HYPE’s share is rising, but CEX volume hasn’t fallen
Dragonfly managing partner Haseeb said on a Space that Hyperliquid’s user base has limited overlap with centralized platforms. Users who can’t pass KYC or can’t access mainstream platforms in their region use it as their primary trading venue. As its share has grown, trading volume on platforms like Binance hasn’t fallen in tandem—both sides are expanding.
He’s bullish on the market over the next 6 to 12 months, and I agree. I’ll keep an eye on HYPE futures open interest and ecosystem developments.
For those holding HYPE, what’s your cost basis? Reply 1 if you’re bullish, 2 if you’re bearish.
$HYPE $BNB $BTC
#Hyperliquid #DeFi
Dragonfly managing partner Haseeb said on a Space that Hyperliquid’s user base has limited overlap with centralized platforms. Users who can’t pass KYC or can’t access mainstream platforms in their region use it as their primary trading venue. As its share has grown, trading volume on platforms like Binance hasn’t fallen in tandem—both sides are expanding.
He’s bullish on the market over the next 6 to 12 months, and I agree. I’ll keep an eye on HYPE futures open interest and ecosystem developments.
For those holding HYPE, what’s your cost basis? Reply 1 if you’re bullish, 2 if you’re bearish.
$HYPE $BNB $BTC
#Hyperliquid #DeFi