Solid move up from the $HYPE lows. In hindsight, ~$20 aligned with the 10/10 lows. I entered around $30 after the downtrend broke.
Despite heavy competition from other dexes, HL remains #1 in perp volume and fees, with the majority of fees used for buybacks. HIP-3 OI and daily volume also reached new ATHs this week. Commodities are a massive market and look like a meaningful growth lever for HL.
Hyperliquid
@HyperliquidX
01-26
HIP-3 open interest reached an all-time high of $790M, driven recently by a surge in commodities trading.
HIP-3 OI has been hitting new ATHs each week. A month ago, HIP-3 OI was $260M.
$HYPE 🔥
hyperliquid.
In the future, if you need to use AI, just tell the robot to do it.
Hype is finally here.
hype！
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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