Hyperliquid (HYPE)

Hyperliquid (HYPE) is a decentralized perpetual exchange focused on trading cryptocurrency derivatives with high efficiency and low latency. The project aims to provide users with a seamless trading experience while ensuring liquidity and security. Currently, the coin holds a market cap rank of #9 with a total market capitalization of approximately $20.2 billion. The circulating supply stands at 999,993,930 tokens, nearly reaching the maximum supply of 1 billion.

Market Performance and Classification

• Price: $60.48
• 24h Volume: $1.04 billion
• 24h Change: -10.94%
• 7d Change: -8.18%
• All-Time High: $75.46
• Change from ATH: -20.04%

The asset is categorized under DeFi, Layer 1, Decentralized Exchange, and Derivative sectors. Recent data indicates a decline in value over the last 24 hours and seven days. The platform operates as a dedicated infrastructure for derivative trading, distinguishing itself within the broader cryptocurrency ecosystem through its specific focus on perpetual contracts and exchange functionality.