The decentralized perpetual futures exchange, built on its own high-performance Layer 1 blockchain — HyperEVM — has reached record dominance in perp DEX volume, accounting for 70.1% of the market.
HYPE Market Metrics:
• Market Cap: $12.3B
• FDV: $36.8B
• 24h Volume: $526M
Interestingly, most of the largest open positions are longs on $HYPE:
- 0xe4...858c7 holds a long position with an entry price of $12.93, unrealized profit $13.4M
- 0x04...129f long opened at $17.90 with $8.9M in unrealized profit
- 0xa7...d14 long at $18.70 is currently showing $6.3M in unrealized gains
Track on-chain activity on HyperEVM & get real-time updates:
>>Click here to continue<<
