On-chain TVL watch:
Over the past 24 hours, DeFi TVL on Hyperliquid L1 rose by about $109 million, up 10.35% to $1.16 billion.
A lot of the competition between chains comes down to TVL, so seeing this figure rise is a good thing. But it’s worth distinguishing whether the increase came from deposits trickling in across the board, one or two whales moving large amounts over, or rising prices of on-chain assets. Whales can move large sums in quickly—and pull them out just as fast.
Those playing on $HYPE may want to keep an eye on how TVL trends over the next few days.
#HYPE
Just my personal take—take it for what it’s worth. This is not advice.
Over the past 24 hours, DeFi TVL on Hyperliquid L1 rose by about $109 million, up 10.35% to $1.16 billion.
A lot of the competition between chains comes down to TVL, so seeing this figure rise is a good thing. But it’s worth distinguishing whether the increase came from deposits trickling in across the board, one or two whales moving large amounts over, or rising prices of on-chain assets. Whales can move large sums in quickly—and pull them out just as fast.
Those playing on $HYPE may want to keep an eye on how TVL trends over the next few days.
#HYPE
Just my personal take—take it for what it’s worth. This is not advice.