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/ja/53059.html
点击访问原文链接

With a total transaction volume of 1.5 trillion US dollars, Hyperliquid (HYPE) tops the throne of on-chain contracts. Is | Bee Network

进入原网站 导航首页
With a total transaction volume of 1.5 trillion US dollars, Hyperliquid (HYPE) tops the throne of on-chain contracts. Is | Bee Network Login トレンドニュース ミーム・ローンチパッド AIエージェント デサイ トップチェーンエクスプローラー 初心者向け 100x コイン ビーゲーム 重要なウェブサイト 必須のアプリ クリプトセレブリティ デピン ルーキーズ・エッセンシャル トラップディテクタ 基本的なツール 高度な Web サイト 交換 NFTツール こんにちは、 サインアウト Web3 ユニバース ゲーム ダップ ミツバチの巣 成長するプラットフォーム 広告 検索 英語 コインをリチャージする ログイン ダウンロード Web3 ユニ ゲーム ダップ ミツバチの巣 広告 ホーム-分析-With a total transaction volume of 1.5 trillion US dollars, Hyperliquid (HYPE) tops the throne of on-chain contracts. Is With a total transaction volume of 1.5 trillion US dollars, Hyperliquid (HYPE) tops the throne of on-chain contracts. Is分析8か月前更新ワイアット 28,2221 33 オリジナル | Odaily Planet Daily ( ＠OdailyChina )

著者: ウェンザー ( @ウェンサー 2010 )

During the period of market volatility, the on-chain contract market became increasingly hot, and the Hyperliquid platform trading volume and HYPE token market value both hit record highs: the cumulative trading volume exceeded 1.5 trillion US dollars, and the HYPE token price once exceeded 45 US dollars.

Behind the impressive results, it is inseparable from the long and short contract operations of whales and retail investors, as well as the increased trading holdings by investment institutions.

At the end of June, well-known investment institutions Galaxy and Manifold Trading deposited a total of 30 million US dollars of USDC into HyperLiquid and began to purchase HYPE tokens; previously, the US-listed company Lion Group Holding Ltd. (stock code: LGHL) also allocated 2 million US dollars to purchase HYPE tokens.

The discussion about institutional entry to layout HYPE is getting more and more intense, and some people even shouted the old slogan – HYPE is the next SOL – the last one that was highly anticipated was SUI, and this is the first time that HYPE has been elevated to such a level for discussion.

Odaily Planet Daily will briefly analyze this speculation in this article to explore the rising momentum and future potential behind HYPE.

HYPE鈥檚 upward dynamics: platforms, institutions and over-the-counter buying
Unlike the relative stability of SUI prices, the price of HYPE tokens has experienced a series of ups and downs.

In March this year, due to the problem of platform mechanism setting, Hyperliquid platform HLP once lost millions of dollars due to targeted explosion by large investors, and the platform was also in a deep trust crisis due to rollback data. (Odaily Planet Daily Note: For details, please refer to Why did the Hyperliquid whale self-explode to close its position? Who is bearing the millions of dollars in losses? , To make up for the loss of more than 200 million US dollars, Hyperliquids unplugging the network cable forced settlement caused controversy and other articles.) The price of HYPE was also affected, falling from around US$13 to around US$10. Many people even thought that Hyperliquid would lose the contract market under the siege of CEX such as Binance, OKX, and Bybit.

But as time entered April, Trump launched a tariff trade war and then released some favorable policies to ease the situation. The overall market and the contract market gave Hyperliquid a new round of development opportunities. HYPE also started its journey of bottom repair and even setting new highs. On May 23, the price of HYPE broke through US$33, surpassing the US$32.3 on December 22, 2024, setting a new historical high. Until June 16, the price of HYPE hit an all-time high of US$45.59 .

HYPE Price Performance

Looking closely at the driving force behind its rise, I personally believe that it is mainly driven by the following factors:

Rising power 1: platform development and repurchase In addition to Hyperliquid benefiting from the favorable development of the volatile market, the repurchase mechanism and pledge mechanism of the Hyperliquid platform have provided a strong impetus for the steady increase in the price of HYPE tokens.

によると data from the ASXN Data website , based on the on-chain data for the past 30 days ending June 30, 2025, the average daily repurchase amount of the Hyperliquid protocols HYPE tokens was $1.86 million. It can be said that this repurchase fund is the biggest driving force for the HYPE tokens, which have a total of 1 billion and a circulation of approximately 330 million.

HYPE token repurchase fund size

According to Hyperliquid community builders Charlie.hl and supermeow.hl, in their article titled How does Hyperliquid, valued at $25.9 billion, occupy both the infrastructure and application layers? , after applying the market value/quarterly repurchase amount multiple indicator of the traditional stock market payment industry, they made a very conservative estimate that the unit price of HYPE is expected to rise to $76.

In addition, the Builder Code program launched by Hyperliquid also provides functional support and user-level convenience for developers to collect fees through the platform, which is expected to attract more on-chain developers and institutions to access the Hyperliquid port and further promote the development of the platform ecosystem.

Rising power 2: Institutional layout Just like Multicoin Capital and other institutions invested in Solana early on and continued to buy SOL tokens, now some investment institutions have also set their sights on Hyperliquid, which is known as the on-chain contract market leader.

Previously, according to Onchain Lens 監視 , two investment institutions , @galaxyhq そして @ManifoldTrading, deposited a total of US$30 million in USDC into HyperLiquid and began to purchase HYPE tokens.

According to the information I found on the Arkham platform, the address 0x091144E651b334341eaBdBbbfed644aD0100023E is indeed the address associated with ManifoldTrading. Previously, the address received $10 million from ManifoldTrading from the address 0x1807cfb43abB681ae6a3e9568ec5dd77f210d78E on June 16. The situation of the suspected galaxy address 0xcaC19662Ec88d23Fa1c81aC0e8570B0cf2FF26b3 is similar.

On-chain information

At present, the galaxy-related address holds more than 540,000 HYPE, worth about 20.85 million US dollars, ranking 31st; the ManifoldTrading-related address holds about 202,000 HYPE, worth about 7.82 million US dollars, ranking 82nd. The two addresses have opened multiple orders in Hyperliquid and still hold short orders for BTC, S, FARTCOIN, ENS and other tokens, with profits and losses.

It can be seen that institutions not only bought HYPE for layout, but also got involved and opened positions on the Hyperliquid platform to make profits.

Galaxy address holding information

ManifoldTrading address holding information

Rising power 3: OTC US listed companies buying In addition to the above internal and external factors, just as Strategy hoards BTC to boost the price of BTC and its own stock price, some US-listed companies have also used the same strategy on HYPE.

On June 23, according to an official announcement , Eyenovia, Inc. (NASDAQ: EYEN) announced the completion of a $50 million private placement financing and the purchase of 1,040,584.5 HYPE tokens, becoming the first company listed on the Nasdaq in the United States to hold HYPE tokens. After the news was released, EYENs stock price rose 77% intraday and 181% in the past 5 days.

At the end of June, LGHL (Lion Group Holding Ltd.), a US-listed company, announced that it had completed its first strategic purchase of Hyperliquid (HYPE) tokens for $2 million, at an average price of approximately $37.30 per token. The acquisition was also the company鈥檚 first token purchase under its $600 million convertible bond financing.

Since then, HYPE has become one of the 暗号currencies with buying support from over-the-counter U.S.-listed companies, and to a certain extent even has the market position of old cryptocurrencies such as BTC, ETH, and SOL.

From the data dimension, how far is HYPE from SOL? On May 26, according to Coingecko data, the price of HYPE was temporarily reported at US$38.03, and its market value was temporarily reported at US$12.64 billion, surpassing SUI and ranking 13th in the total market value of cryptocurrencies (including USDT, stETH, WBTC, etc.).

On June 16, as the price reached its all-time high, HYPEs market value once exceeded $15 billion, reaching $15,017,966,172, a record high. As of the time of writing, HYPEs price is temporarily reported at around $39, with a circulating market value of approximately $13 billion and a FDV of approximately $39 billion.

In contrast, as of the time of writing, the SOL price is temporarily reported at $149, with a circulating supply of 534 million and a total supply of 600 million; its circulating market value is approximately $80 billion and its FDV is approximately $90 billion.

Although the ecological positioning of the two is not completely consistent, at a time when the Meme coin craze has subsided and on-chain contracts have become the mainstream sector of the crypto market, there are certain signs that SOL is declining and HYPE is rising.

If calculated based on the conservative estimated price of US$76 mentioned above, HYPEs market capitalization is expected to rise to around US$25 billion; its FDV will rise to around US$76 billion, which is approximately 84% of SOLs current FDV.

Conclusion: HYPEs next explosion point is ecological-level applications In summary, combined with the on-chain contract platform, HyperEVM ecology, Hyperliquid NFT and other assets and ecological development, Hyperliquid has great potential for future development. If a killer application like Pump.fun for Solana ecology can emerge, HYPE may also be able to compete with SOL.

This article is sourced from the internet: With a total transaction volume of 1.5 trillion US dollars, Hyperliquid (HYPE) tops the throne of on-chain contracts. Is it the next SOL?

Related: Metrics Ventures 市場 Watch: The Long Winter Night for Altcoins and the Momentum Vacuum for US Dollar Assets

Metrics Ventures’ June Market Observation 1. Following our views in May, the prices of Bitcoin and global risk assets rose further in May. Bitcoin once again set a new historical high. This time the new high was unknown, which had a lot to do with the markets wind bias and news trading fatigue, which also provided a basis for further increases in the future. 2. Bitcoin and global risk assets have simultaneously entered a momentum vacuum period with a lack of new trading events. They are no longer sensitive to event stimuli and the impact of macro events. The entire market has entered a state of waiting for the next narrative (expected to be a unified adjustment of the interest rate cut path). 3. The winter night of altcoins has…

#分析#暗号# マーケット# ミームコイン#トークン© 版权声明配列 上一篇 Circle, the first stablecoin stock, applies for a federal trust bank license with $60 billion in assets under self-custo 下一篇 10 million in 9 months! How did the post-95 trading king If I dont understand go from bankruptcy to A9 in the cryptocurr 相关文章 Bitcoin is on the rise, but the Bitcoin network has become a ghost town on the chain? 6086cf14eb90bc67ca4fc62b 28,079 24-Hour Hot Cryptocurrencies and News | SEC Chairman Atkins states that most ICOs are not securities and are not within the SEC’s regulatory scope; the Office of the Comptroller of the Currency confirms that banks are authorized to engage in risk-free principal-based cryptocurrency transactions (December 10). 6086cf14eb90bc67ca4fc62b 16,026 シェイン・コプランの旅: 暗号通貨に興味津々のティーンエイジャーから予測市場の先駆者へ 管理者 143,543 90 BTC エコシステム プロジェクトの進捗状況 (9.26): Blob コミュニティがオフライン アート展を開始 6086cf14eb90bc67ca4fc62b 35,615 2 Matrixport Research: Bitcoin Falls into Bear Market Territory, Could a Weakening Dollar Become the Next Pivot? 6086cf14eb90bc67ca4fc62b 8,185 6 The era of permanent quantitative easing by the Federal Reserve is approaching. Where are the opportunities for ordinary 6086cf14eb90bc67ca4fc62b 19,144 1件のコメント コメントを残すにはログインが必要です！ すぐにログイン #BeelieverKPN6HLL ゲスト ニース

6ヶ月前 最新記事 Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 15時間前 535 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 15時間前 631 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 15時間前 593 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 15時間前 504 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 15時間前 563 人気のウェブサイトTempoLighterGAIBグライダープランクレイリーズBCPoker（ビーシーポーカーヴーイ Bee.com 世界最大の Web3 ポータル パートナー コインカープ バイナンス コインマーケットキャップ CoinGecko コインライブ 鎧 Bee Network APP をダウンロードして、Web3 の旅を始めましょう 白書 役割 よくある質問 © 2021-2026.無断複写・転載を禁じます。. プライバシーポリシー | 利用規約 Bee Networkアプリをダウンロード そしてWeb3の旅を始めましょう 世界最大のWeb3ポータル パートナー CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白書 役割 よくある質問 © 2021-2026.無断複写・転載を禁じます。. プライバシーポリシー | 利用規約 検索 検索インサイトオンチェーン社交ニュース 热门推荐： エアドロップハンター データ分析 クリプトセレブリティ トラップディテクタ 日本語 English 繁體中文 简体中文 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 日本語

智能索引记录