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via Decrypt · By Decrypt Editorial
HYPE Surges 101% This Year: What’s Driving Hyperliquid’s Growth?
HYPE
HYPE/USDT
$93.57
+1.71%
$93.57
+1.71%
(24s)24h Volume
$1,117,422,712.23
24h H/L
$94.88 / $90.66
Change: $4.22 (4.65%)
Funding Rate
+0.0053%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(02:02 PM UTC)
1 min read
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 hold 10% of management fees in Hyperliquid on its…
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