Most traders want to invest in the decentralized servers only. That’s one exclusive demand in the risk on assets industry. Hyperliquid is one of the decentralized crypto exchanges developed on the Layer 1 blockchain platform.
Meanwhile, the market projects that there will be a full recovery phase. The bullish phase might be around the corner.
HYPE a.k.a. Hyperliquid is a futuristic trading platform that will facilitate high-speed transactions. At the same time, it will offer deep liquidity.
The HYPE stage will be affording DeFi efficiency with a unique HyperBFT consensus. This technology can process more than 100,000 orders every second.
The native token to the platform, HYPE is the nucleus of the system. The coin has been listed in the segment of the top 30 global cryptos in a flash. CoinGecko reports.
The best Part of the Coin
The reason why the coin is flourishing fast is that it is based on fundamentals, mainly. At the same time, there is a speedy adoption of the coin. The weekly trading average for the coin has been $10 million worth of revenue.
Meanwhile, the developers are using the same fund for token buyback. It will reduce the circulating supply. As a result, the demand for the coin will be stable.
The tactic seems to be working for HYPE. The stable total value locked (TVL) at more than $260 million, with an exciting trading volume, speaks about the core strength of the coin.
The Price Prediction
The current price of the coin is $7. It is already up nd above a lot of coins which were introduced around the same time.
However, the projections suggest that HYPE is not going to stop soon. The coin is already projected to grow to $20. Or more?
