A friend asked me: “The value locked on Hyperliquid L1 has increased by $109 million in 24 hours. What does that mean?”
My take: Maybe more people have been using DeFi on Hyperliquid L1 lately, or maybe the value of on-chain assets has simply gone up, pushing the amount locked higher. You can’t tell the difference just by looking at the TVL. Whether $HYPE will move along with it is another question.
Cast your vote in the comments: bullish or bearish?
Crypto is risky—be cautious before investing.
My take: Maybe more people have been using DeFi on Hyperliquid L1 lately, or maybe the value of on-chain assets has simply gone up, pushing the amount locked higher. You can’t tell the difference just by looking at the TVL. Whether $HYPE will move along with it is another question.
Cast your vote in the comments: bullish or bearish?
Crypto is risky—be cautious before investing.