The native token for decentralized Crypto Derivatives Exchange Hyperliquid struck a new level of peak price on Thursday as the altcoins were released at the Fed rate cuts.
Hyperliquid (Hype) Press a full time high of $ 59.29 during early trading on Thursday following the daily gain of around 8%.
The owner, with a market capitalization of just under $ 16 billion, climbed nearly 40% in the last month, which is a huge growth of the top three cryptocurrencies through market capitalization: Bitcoin (Btc), Ether (Eth) and XRP (XRP).
Hyperliquid is a decentralized exchange for Perpetual futures.
Bitmex founder Arthur Hayes is one of the first to Comment At the milestone on Thursday, it was called the “all-time hype.”
In August, Hayes Says That the token has a potential 126 times upside down, adding that the expansion of Stablecoin will push the annual DEX fee to $ 258 billion, from the current annual revenue of $ 1.2 billion.
Businessmen are cashing the hype
Nansen Highlighting A businessman with a leveraged long position on the hype with a position value of $ 30 million.
The Analytics platform reports that the entrepreneur is currently holding unstoppable income of $ 1.39 million and still adding to the position. They first started hoping around three hours ago, and add around 123 hype to their position every 30 seconds.
Related: How HyperLiquid hit $ 330B on the monthly trading volume with only 11 employees
Hype is one of Altcoin’s leading performers today, with only avalanche (Avax) doing better in the top 40 with 9.5% gain.
Binance Boss Tout Rival Aster
A few hours before Hype Peak, former Binance CEO Changpeng Zhao Posting a chart for Aster, the native token of a rival derivatives Dex.
The native token, which began trading on Wednesday, had climbed more than 350% at a full time of $ 0.50, According to In coinmarketcap.
“The CZ rarely shares charts. But he posts aster. Why? Because it’s a direct rival hyperliquid, and Hyperliquid continues to steal the Binance market sharing,” Commented Web3 founder hunters “Lannerius.”
In April, cointelegraph reported Volumes hyperliquid trading were cut into Binance’s part. However, DEX has a long way to go with a current -day -to -day volume of $ 790 million, compared to Binance’s $ 34 billion, according to Coingecko.
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