With a total trading volume of $1.5 trillion topping the on-chain contract throne, Hyperliquid (HYPE) is the next SOL?

Original|Odaily (@OdailyChina).

Author Wenser (@wenser 2010).

During the period of market turmoil, the on-chain contract market became more and more popular, and the trading volume of the Hyperliquid platform and the market value of HYPE tokens both reached record highs: the cumulative trading volume exceeded $1.5 trillion, and the price of HYPE tokens once exceeded $45.

Behind the brilliant results, it is inseparable from the long and short contract operations of giant whales and retail investors, as well as the trading holdings of investment institutions.

At the end of June, well-known investment institutions Galaxy and ManifoldTrading deposited a total of $30 million in USDC into HyperLiquid and started buying HYPE tokens; Previously, U.S.-listed Lion Group Holding Ltd. (ticker: LGHL) also allocated $2...

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