HYPE Surges 101% This Year: What’s Driving Hyperliquid’s Growth? – Decrypt
In brief HYPE is up 91% year-to-date while Bitcoin is down 12%, a decoupling tied to Hyperliquid’s revenue diversification beyond crypto perps. Hyperliquid pulled $255M in revenue YTD, more than the next two apps combined, with 97% accruing to HYPE holders via buybacks. Bitwise and 21Shares have filed for HYPE ETFs, with Bitwise committing to...
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