized derivatives exchange that is currently experiencing explosive growth. In the HIP-3 market, the trading volume of silver perpetual contracts paired with USDC reached $1 billion in 24 hours.
🔻 This triggered a massive short squeeze: short positions worth $25.13 million were liquidated (93.59% of all liquidations).
📊 The total trading volume increased by 91.32% — to $841.95 million.
This means that the momentum is supported by a combination of speculative leverage and strong product innovations. $HYPE is establishing itself as one of the leaders in on-chain perpetual contracts, although the movement is accompanied by increased volatility.
👀 We are monitoring rumors of a possible listing on Kraken, which could become an additional catalyst for interest in $HYPE .
#Hyperliquid #hype #perpetuals #DeFiDerivatives #CryptoMarkets
