Hyperliquid’s HYPE token has surpassed Aave (AAVE) in market capitalization, becoming the 55th largest cryptocurrency. HYPE trades at $9.51, up 7.5% today, with a total market value of nearly $3.17 billion. Aave, another leading DeFi project, trades at $210.60, up 0.4% over the same period, with a market cap of around $3.16 billion.
HYPE’s dramatic rise highlights the growing popularity and adoption of the Hyperliquid platform, a decentralized perpetual exchange running on its own high-speed Layer 1 blockchain. Hyperliquid handles over $6 billion in daily trading volume and supports …
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