Hyperliquid's market share soars to 33%—Can HYPE reach $36?
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According to CoinWorld, Hyperliquid's market share rebounded from 18% in December last year to over 33% by the end of January this year, mainly due to a surge in perpetual contract trading of stocks and commodities. Non-crypto assets such as gold and silver currently account for 30% of its trading volume, and one trader pointed out that their trading volume may soon surpass that of digital assets. This growth has increased Hyperliquid's weekly revenue from $11 million to $15.5 million, which is closely related to the 70% price increase of its native token HYPE.
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