The native token for the exchange of decentralized cryptographic derivatives has reached a new price level of peak on Thursday while altcoins surpassed the rate of rate of the Fed.
Hyperliquid (Hype) reached a summit of $ 59.29 at the start of early negotiation Thursday after a daily gain of around 8%.
The assets, which has a market capitalization of just under 16 billion dollars, jumped almost 40% over the past month, massively surpassing the three main cryptocurrencies by market capitalization: Bitcoin (BTC), Ether (ETH) and XRP (XRP).
Hyperliquid is a decentralized exchange for perpetual term contracts, derivative contracts without expiration date, allowing speculators to take leverage positions on cryptographic assets without possessing them.
The founder of Bitmex, Arthur Hayes, was one of the first to comment on the milestone on Thursday, calling him a “media threshing of all time”.
In August, Hayes said that the token had a potential 126 times upwards, adding that the expansion of the stable reserve would pay DEX annualized costs to $ 258 billion, compared to its current annualized income of $ 1.2 billion.
Traders collect media threw
Nansen has highlighted a merchant who has a long and lever -effect position on media threshing with a position value of $ 30 million.
The analysis platform has indicated that the trader currently has an unrealized profit of $ 1.39 million and still increases in the position. They started to desire about three hours ago and added around 123 media threshing to their position every 30 seconds.
In relation: How the hyperliquid reached $ 330 billion in monthly trading volume with only 11 employees
Médiatique is one of the best interpreters in today’s Altcoin, with only Avalanche (Avx) doing better in the top 40 with a gain of 9.5%.
Binance Boss boasts rival aster
A few hours before the hype Peak, the former CEO of Binance, Changpeng Zhao, displayed a graphic for Aster, the native token of a derivative dex.
ASTER, which was launched as an ASTER channel in July, is a new exchange of cryptographic derivatives supported by the YZI laboratories affiliated to CZ, formerly Binance Labs and the first DEX Pancakeswap of the BNB chain, as a direct competitor of hyperliquid.
The native token, which began to negotiate on Wednesday, has already increased by more than 350% to a summit of $ 0.50, according to CoinmarketCap.
“CZ rarely shares graphics. But he posted Aster. Why? Because it is a direct hyperliquid rival, and hyperliquid continues to steal the market share of Binance”, commented the fighters of the founder of web3 “LaGerius”.
In April, Cointelegraph said that hyperliquid trading volumes reduced Binance’s share. However, the DEX has a long way to go with a current daily volume of $ 790 million, compared to $ 34 billion in Binance, according to Coingecko.
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