Why Hyperliquid’s Deflationary Model Could Outpace Solana and Ethereum

Hyperliquid now controls 17% of global perpetual futures interest. HYPE token has surged 4x since April, momentum building fast. Buybacks outpace emissions, creating a deflationary trend for HYPE. In the cryptocurrency ecosystem, Hyperliquid (HYPE) has been gaining attention recently with its record-breaking growth and rising market influence. Sharing his opinion over the token, Ryan Watkins , co-founder of Syncracy Capital, shared in his podcast that Hyperliquid is quickly positioning itself as a real competitor to giants like Ethereum and Solana. A Quiet Rise to the Top Earlier this month, Hyperliquid hit record highs in nearly every category, which includes, trading volume, user growth, revenue, deposits, and open interest in its perpetual swaps market. Moreover, it gained more market share from centralized exchanges than ever before. Watkins also stated his surprise on how the rise of Hyperliquid is not just challenging for other blockchains but also for centralized exchanges like Binance, OKX, and Bybit. Hyperliquid Metrics Lately. — ATH Open Interest — ATH Volume — ATH Revenue — ATH Deposits — ATH Users — ATH Market Share vs CEXs All befor… The post Why Hyperliquid’s Deflationary Model Could Outpace Solana and Ethereum appeared first on Coin Edition .

Source: Coin Edition