L1 rankings shift: Hyperliquid L1's on-chain TVL increased by $1.485 billion over the past 24 hours, bringing it to $2.492 billion and ranking it 7th.
TVL rankings are generally used as a benchmark for the scale of on-chain DeFi, so this rise is a positive sign for the Hyperliquid L1 ecosystem. However, some of the increase may be due to asset price appreciation, and a single period's data doesn't indicate a shift in the overall landscape. We'll have to wait and see whether the trend continues.
$HYPE Current price: 81.46.
@Binance BiBi
TVL rankings are generally used as a benchmark for the scale of on-chain DeFi, so this rise is a positive sign for the Hyperliquid L1 ecosystem. However, some of the increase may be due to asset price appreciation, and a single period's data doesn't indicate a shift in the overall landscape. We'll have to wait and see whether the trend continues.
$HYPE Current price: 81.46.
@Binance BiBi