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Original translation: AididiaoJP, Foresight News Hyperliquid’s fundamentals continue to improve, but its valuation remains undervalued compared to other L1 stocks. Hyperliquid’s spot trading volume has seen significant growth, especially compared to centralized exchanges. Over the weekend, an unknown entity deposited and sold approximately 22,100 BTC with Hyperliquid, purchasing approximately 555,000 ETH, valued at over $2.4 billion. This surge in spot trading volume made Hyperliquid the second-highest exchange for BTC spot trading volume on August 24th, with a 12% market share, second only to Binance (38%). This represents a significant increase compared to Hyperliquid’s average daily market share of approximately 1% over the previous 30 days. We can compare Hyperliquid’s monthly spot trading volume with that of several CEXs (including all assets, not just BTC). We observe that Hyperliquid’s share of…# Analysis# Airdrop# crypto# defi# ethereum# Exchange# Market# Sandbox# Token# Tool# web3Pre
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