Hype, the sign of leading decentralized eternal exchange hypiquid, is now the fourth largest digital active by Futures Open Interest.
At the time of writing, the dollar value of the number of active or open bets in Hype -Futures (perpetual and standard) was traded worldwide $ 2.06 billion, according to data source Coinglass.
That hype placed before dogecoin
Doo$ 0.17776
Because futures on the meme had an open interest of $ 1.83 billion. The XRP-Cryptocurrency Voorhype focused on payments with Bitcoin
BTC$ 107,192,18
ether
ETH$ 2,628.95
and Solana’s Sol
SOL$ 156.95
leading the peloton.
Hype’s Futures Market Leadership on Doge and many other cryptocurrencies with larger market values probably represents the growing popularity of specially built blockchain products.
Hyperliquid is a decentralized exchange that focuses directly on offering a perpetual futures market on chain and is built on its own layer 1 blockchain. Last week Hyperliquid accounted for 60% of the total trade volume of $ 94.3 billion, according to Data Source @Uwusanauwu’s Dune-based tracker.
Hype token is used for economic stimuli, reimbursement payments and decentralized administration, allowing holders to participate in the decision-making process. The protocol uses 97% of the trading costs that are collected from users to reduce the hype, so that constant bullish pressure is added to the market.
“92.78% of the turnover of Protocol (Hypercore) goes to the purchase of the hype on the open market-annual more than $ 1 billion in return,” said Hyperliquid Hub about X. “Large companies and funds can be actively added to their portfolios and top makers of traditional financial trade on the diepcore in In In In In In In In In In In In In In In In In In In In In In cransion”
Hype futures open interest. (Coinglass)
For a record price of $ 44 in three months, Hype received a four -cross rally. In addition to a thriving open interest and positive annual financing percentages, the rally happened, which rose to more than 100% at a certain moment, which indicates a strong demand for bullish leverage.