Hyperliquid Jumps Nearly 50% in a Week, Overtakes Solana in FDV
JOON HYOUNG LEE
Summary
- Global decentralized exchange (DEX) Hyperliquid (HYPE) saw its fully diluted valuation (FDV) surpass Solana (SOL).
- Hyperliquid’s FDV stood at $56.33 billion, above Solana’s FDV of about $54.38 billion.
- Hyperliquid’s price has surged nearly 50%% over the past week on rising demand for decentralized exchanges, and was trading at $58.45, up about 20%% from a day earlier.
Forecast Trend Report by Period
Hyperliquid’s fully diluted valuation has surpassed that of Solana.
CoinMarketCap data on May 21 showed Hyperliquid’s fully diluted valuation at $56.33 billion. FDV refers to the maximum market capitalization a token would have if all tokens, including those not yet in circulation, were released.
That was above Solana’s FDV of about $54.38 billion.
Hyperliquid has been rallying as demand for decentralized exchanges rises. CoinMarketCap data showed HYPE trading at $58.45 as of 5:51 p.m. Korea Standard Time on May 21, up about 20% from a day earlier. The token has surged nearly 50% from a week ago.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
