ChainCatcher message, encrypted KOL Ansem stated on social media, "After seeing the increasing impact of the comparison between centralized exchanges (CEX) and Hyperliquid data, I started to frequently check these numbers, and I was surprised by how small the gap between them is."

Data shows that HYPE's 24-hour spot trading volume reached approximately 640 million USD, which is basically on par with the spot trading volume of Bitcoin on Coinbase.