Deep Tide TechFlow News, on December 2, according to The Block, the price of the HYPE token for the decentralized perpetual contract trading platform Hyperliquid has been continuously rising, with a current market value of 3.1 billion USD, surpassing the lending platform Aave. Data shows that the HYPE token has significantly increased in value since the airdrop, with the current price at 9.39 USD and a fully diluted valuation of 9.4 billion USD.
On December 1, the platform airdropped 310 million HYPE tokens with no lock-up period to early users, with an initial value of about 1.2 billion USD, which has now risen to 2.9 billion USD. Hyperliquid's market share in the decentralized perpetual contract trading space is nearing 50%, while its main competitor Synfutures has seen a 30% drop in trading volume over the past two days. However, some industry insiders question whether the platform's closed-source characteristics may affect data credibility.