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Defi Perp Protocol Hyperliquid Hits $21B in Daily Volume, Bolstered by TRUMP and MELANIA Listings

Defi Perp Protocol Hyperliquid Hits B in Daily Volume, Bolstered by TRUMP and MELANIA ListingsOn Jan. 20, 2025, Hyperliquid, a decentralized perpetual exchange powered by a custom-engineered, high-performance layer one (L1) blockchain, revealed it had reached a series of unprecedented milestones in trading volume. Within the past 24 hours alone, the platform reported facilitating an impressive $21 billion in volume. Hyperliquid Shatters Records: $21B in 24-Hour Trading Volume and […]

Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks

Trader Says One Large-Cap Altcoin To Skyrocket by at Least 116%, Updates Outlook XRP, Cardano and Dogecoin

Trader Says One Large-Cap Altcoin To Skyrocket by at Least 116%, Updates Outlook XRP, Cardano and Dogecoin

A widely followed analyst and trader is leaning bullish on a top-30 altcoin by market cap while outlining the path forward for three other crypto assets. The analyst pseudonymously known as Sherpa tells his 239,700 followers on the social media platform X that the utility token of the decentralized open financial system, Hyperliquid (HYPE), is […]

The post Trader Says One Large-Cap Altcoin To Skyrocket by at Least 116%, Updates Outlook XRP, Cardano and Dogecoin appeared first on The Daily Hodl.

Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks

Ethereum Rival Solana To Surge Much Higher in the Coming Weeks and Months, Says Trader – But There’s a Catch

Ethereum Rival Solana To Surge Much Higher in the Coming Weeks and Months, Says Trader – But There’s a Catch

A widely followed cryptocurrency trader is leaning bullish on a large-cap Ethereum (ETH) challenger, believing that the altcoin is still in an uptrend. The trader pseudonymously known as Altcoin Sherpa tells his 238,400 followers on the social media platform X that Solana (SOL) is primed to go “much higher” over the coming weeks and months. […]

The post Ethereum Rival Solana To Surge Much Higher in the Coming Weeks and Months, Says Trader – But There’s a Catch appeared first on The Daily Hodl.

Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks

Hyperliquid must draw developers or risk unraveling: VanEck

The layer-1 chain needs more than a successful perpetuals exchange to justify the HYPE token’s lofty valuation, according to the asset manager.

Layer-1 blockchain network Hyperliquid needs to bootstrap a robust developer community to sustain its native token’s roughly $25 billion market capitalization, asset manager VanEck said in a Jan. 6 research note. 

Hyperliquid has become one of the most valuable blockchains since launching its HYPE token in a November airdrop. However, Hyperliquid’s nascent smart contract platform has “yet to attract much of a developer community,” VanEck said.

“If Hyperliquid is unable to meet the growth expectations of its community, the prisoner’s dilemma facing many newly rich $HYPE holders may quickly unravel,” VanEck said.

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Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks

USDC market cap is up 80% from 2023 lows

The stablecoin is also more widely distributed across blockchain networks.

The circulating supply of Circle’s United States dollar-backed stablecoin USDC (USDC) has risen 80% from cyclical lows as onchain activity picks up, according to data from Blockworks Research. 

As of Jan. 2, USDC’s circulating supply is approaching $44 billion, nearly double the 2023 low of less than $24 billion, according to CoinGecko. 

Meanwhile, holdings are more evenly distributed among blockchain networks as users migrate beyond Ethereum, Blockworks’ data analytics manager, Dan Smith, said in a Jan. 2 post on the X platform. 

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Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks

Trader Warns Altcoin That’s Up 9,000%+ in Two Months Primed for a Pullback, Updates Outlook on Hyperliquid

Trader Warns Altcoin That’s Up 9,000%+ in Two Months Primed for a Pullback, Updates Outlook on Hyperliquid

Widely followed trader Altcoin Sherpa says that one artificial intelligence (AI)-focused crypto asset is about to present opportunities for bulls. Altcoin Sherpa tells his 236,000 followers on the social media platform X that ZEREBRO, which bills itself as an AI system that autonomously creates and distributes content onto various platforms, may allow entries in the […]

The post Trader Warns Altcoin That’s Up 9,000%+ in Two Months Primed for a Pullback, Updates Outlook on Hyperliquid appeared first on The Daily Hodl.

Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks

Hyperliquid Launches HYPE Staking to Amplify Network Decentralization

Hyperliquid Launches HYPE Staking to Amplify Network DecentralizationAccording to the Hyper Foundation, the organization associated with the Hyperliquid ecosystem, users can now stake HYPE on the network. The foundation detailed that users can stake HYPE to a trusted validator and earn staking rewards in HYPE. Hyperliquid’s HYPE Staking Debuts Amid Rapid Growth Over the last few weeks, Hyperliquid, the decentralized perpetuals exchange […]

Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks

Trader Doubles Down on Solana Memecoin, Says Crypto Markets About To Save Underwater Positions

Trader Doubles Down on Solana Memecoin, Says Crypto Markets About To Save Underwater Positions

A closely followed crypto trader says he’s looking to scoop up more of a Solana (SOL)-based memecoin amid the market correction. The pseudonymous analyst known as Altcoin Sherpa tells his 236,000 followers on the social media platform X that he’s got his eye on Fartcoin (FARTCOIN), a memecoin that was created by an anonymous developer […]

The post Trader Doubles Down on Solana Memecoin, Says Crypto Markets About To Save Underwater Positions appeared first on The Daily Hodl.

Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks

Hyperliquid rolls out native staking on mainnet

According to data from ASXN, $344 million in HYPE tokens have been staked, representing a total value of over $9 billion as of Dec. 30.

Decentralized finance (DeFi) protocol Hyperliquid has launched native staking on its mainnet, allowing holders to receive rewards for securing the network. 

According to a Dec. 30 announcement, users can pick validators to stake tokens based on different metrics, such as uptime, commission, reputation, and community contributions. The featured debuted with 16 validators.

The Hyperliquid protocol offers decentralized trading for crypto assets. According to DefiLlama, it has amassed over $12 billion in trading volume in December, generating more than $8.6 million in cumulative revenue. 

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Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks

Top Trader Says Altcoin That’s Exploded Over 600% in Under a Month Primed To Experience a ‘Long Slow Bleed’ Down

Top Trader Says Altcoin That’s Exploded Over 600% in Under a Month Primed To Experience a ‘Long Slow Bleed’ Down

A widely followed crypto analyst is issuing a warning about one red-hot utility altcoin, saying it could be in for a slow bleed to the downside. Pseudonymous crypto trader Bluntz tells his 305,200 followers on social media platform X that HYPE, the native altcoin of decentralized perpetual trading platform and layer-1 blockchain Hyperliquid, may be […]

The post Top Trader Says Altcoin That’s Exploded Over 600% in Under a Month Primed To Experience a ‘Long Slow Bleed’ Down appeared first on The Daily Hodl.

Analyst Says Altcoins Close to Entering ‘Hype Cycle’ Stage That May Trigger Rallies Over Coming Weeks