🔍 $HYPE : THE FOUNDATION IS REAL.
$HYPE is trading around $77.60, down roughly 1.1% on the day.
But the bigger picture is worth watching: HYPE perpetuals carry around $1.73B in open interest on Hyperliquid, placing it third behind only $BTC and ETH.
That's a meaningful level of activity.
However, there's a bigger challenge ahead: can other apps do more than integrate with the ecosystem? Can they actually route value back to it?
Real usage matters. But sustainable value capture matters just as much.
That's the part I'm watching most closely.
#HYPE #Hyperliquid
$HYPE is trading around $77.60, down roughly 1.1% on the day.
But the bigger picture is worth watching: HYPE perpetuals carry around $1.73B in open interest on Hyperliquid, placing it third behind only $BTC and ETH.
That's a meaningful level of activity.
However, there's a bigger challenge ahead: can other apps do more than integrate with the ecosystem? Can they actually route value back to it?
Real usage matters. But sustainable value capture matters just as much.
That's the part I'm watching most closely.
#HYPE #Hyperliquid