Bitcoin24h $83,600.47-1.21%

Ethereum24h $1,820.60-2.54%

XRP24h $2.04-2.96%

BNB24h $595.99-1.14%

Solana24h $118.76-5.14%

Dogecoin24h $0.1645-3.38%

Cardano24h $0.6525-2.94%

TRON24h $0.2336-1.19%

Toncoin24h $3.73-7.36%

UNUS SED LEO24h $9.42+0.32%

Hyperliquid has some growing to do before it can take on Binance

Marketers broadcasting metrics about Hyperliquid have used clever ways to manipulate the figures to make it seem like a Binance competitor.

Hyperliquid growth driven by leveraged degeneracy, trade sharing

Hyperliquid, a leveraged crypto exchange, has popularized copytrading and leaderboard-based trading contests to gain market share.

A bizarre and enthralling trade involving Binance and the JELLYJELLY memecoin could have liquidated Hyperliquid today.

Tether FUD, a trader on the Hyperliquid perpetual futures exchange trader, took on 40X leverage to bet that bitcoin’s price would crash.

Crypto influencers like Rektober and Sifu are actively losing users’ money via hedge fund-like HyperLiquid vaults.