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Kevin Helms

Grayscale Research: Hyperliquid May Scale Into a Major DeFi Trading Platform

Grayscale Research said in a May 27 report that Hyperliquid is an example of DeFi expanding into exchange-scale trading, centered on its perpetual futures venue, its custom layer 1, and the HYPE token. The report highlighted about $1.16 billion routed into HYPE buybacks and pointed to market attention around ETF debut interest, large-holder activity, and trading growth as factors shaping how the token is priced.