BlockBeats news, December 2nd, Hyperliquid's HYPE token has been continuously rising since the TGE and airdrop of 310 million tokens last Friday. At the current price of HYPE at $9.39, its market value has exceeded $2.9 billion, briefly surpassing OP, with an FDV of $9.4 billion.

According to data from The Block, Hyperliquid accounted for nearly half of the total trading volume on decentralized derivatives platforms yesterday, reaching 47%.