Hyperliquid’s trading volume over the past 24 hours was $436 million, about 3.3 times its usual daily average (ranked 8th among DEXs). For $HYPE , this figure can be viewed on two levels:
First, higher trading volume usually means fee revenue rises in tandem, so the protocol’s metrics may show some marginal improvement;
Second, whether fees translate into value for the token depends on Hyperliquid’s tokenomics—don’t equate them directly with the token price.
What’s your take at this point?
#HYPE
First, higher trading volume usually means fee revenue rises in tandem, so the protocol’s metrics may show some marginal improvement;
Second, whether fees translate into value for the token depends on Hyperliquid’s tokenomics—don’t equate them directly with the token price.
What’s your take at this point?
#HYPE