#hyperliquid

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➤ Hyperliquid's perpetual futures market share reached a record 6.63% in May, driven by the HIP-3 mechanism allowing third-party market creation. ➤ The platform's growth includes cryptocurrencies and synthetic assets like tokenized stocks and commodities, contributing to its native HYPE token reaching an all-time high. ➤ Hyperliquid's success has garnered attention from industry players like Grayscale Research and ICE, highlighting its breakthrough status in DeFi and the growing importance of on-chain futures.

➤ Hyperliquid's HIP-3 framework has enabled builder-deployed perpetual futures markets, achieving significant volume and market share against global exchanges, including Binance. ➤ These markets offer trading on a diverse range of assets, including tokenized equities, synthetic perps on private companies, and commodities, expanding beyond traditional crypto derivatives. ➤ Despite concentrated growth driven by a few deployers and a high staking requirement, Hyperliquid is poised for further expansion with upcoming features like outcome-based contracts.

➤ Lighter, a ZK-rollup DEX on Ethereum, has seen its native token $LIT surge over 20% following the launch of RWA perpetual futures for Dell and IBM stocks. ➤ Traders are viewing Lighter as a potential 'beta play' similar to Hyperliquid's success, attracted by its comparable architecture, RWA expansion, and zero-fee model for retail. ➤ The platform's ability to offer leveraged exposure to traditional equities on-chain, combined with its growing trading volume and token utility, is driving significant market interest.

➤ The SEC has approved Grayscale's Hyperliquid Staking ETF (HYPG), which passively invests in the HYPE token. ➤ This ETF offers investors exposure to Hyperliquid's protocol, including staking rewards and its high-performance Layer-1 blockchain features like zero gas fees and on-chain transparency. ➤ Analysts are optimistic about HYPE's potential to reach $100, driven by its resilience in a bearish market and its unique value proposition.

➤ Grayscale has launched the HYPG Hyperliquid Staking ETF on Nasdaq with a 0.29% fee, positioning it as a more cost-effective option compared to competitors. ➤ The ETF provides investors with exchange-traded exposure to Hyperliquid's native token, HYPE, which is a significant cryptocurrency in the derivatives market. ➤ This launch highlights the growing trend of institutional products offering access to crypto assets and the increasing traction of perpetual futures.

## Why Hyperliquid’s Surge Is Redrawing the Crypto Landscape Hyperliquid’s market price has overtaken Solana for the first time this quarter, marking a decisive shift in investor sentiment. While Hyperliquid’s market capitalization has risen to roughly $16 billion, Solana’s valuation has slipped to about $42 billion, its lowest level since early 2023. Reuters analysts attribute the divergence to heightened demand for Hyperliquid’s low‑latency trading infrastructure and concerns over Solana’s recent network performance issues. ### Key Takeaways - **Price crossover:** Hyperliquid’s token price exceeds Solana’s for the first time this quarter. - **Market‑cap contrast:** Hyperliquid stands at an estimated $16 billion, while Solana has fallen to $42 billion. - **Performance drivers:** Hyperliquid benefits from expanding use in high‑frequency trading, whereas Solana faces scrutiny over network reliability and developer activity. - **Analyst perspective:** Reuters notes the shift signals a broader reallocation of capital toward platforms offering superior scalability and execution speed. - **Historical context:** Solana’s current valuation mirrors its trough in early 2023, suggesting a prolonged correction phase. #Hyperliquid #Solana #CryptoMarket #DeFi #Blockchain #MarketCapShift #CryptoAnalysis #CryptoInvesting #DigitalAssets #newsababil360 [Read Full Article](https://news.ababil360.com/hyperliquid-price-eclipses-solana-as-sol-slides-to-2023-lows/)