HYPE surges over 50%+! The silver trading frenzy ignites Hyperliquid, is the DeFi perpetual king set for new highs?
Hyperliquid's HYPE has taken off directly: it has surged over 50% in the past week, skyrocketing over 20% in 24 hours, with the current price around $34.4 (fluctuating in real-time), and a market cap exceeding $8.8 billion, firmly ranking in the top 12! This surge is not unfounded, but is driven by a genuine trading frenzy—silver perpetual contracts have seen nearly $1 billion in daily transactions, and commodities like gold are also going wild! Why is Hyperliquid so powerful?
Fully on-chain L1 blockchain, self-developed HyperBFT consensus, TPS is off the charts, zero gas fees for transactions, sub-second confirmations, crushing traditional DEXs!
The market share of perpetual contracts has exceeded 60%, with daily trading volume in the hundreds of billions, and open interest consistently exceeding $10 billion.