- Grayscale said Hyperliquid is a breakout success story in the modern digital-asset industry and a fast-growing DeFi trading platform.
- The report said Hyperliquid handled about $2.9 trillion in trading volume this year and, with $7 billion in open interest, ranks around third or fourth among global perpetual futures platforms.
- Grayscale said Hyperliquid token volatility is about twice that of Bitcoin and cited validator concentration and core software that has not been open-sourced as risk factors.
Forecast Trend Report by Period
Grayscale has issued a bullish assessment of Hyperliquid (HYPE).
Wu Blockchain reported on May 27 that Grayscale said in a recent report that Hyperliquid is a “breakout success story” in the modern digital-asset industry and one of the fastest-growing decentralized finance, or DeFi, trading platforms.
According to the report, Hyperliquid has processed about $2.9 trillion in trading volume this year, driven by perpetual futures trading. Open interest stands at about $7 billion, placing it around third or fourth among global crypto perpetual futures platforms.
Grayscale also flagged risks. The report said annualized volatility in the Hyperliquid token is about twice that of Bitcoin.
It also cited Hyperliquid’s relatively concentrated validator structure and said its core software has not yet been open-sourced.