According to a report by Blockworks Research, Hyperliquid has maintained significant momentum in the crypto space, averaging $6.4 billion in daily trading volume over the past three months. This figure slightly surpasses 50% of the daily trading volumes of larger platforms like Bybit and OKX. An analyst, Boccaccio, highlighted that Hyperliquid's user experience and rapid token listings have contributed to its growing popularity. The company operates primarily through two main products: HyperCore, its order book exchange, and HyperEVM, an EVM network. Currently, HyperCore is valued significantly higher at $11.2 billion compared to HyperEVM's $61 million, reflecting its status as the core business focus for now. However, Boccaccio suggested that HyperEVM could evolve into a more profitable venture in the future by integrating features such as token launchpads, SocialFI, and NFT marketplaces. The interest surrounding Hyperliquid illustrates a broader trend of hype in the crypto ecosystem that continues to attract attention.

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