According to BlockBeats news, on December 17, according to Hyperliquid data, HYPE continued its rise and exceeded US$28, with a 24-hour increase of 13.26%, continuing to hit a record high. The market value was temporarily reported at US$9.3 billion, surpassing LTC and ranking 26th in the cryptocurrency rankings. , the 24-hour transaction volume reached US$336 million.
BlockBeats Note: Hyperliquid is L1 specifically built for decentralized derivatives trading. Currently, its mainnet has not yet been launched. Its vision is to create a decentralized Binance. As of now, Hyperliquid has not received any investment. The Hyperliquid Foundation stated in the announcement of the genesis event that “there is no allocation for private investors, centralized trading platforms or market makers in the token distribution.” At present, Hyperliquid’s on-chain deposits and withdrawals still need to be bridged through Arbitrum, and Arbitrum More than 60% of the USDC tokens on the chain are held by Hyperliquid addresses. As L1, Hyperliquid’s ecosystem is not yet complete. From browsers to DEX, it is Hyperliquid’s self-operated model. All technological innovation and development focuses on improving the performance of the decentralized derivatives trading platform.
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