温馨提示:本站仅提供公开网络链接索引服务,不存储、不篡改任何第三方内容,所有内容版权归原作者所有
AI智能索引来源:http://www.bee.com/ar/56309.html
点击访问原文链接

With a price-to-sales ratio of only 12 times, is HYPE, which just hit a new high, still undervalued?Recommended Articles | Bee Network

With a price-to-sales ratio of only 12 times, is HYPE, which just hit a new high, still undervalued?Recommended Articles | Bee Network Login الأخبار الشائعة منصة إطلاق ميمي وكلاء الذكاء الاصطناعي ديسي مستكشف السلسلة الأعلى لنوبي 100x عملات معدنية لعبة النحل المواقع الأساسية يجب أن يكون لديك التطبيق مشاهير التشفير ديبين الناشئين الأساسية كاشف الفخ الأدوات الأساسية المواقع المتقدمة التبادلات أدوات NFT أهلاً، خروج عالم الويب 3 ألعاب تطبيق خلية نحل منصة النمو إعلان يبحث إنجليزي إعادة شحن العملات تسجيل الدخول تحميل ويب 3 يوني ألعاب تطبيق خلية نحل إعلان بيتتحليل•With a price-to-sales ratio of only 12 times, is HYPE, which just hit a new high, still undervalued?Recommended Articles With a price-to-sales ratio of only 12 times, is HYPE, which just hit a new high, still undervalued?Recommended Articlesتحليلمنذ 6 أشهرجديدوايت 21٬543 34 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 spot trading volume has continued to rise this year. This month, Hyperliquid’s spot trading volume accounts for 38% of Kraken’s, 16% of Coinbase’s, 15% of OKX’s, 14% of Bybit’s, and 2.4% of Binance’s. While all of these figures represent significant increases compared to the beginning of the year, they also indicate that Hyperliquid still has a long way to go to surpass some of the larger CEXs.

Hyperliquid’s perpetual swap trading volume has grown significantly faster than its centralized competitors. The chart below shows that Hyperliquid’s perpetual swap volume, compared to the three major CEXs, has grown more than sixfold over the past year. Hyperliquid’s monthly perpetual swap volume now accounts for almost 14% of Binance’s futures trading volume, compared to just 2.2% a year ago.

The growth in transaction volume is impressive. But how does revenue compare to other chains? Hyperliquid (HyperCore + HyperEVM) has generated approximately $28 million in weekly revenue for two consecutive weeks, reaching $98 million over the past 30 days. These figures equate to annualized revenue of between $1.2 billion and $1.4 billion. The chart below shows that Hyperliquid has consistently been the chain with the highest weekly revenue for the past two weeks, with market share reaching a record high of 36%.

The chart below shows that HYPE is the cheapest asset among mainstream public chains based on price-to-sales (P/S) ratio. Its P/S ratio of 12 is 90% lower than its peers. Even when calculated on a fully diluted valuation/sales (FDV/sales) basis, HYPE is the cheapest L1. While we debate whether L1s should command a premium or be valued based on revenue, the fact is that based on this metric alone, HYPE’s current price appears more attractive than all other L1s.

What happens if the so-called “L1 premium” disappears? What happens if buying pressure from DATCOs (referring to unknown entities or institutions) abates? Is HYPE undervalued, or are other L1s incredibly overvalued? We can’t know for sure, but these are تحديnitely questions worth pondering.

هذا المقال مصدره من الانترنت: With a price-to-sales ratio of only 12 times, is HYPE, which just hit a new high, still undervalued?Recommended Articles

Related: What happened behind Ethereums 70% surge in a single month? Ethereum is making history: We are witnessing one of the largest short squeezes in cryptocurrency history. Ethereum’s market cap has surged by $150 billion since July 1 — just days after net short positions hit an all-time high. What happened? This article explains it for you. Take a look at the chart below: According to Zerohedge data, Ethereums net leveraged short position reached a historical peak in July. In fact, the net short exposure is about 25% higher than the level in February 2025. This directly led to Ethereums 70% surge in less than a month. But the story is far from over. President Trump’s World Liberty Financial has been increasing its holdings of Ethereum. The latest trading records show that just 24 hours ago, the institution completed a $5…

تحليل ## ديفيتبادل ## السوق© 版权声明المصفوفة 上一篇 24-Hour Hot Coins and News | PetroChina May Explore Cross-Border Stablecoin Settlement; CRO On-Chain Transaction Volume 下一篇 When USDC encounters an interest rate cut cycle: The profit dilemma behind the $60 billion reserveRecommended Articles 相关文章 RWA Weekly Report | GENIUS Act triggers fierce bipartisan battle; Circle opens with a 186% increase and is halted twice 6086cf14eb90bc67ca4fc62b 26٬648 1 Don’t Just Focus on Yi Lihua, These Whales’ Moves During the Plunge Are More Worth Watching 6086cf14eb90bc67ca4fc62b 7٬185 The Fall of “Bitcoin Jesus”: A Digital Cage Created by 400,000 BTC 6086cf14eb90bc67ca4fc62b 28٬081 4 Odaily Interview with BNB Chain’s Nina Rong: Where Will the Next Billion Users Come From? 6086cf14eb90bc67ca4fc62b 13٬157 1 What is RWA’s main battleground? What is the underlying business logic of stock tokenization? 6086cf14eb90bc67ca4fc62b 18٬820 How to become a Meme coin trading expert? (GMGN Advanced Edition) 6086cf14eb90bc67ca4fc62b 57٬861 2 بدون تعليقات يجب عليك تسجيل الدخول لتترك تعليق! تسجيل الدخول على الفور بدون تعليقات... أحدث المقالات Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing منذ 19 ساعة 597 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock منذ 19 ساعة 677 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound منذ 19 ساعة 618 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ منذ 19 ساعة 535 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations منذ 19 ساعة 590 المواقع الشعبيةTempoLighterGAIBطائرة شراعيةبلانكرايلزبوكر BCPokerفوي Bee.com أكبر بوابة Web3 في العالم الشركاء كوين كارب بينانس CoinMarketCap كوين جيكو كوين لايف الدروع قم بتنزيل تطبيق Bee Network وابدأ رحلة web3 ورق ابيض الأدوار التعليمات © 2021-2026. جميع الحقوق محفوظة. سياسة الخصوصية | شروط الخدمة تحميل تطبيق Bee Network وابدأ رحلة web3 أكبر بوابة Web3 في العالم الشركاء CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors ورق ابيض الأدوار التعليمات © 2021-2026. جميع الحقوق محفوظة. سياسة الخصوصية | شروط الخدمة يبحث يبحثفي الموقععلى تشيناجتماعيأخبار العنوان: صيادو الإنزال الجوي تحليل البيانات مشاهير التشفير كاشف الفخ العربية English 繁體中文 简体中文 日本語 Tiếng Việt 한국어 Bahasa Indonesia हिन्दी اردو Русский العربية

智能索引记录