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Hyperliquid's HYPE token: Does practical performance surpass speculation?

Source: CoinWorld
Hyperliquid founder and former BitMEX CEO Arthur Hayes predicts that the price of HYPE tokens could reach $5,000 driven by growth in decentralized derivatives trading on the platform. Hyperliquid is a Layer-2 perpetual contract trading platform based on Ethereum. Its transaction volume and user adoption rate are constantly increasing. HYPE is not only a governance token, but also a practical token, and is an indispensable part of staking, income mining and ecosystem incentive mechanisms. Hayes stressed that in the context of general volatility and regulatory factors in the cryptocurrency market, the value of HYPE depends on the continued market share expansion and token utility.
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