Is Hyperliquid Actually Worth the Hype?
There's a lot to like about this coin and its business model, but it's not a safe play whatsoever.
Overview
Hyperliquid (CRYPTO: HYPE) is a blockchain that operates as a decentralized exchange (DEX) for perpetual futures -- a type of financial derivative that tracks an asset's price without expiring. It captures around 80% of all decentralized perpetual contract trading volume, making it a leader in the rapidly growing segment.
Furthermore, the network has accepted no venture capital funding, and a recent upgrade opened the platform to trading pre-IPO names, including highly popular stocks that have since launched, such as Space Exploration Technologies (NASDAQ: SPCX). So, does Hyperliquid live up to the hype, and does it deserve a place in your portfolio?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.