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taishiro
taishiro
However, the market needs to separate what has been announced from what has been delivered. HIP 3 remains in the testnet phase, and regulatory approval for US operations is still outstanding. From a market perspective, the long-term opportunity is credible, but execution will determine whether it translates into lasting value for HYPE holders. I would prioritize confirmed adoption and regulatory progress over chasing short-term price momentum.
taishiro
taishiro
$HYPE is making a case for itself beyond the on chain derivatives market. Payward development is worth watching because HIP 3 could allow regulated institutions to operate independent markets using Hyperliquid’s infrastructure. If executed successfully, this could expand the protocol’s reach and bring a different class of participants into its ecosystem. There is also an existing revenue story behind the narrative, with trading fees supporting HYPE buybacks through the Assistance Fund.

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