Hyperliquid price

Looking at how $ASTER, $AVNT, $MYX ripped lately… it’s hard to deny that perp dex is the new meta you should keep an eye on. Data backs it, sentiment backs it, and imo this is where the real action of the cycle could shift for maybe few weeks or months. we will see... We have seen it, every cycle has that backbone: - 2017 it was ICOs - 2020-21 it was yield farming + dex spot trading - This time, feels like it’s perpetuals Why? Because perps are trading. it’s leverage, 24/7, no kyc, liquid enough for whales, degen enough for jeets. CEX's used to own this business.. but trust collapsed (FTX), regulators tightened, and infra on l1s/l2s got fast enough to make it work on chain. Money follows where traders can play freely. and the numbers don’t lie: - Sector-wide perp dex volume: $30–40B daily - hyperliquid alone: $13B+ 24h, $335B monthly, $14B OI - that’s literally CEX scale but happening fully on-chain Now, let’s talk coins: - $ASTER $1.2B Mcap with $1.4B daily vol. @cz_binance publicly supporting it.. even if it doesn’t catch hype’s $19B+ Mcap, 1/10th of that still makes it a multi-x. - $AVNT $300M Mcap, on base, pulled a multiple x in a week. base ecosystem is just warming up. feels like $1B is the obvious magnet if flows keep coming. - $MYX ran 8,000%+ from launch, crazy overextended. but degens love casinos, and these often get a second leg if the narrative sticks. And most importantly the reason this narrative makes sense to long is because its not just hype but it’s the pumpamentals. like: - $HYPE: 90–100% of protocol fees are used for buybacks. at $743M+ annualized revenue, that’s real cash flow forcing deflation. you’re not buying promises, you’re literally buying into a buyback engine.. - $JUP: 70% of perp fees flow back to jlp stakers.. sustainable yield. - $GMX: same with glp, 70% fees to lps, 30% to stakers, paid in eth/avax. mind you these are not inflationary ponzis.. these are tokens tied directly to real revenue, real users, real leverage demand. Now its also worth checking upcoming perp dex along with current new perp coins like @Lighter_xyz which you can farm now simply by normal leverage trading that you do.. - Already pushing ~$4B daily vol, still pre - token - Napkin math: $100B monthly vol → at 0.05% fee = $50M revenue/month - Slap Hype’s multiple (30 - 40x) and you’re looking at $15 - 20B FDV potential - If it lists anywhere near $3 - 4B FDV, that’s a massive gap to close. asymmetry i like... ( btw Lighter is still in a private beta phase and you will need a code to access it, DM if you need one. ) imo the takeaway is this: This narrative has legs because it’s tied to the core of speculation and unlike ponzi models, these tokens actually eat revenue.. Feels like we’re still early. the crowd hasn’t fully woken up to how much of CEX perp business is bleeding on chain..

It actually happened today. TOTAL3 hit a new ALL-TIME HIGH ever since 2021. This basically puts us in price discovery again with potential targets way above here. But make no mistake! The "slight" problem we still have today vs the past is that capital is both way more spread out but at the same time also a large sum very concentrated among certain niches. This is 100% a bull market. Just not all of crypto is and this confuses many people. If it wasn't a bull market we wouldn't have Bitcoin above $100k, Ethereum at all time highs and BNB, SUI, HYPE,... sitting at billions and beyond. The low cap market is a different breed and is sitting at bear market liquidity levels. However If the surge on TOTAL3 and OTHERS is strong enough, even the low cap market should feel it trickling down. As well as the "usual" final phase of the market (if this pattern would repeat itself). I highlighted for years to always have a portfolio with a good mix of low caps - large caps for years for this exact reason. But if you didn't, all eyes are on Quarter 4 starting now 👀