Hype, the token of the main hyperlycides of decentralized perpetual exchange, is now the fifth largest digital asset for future interests.
At the time of writing this item, the dollar value of the number of active or open bets in tile futures (perpetual and standard) negotiated worldwide was $ 2.06 billion, according to the Coinglás of the data source.
That placed the hype in front of Dogecoin
since the futures linked to the meme token had an open interest of $ 1.83 billion. The XRP cryptocurrency centered on payments remained ahead of Hype with Bitcoin, Ether and Sol de Solana leading the package.
The leadership of the Hype futures market on DEGE and many other cryptocurrencies with higher market values probably represents the growing popularity of specially designed blockchain products.
Hyperliquid is a decentralized exchange that focuses directly on providing a chain perpetual futures market and is based on its own layer block chain 1. Last week, Hyperliquid represented 60% of the total volume of negotiation of Ochain perpetuals of $ 94.3 billion, according to the data source @Resther based on Dunas of Uwusanauwu Dunas.
The hype token is used for economic incentives, fees and decentralized governance, allowing holders to participate in the decision -making process. The protocol uses 97% of the commercial rates collected from users to buy Hype, therefore, constantly adding bullish pressure to the market.
“92.78% of the protocol income (Hypercore) are destined to buy an exaggeration in the open market: more than $ 1b annually in repurchases,” said Hyperliquid Hub over X. “The main companies and funds are actively adding Hype to their portfolios and market manufacturers of the best levels of the main traditional finances that are marketed in the hypercore hypercore clobs, creating the deepest liquidation in Cryptofidoming “.
Hype has been attributed to a four -gold rally at a record price of $ 44 in three months. The rally occurred along with an open interest in boom and positive annualized financing rates, which increased to more than 100% at one point, indicating a strong demand for bullish bids.
