President Trump Says U.S. Regulators Are About to Give the Green Light to Hyperliquid. Is It Finally Time to Believe the Hype About HYPE?
This little token is gaining a lot more attention.
Overview
Hyperliquid (CRYPTO: HYPE), the native token of the Hyperliquid decentralized exchange (DEX), recently set a new record high after President Trump mentioned the token during a crypto-focused event at the White House. Trump said Mike Selig, the Chairman of the Commodities Futures Trading Commission (CFTC), was working on bringing HYPE into the U.S. market as a fully compliant cryptocurrency. Does that unexpected vote of confidence from the White House indicate it's finally time to believe the hype about Hyperliquid?
Image source: Getty Images.
Hyperliquid's Layer-1 (L1) blockchain and DEX combine the speed, liquidity, and user-friendly features of centralized exchanges -- such as Coinbase (NASDAQ: COIN) -- with the flexibility and decentralization of blockchain platforms like Ethereum (CRYPTO: ETH).
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Originally published at www.fool.com.