Since the launch of its native token Hype, decentralized trading platform and Layer 1 blockchain Hyperliquid has received over $1 billion in net USDC inflows, according to analytics firm Spot On Chain.
Currently, the platform's deposit bridge holds over $2,1 billion in USDC stablecoins.

Hyperliquid is a decentralized platform that allows users to trade perpetual derivatives by aggregating liquidity from various sources, with leverage. It operates as a layer 1 application network with its own memcoins, such as Purr, Points, etc.
Token plays a major role in the platform's perpetual and spot decentralized exchange, where it is traded against USDC. It also acts as its own gas token for HyperEVM, the platform's runtime environment. Since its launch on November 29, according to CoinGecko token Hype has risen more than 590% from $3,90 to the current $26,61.

On Monday, the Hyperliquid team announced that it had reached a new all-time high in open interest of over $4,3 billion, indicating user activity.
According to DefiLlama, the total value locked in Hyperliquid has grown from $196 million on November 29 to $3,203 billion today.
#Hyperliquid
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Hey crypto friends! Today, we're diving deep into the #hype token from Hyperliquid. We're all wondering: does this gem have the potential to climb to $200 by the end of the bull cycle? Well, let's try to unpack that together. Buckle up, it's going to be a ride!
The Fundamentals:
Let's start with the basics - the fundamentals. Hyperliquid isn't just another DEX (Decentralized Exchange) in the DeFi jungle; it's an ecosystem on a Layer 1 blockchain aiming to shake up the game. First thing to note: no VC (Venture Capital). You heard that right. Hyperliquid has been 100% community-funded, which is pretty cool because it means the team is truly motivated to make the project thrive for its users, not some investors.

The Team:
The #hyperliquid team is impressive. We're talking former employees from Jane Street, Andreessen Horowitz, and even MIT. The founder, Notsofast, is an ex-crypto trader with a clear vision for decentralized trading. This team has the chops to make Hyperliquid a world-class platform.

The Technology:
Technologically, Hyperliquid is a dream. They've developed their own blockchain with a consensus algorithm called HyperBFT - super fast, with block latency under 1 second and a capacity to handle 150,000 transactions per second. No gas fees, low trading fees, and a user interface that doesn't hurt your eyes. All this translates to a smooth and efficient trading environment. And with HyperEVM coming, integration with Ethereum could open up a bunch of new possibilities.

Community Sentiment:
The sentiment around HYPE within the community is electric. Since the massive airdrop, people are excited and active, and there's real belief in this project's potential. Forums, Twitter, Discord—everywhere you see lively discussions, strategy sharing, and genuine passion for what Hyperliquid is building.
Statistics and metrics:

CMC (CoinMarketCap): #hype has already shown it can grab attention with impressive trading volumes and rapid market cap growth post-TGE.FDV (Fully Diluted Valuation): Looking at the total supply of 1 billion tokens, projecting a price of $200 gives us an FDV of $200 billion. That's huge, but in a bull market with massive adoption and novel uses, anything's possible, right?Total Supply vs. Circulating Supply: There's a total of 1 billion tokens, but only about 333 million are in circulation after the airdrop (with plans to increase this supply), so relative scarcity could work in favor of price increase.

Now, reaching $200 seems ambitious, but the stars are aligning quite favorably for HYPE:

Continued platform adoption with more traders and dapps coming on board.Technological updates that could make Hyperliquid a major player.A passionate community actively promoting and using the token.And most importantly, the absence of VC funding, which might mean less pressure for quick exits and more focus on sustainable growth.

Of course, this is crypto, and it can be an emotional roller coaster. But if Hyperliquid keeps up its momentum, who knows? Maybe HYPE at $200 isn't that crazy. Stay tuned, stay engaged, and above all, do your own research. If you're a trader, Bitget still has 1700 HYPE in their Candyboom event, which might interest someone.
Catch you later for more adventures in the world of crypto!
Don't forget to mention the strong points I forgot to analyze.

The potential cyber attack from North Korea has caused a frenzy for Hyperliquid's HYPE token, highlighting serious risks in the decentralized finance sector.
#Hyperliquid , a layer one blockchain and decentralized exchange, faced a significant shock as reports emerged about the potential involvement of North Korean hackers causing the token value and total value locked to plummet over the weekend.