In a remarkable turn of events, Hyperliquid has outpaced Kraken in trading volume, marking a significant achievement for the platform. This surge in activity is largely credited to the recent HIP 3 upgrade, which has opened the doors to permissionless markets and drawn in a wave of high-risk traders. The material points to an encouraging trend: more traders are exploring innovative platforms for their trading needs.
HIP 3 Upgrade Revolutionizes Hyperliquid
The HIP 3 upgrade has been a game-changer for Hyperliquid, allowing users to create and participate in markets without the need for prior approval. This has not only increased trading opportunities but has also attracted a diverse range of traders looking for high-risk, high-reward scenarios.
Hyperliquid's Growing Popularity Among Investors
As a result of this growth, Hyperliquid is gaining traction as a leading option for investors in the current crypto landscape. Analysts are now recommending it as a top crypto to buy, highlighting its potential for further expansion and innovation in the rapidly evolving market.
Recently, Hyperliquid achieved a remarkable milestone by recording its highest daily revenue of $43 million, showcasing its growing influence in the DeFi space. For more details, see the full report here.
