🔥The demand for $HYPE is enormous $HYPE is trading at a valuation (fdv) of nearly 50 billion USD, with a market cap of 13 billion USD. In which: - The fund using revenue to buy back $HYPE currently holds 30.5 million $HYPE, worth 1.5 billion USD. - Hyperliquid Strategies Inc (HSI): The treasury company backing $HYPE is supported by @paradigm, Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital, and 683 Capital. > They have established the company with 12.6 million $HYPE, worth over 600 million USD. And at least 305 million dollars in cash to continue the strategy of buying $HYPE (whether they have finished buying is unclear). - @a16zcrypto: Holds 1.428M HYPE (worth 70 million USD), accumulated from mid-August until now. - @hiFramework: The founder of this fund announced they will create a trading market on Hyperliquid (HIP-3), with the condition that they must stake 1 million $HYPE (worth nearly 50 million USD). Roughly calculated, there is already about 2.5 billion...
🔥Native stablecoin on @HyperliquidX - $USDH Currently, there are 5.7 billion USD in stablecoins (mainly $USDC) on the @HyperliquidX chain, making it one of the top 5 chains with the most stablecoins. It is estimated that with a 4% annual interest rate from U.S. bonds, Circle will earn 230 million USD from this amount. Therefore, the @HyperliquidX community has proposed a stablecoin, $USDH, to share this significant revenue with the community. However, $USDH is not developed by @HyperliquidX, but by a third party that is accepted to develop independently (generally unrelated to Hyperliquid). In terms of structure, groups will propose the model and detailed development plan for $USDH within the governance community. After that, validators will vote to select the group allowed to develop it. Finally, the chosen group will have to bid for gas to launch $USDH on the mainnet. (This is Hyperliquid's mechanism; issuing a token requires a bidding fee, at least 10k USD). Groups...
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