Hyperliquid（$HYPE ）had a 24-hour trading volume of $394 million, about 1.6 times its usual daily average, ranking 6th among DEXs.
On-chain trading activity has suddenly picked up, potentially boosting the protocol’s fee revenue, and market interest is also rising. However, the surge in volume could also be driven by wash trading, a single hot token, or large arbitrage trades, so its sustainability remains to be seen. Which signal do you trust more?
On-chain trading activity has suddenly picked up, potentially boosting the protocol’s fee revenue, and market interest is also rising. However, the surge in volume could also be driven by wash trading, a single hot token, or large arbitrage trades, so its sustainability remains to be seen. Which signal do you trust more?
