$Hype This should be the biggest positive factor for TradeFi. Its main trading activity isn't just crypto; TradeFi's trading volume itself accounts for a very large percentage, far exceeding other platforms. Currently, on Hyper Liquid, the largest trading volume besides Bitcoin is in stocks. People are trading the S&P 500. They're trading oil. People want to trade traditional assets on-chain. The biggest systemic risk posing a threat to Hyper Liquid is regulatory uncertainty. Regulators might say, "We support on-chain systems, but you must implement KYC." If you operate in the US and offer tokenized securities, you need full compliance. Therefore, the downside for Hyper Liquid is the regulatory wave. Currently ranked 3rd globally in protocol fees, ahead of major players like Aave and Lido. 24h: $2.11M 7d: $14.9M 30d: $69.16M