$HYPE continues to lead the decentralized perpetuals sector with strong fundamentals and growing institutional interest!
@HyperliquidX recently submitted an updated S-1/A filing for a potential Grayscale ETF, underscoring accelerating timeline momentum. The platform generates hundreds of millions in annualized revenue, directing 97% of fees toward token buybacks, creating a robust deflationary mechanism that sets it apart from all the rest DeFi platforms!
Having risen from $20 to over $41 in recent months, $HYPE benefits from a highly engaged community and notable whale conviction!
