• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Hyperliquid: How a Decentralized Exchange is Capturing the Stablecoin Market

user avatar

by Giorgi Kostiuk

2 days ago

The decentralized exchange Hyperliquid is confidently establishing its position in the stablecoin market, showing impressive growth.

Hyperliquid's Growth Forecast

According to analyst A. Hayes, Hyperliquid could capture a significant share of the global stablecoin market, which he predicts could reach $10 trillion by 2028. If Hyperliquid manages to secure 25% of this market, its annual revenue could grow from the current $1.2 billion to over $250 billion.

Comparison with Competitors

Hyperliquid is already showcasing its strengths by surpassing the BTC spot market trading volumes of companies like Coinbase and Bybit. This surge in activity highlights how quickly the platform is becoming a hub for trading digital assets.

HYPE Price Dynamics

Since its April lows, the HYPE token has gained 300%, trading near $45 and moving into the top 15 cryptocurrencies by market cap. Trading volume surged by 78% in just one day, indicating increased investor interest.

Hyperliquid continues to evolve amidst the rapidly changing stablecoin market, drawing increasing attention from investors to its HYPE token.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Decline in DEX Users on Solana: Analyzing the Situation

chest

The number of daily DEX traders on Solana dropped from 8 million to 1.1 million. Analysis of factors and community opinions.

user avatarGiorgi Kostiuk

Launch of WLFI Launchpad on MEXC: Details and Benefits

chest

MEXC announces the launch of WLFI Launchpad, offering unique participation conditions and exclusive benefits for new users.

user avatarGiorgi Kostiuk

Altcoins may replicate success of 2018–2021

chest

Altcoins are on the verge of a potential growth cycle: is a new supercycle underway? Analysts point to a double bottom and bullish MACD signal.

user avatarGiorgi Kostiuk

TOKEN2049 to Gather 25,000 Attendees in Singapore

chest

TOKEN2049 in Singapore is set to welcome 25,000 participants and 500 exhibitors at the largest cryptocurrency event.

user avatarGiorgi Kostiuk

Whale Traders Earned $47 Million Manipulating XPL Token

chest

Four whale addresses manipulated the price of XPL token on Hyperliquid, yielding $47 million in profits within minutes.

user avatarGiorgi Kostiuk

Bitwise Files for First U.S. ETF Tracking Chainlink Token

chest

Bitwise Asset Management files for an ETF tracking Chainlink, with Coinbase Custody as custodian. LINK price rises 4.2%.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.