Yesterday, after entering the spot market, it didn’t grow for the neighbors—it fell by $HYPE . I’ll explain why.

The news about entering the spot market was announced in advance; the money for entry had already been invested during the announcement.

A drop after entering the spot market is a classic manifestation of a positive factor—don’t panic.

OI on Hyperliquid accounts for more than half of the entire perp DEX market; the perp volume over the past 30 days is $220 billion, and annual revenue is $700 million—fundamental indicators are still the best in the market, without exception.

At the same time, the protective barrier is indeed very high: among the ten participants, HIP-3’s leading company captured 97.8% of the volume. For the other participants, lifetime income is only around $70,000, and dividends are heavily concentrated.

The growth trend in this market is still ongoing; my goal is 102, that’s about it.
$HYPE