Grayscale Calls Hyperliquid a Breakout Success Story in Digital Assets
Summary
- 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 ranked around third or fourth among global perpetual futures platforms with $7 billion in open interest.
- Grayscale said the Hyperliquid token's annualized volatility is about twice that of Bitcoin and cited validator concentration and core software that has not been open-sourced as risk factors.
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Grayscale, the global asset manager, has issued a positive assessment of Hyperliquid, or 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, centered on perpetual futures trading. Open interest is about $7 billion, placing it around third or fourth among global crypto perpetual futures platforms.
Grayscale also highlighted risk factors. It said the Hyperliquid token's annualized volatility is about twice that of Bitcoin.
The report also cited Hyperliquid's relatively concentrated validator structure and noted that its core software has yet to be open-sourced.
