Hyperliquid Still Rules the Perps Market, but HYPE Bulls Face Trouble
By Jamie Redman
Hyperliquid’s HYPE token has retreated roughly 22% from its September record near $98, even as the decentralized trading platform commands approximately $7.7 billion in open interest. With a $17 billion market capitalization, billions in cumulative trading fees, and an aggressive token buyback program, Hyperliquid…
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Market capitalisation
The total value of a listed company, calculated as its share price multiplied by the number of shares.
It is the usual way to compare the size of public companies.
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