HYPERLIQUID SENDS ETH FLYING PAST BTC - @HyperliquidX , the on-chain perpetuals protocol on its custom Layer 1, has crossed a monumental $500 billion in cumulative trading volume. With a 15x year-to-date rise, the platform dominates, claiming over 45% of on-chain perpetual market activity in the last 24 hours. - This week, ether $ETH took center stage on HyperLiquid, surpassing bitcoin (BTC) in trading volume. ETH perpetuals hit $7B in cumulative trades—an 18% lead over BTC's $5.94B. ETH also leads in open interest with $857.5M active, nearly 25% of the platform's $3.49B total. - ETH's surge signals sticky capital driving renewed confidence in the second-largest cryptocurrency, now trading at $3,900 (+70% YTD). HyperLiquid’s tailored design and no-KYC approach blend institutional-grade performance with DeFi accessibility, fueling this activity. - The protocol's HYPE token is also making waves, soaring 300% in two weeks to a $5.69B market cap, surpassing heavyweights like Aave, Raydium, and Jupiter. Robust demand after a record $1.9B airdrop indicates strong market confidence. - HYPE isn’t just a governance token—it powers HyperLiquid's HyperBFT consensus and acts as a gas token, cementing its role in the ecosystem. With momentum building across $ETH, $BTC, and $HYPE, HyperLiquid is redefining the on-chain trading landscape.
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