Hyperliquid News: This is what's behind the 740% since December

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Hyperliquid's $HYPE coin has seen one of the best price performances of all leading cryptocurrencies, rising 740% since December. In this article, we'll take a closer look at what it is, how it's performed, and what to expect in the future.

Hyperliquid is a decentralized crypto exchange that doesn't use a blockchain like Ethereum or Solana, but instead uses its own Layer 1. The decentralized crypto exchange uses an on-chain order book to achieve the lowest possible latency.

This will enable a particularly high speed of 200,000 TPS (transactions per second) and a block time of just 0.07 seconds . Furthermore, the DEX is expected to be characterized by its high user-friendliness, with HyperEVM also offering compatibility with Ethereum .

Hyperliquid data | Source: Hyperliquid

Hyperliquid's native $HYPE coin was only introduced in November of last year via an AirDrop , in which 94,000 users each received $45,000 to $50,000. The coin is used for fees, staking, and governance.

Over the past 24 hours, according to DeFiLlama, Hyperliquid has taken the lead with USD 1.63 million in revenue . The next protocol, the memecoin launch platform Pump.Fun, only generated USD 1.12 million. The monthly comparison also looks positive, with Hyperliquid already in fifth place with USD 44.36 million.

Buy $HYPE Coin now!

Since its launch, the $HYPE coin of the DEX Hyperliquid has enjoyed similar success. It is now ranked 15th among cryptocurrencies with the highest market capitalization.

Hyperliquid currently has a market capitalization of USD 8.95 billion and a 24-hour trading volume of USD 199.97 million. The coin has gained 69.62% over the past month alone, outperforming many other cryptocurrencies, as only four of the top 100 have outperformed each other during this time.

Hyperliquid chart | Source: CMC

The development since its market launch has been even more positive, with the $HYPE coin initially listed at USD 6.4154. It has now reached a price of USD 26.8, representing an increase of 737.52%. Over the past six months, it has more than doubled the increase compared to the second-place token, Bitget Token.

According to CoinCodex's AI prediction, Hyperliquid could reach a price of USD 91.58 this month and USD 96.48 over the next three months. Based on the current price of USD 26.82, this would represent a further gain of 242% to 260% . This would put the market capitalization at USD 30.58 to 32.22 billion, but fully diluted at a high USD 91.58 to 96.48 billion .

Invest in Hyperliquid now!

While Hyperliquid has already achieved a very high rating with just a DEX, Best Wallet offers much more . The self-custodial digital wallet provides numerous features that provide crypto investors with many advantages in the crypto market.

Among other things, the Best Wallet is characterized by its high flexibility, as it supports more than 60 blockchains . Its coins can be conveniently exchanged via the DEX, which uses a useful price comparison to ensure that $BEST token holders don't have to pay unnecessarily.

To ensure profits go beyond price increases, staking also offers additional profit opportunities . In addition to swaps between cryptocurrencies, digital assets can also be quickly and easily exchanged with over 100 fiat currencies , ensuring you don't miss any opportunities.

Derivatives trading similar to Hyperliquid's is planned for the future. A dedicated bank card is also planned, allowing for quick and easy cryptocurrency payments. Numerous other features are also on the roadmap, such as MEV protection, an NFT gallery, and much more.

As the utility and user base expand, so does the value of the $BEST coin, unlocking discounts, higher interest rates, and more. This is why the presale generated such strong interest and a substantial $12.37 million in funding. This is also due to the high staking yield of 118% per year.

Invest in Best Wallet now!

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