HYPE is up 300%, and Hyperliquid leads the DEX perp market. But with a $38B valuation and just 21 validators, some question if the rise is sustainable.
Key takeaways:
HYPE has surged over 300% since April, driven by growing usage of the Hyperliquid exchange and rising investor interest.
Hyperliquid now leads the decentralized perpetuals market, processing over 70% of DEX perp volume.
