Hyperliquid Price Live Data

As of Dec 26, 2024, today’s global cryptocurrency market cap is ₹290.47T with a - 0.79% change in the last 24 hours. Today's price of Hyperliquid Token is ₹2,089.93, with a 24-hour trading volume of ₹29.78B. Besides, today’s market cap of Hyperliquid Token ₹698.28B, with a circulating supply of 333.92M, a fully diluted value is  ₹2.12T and a maximum supply of 999.99M Hyperliquid Token. It has an all-time high of ₹2,985.64 (-28.62%) recorded on Dec 21, 2024, and its all-time low was ₹272.85 (+681.08%), recorded on Nov 29, 2024. Easily buy and trade HYPE/INR tokens on SunCrypto, India's most secure and user-friendly cryptocurrency exchange, trusted by millions for their crypto trading needs! 

Hyperliquid Token (HYPE) is the native cryptocurrency of the Hyperliquid platform, a cutting-edge blockchain ecosystem designed to enhance the efficiency and performance of decentralized finance (DeFi) applications. The platform introduces a novel Layer 1 (L1) blockchain, meticulously engineered to optimize performance and scalability, primarily through its proprietary consensus mechanism, HyperBFT.

Who are the Founders of Hyperliquid Token?

Hyperliquid was developed by a team of professionals with impressive backgrounds, including alumni from prestigious institutions such as Harvard, Caltech, and MIT, as well as individuals with experience in notable tech and financial companies. The project is self-funded, emphasizing its independence and dedication to its vision without external capital influence.

What is the Price History of Hyperliquid Token?

1. All-Time High (December 21, 2024): HYPE reached its peak price of $35.02, reflecting significant investor interest and market momentum.

2. Current Price (December 26, 2024): HYPE is trading at approximately $25.00, with a 24-hour trading volume of $353.64 million. This represents a decline from its all-time high, indicating market volatility and the dynamic nature of cryptocurrency valuations.

What are the chief Applications of Hyperliquid Token?

1. Decentralized Perpetual Exchange Services: Hyperliquid facilitates perpetual futures trading directly on its native L1 blockchain, eliminating gas fees for transactions, which reduces costs and enhances efficiency for traders.

2. On-Chain Order Book: The platform features a fully on-chain order book, ensuring greater transparency and security, as all transactions are verifiable on the blockchain.

What are the major Use Cases of Hyperliquid Tokens?

1. Perpetual Futures Trading: Traders can engage in perpetual futures contracts without the burden of gas fees, making high-frequency trading more feasible and cost-effective.

2. Decentralized Finance (DeFi) Applications: Developers can build and deploy DeFi applications on the Hyperliquid blockchain, leveraging its high performance and scalability.

3. Transparent Trading Environment: The on-chain order book provides a transparent trading environment, reducing the risk of manipulation and enhancing trust among users.

What is the Blockchain Infrastructure for Hyperliquid Token?

Hyperliquid operates on its proprietary Layer 1 blockchain, utilizing the HyperBFT consensus mechanism. This infrastructure ensures rapid transaction finality and robust security measures, supporting the platform's decentralized exchange services and on-chain order book functionality.

What is the Tokenomics of Hyperliquid Token?

1. Total Supply: 1 billion HYPE tokens.

2. Circulating Supply: Approximately 333.93 million HYPE tokens, representing about 33.39% of the total supply.

3. Market Capitalization: Approximately $8.34 billion.

4. Distribution:

1. Community and Ecosystem Development: A significant portion is allocated to foster community engagement and support ecosystem growth.

2. Development Team: Tokens are reserved for the core team to incentivize ongoing development and innovation.

3. Liquidity Provision: A portion is designated to ensure liquidity across various exchanges.

What are the major Challenges for Hyperliquid Token?

1. Market Volatility: Like many cryptocurrencies, HYPE experiences significant price fluctuations, which can impact investor confidence and adoption.

2. Regulatory Scrutiny: Operating a decentralized exchange platform may attract regulatory attention, necessitating compliance with diverse legal frameworks.

3. Competition: The DeFi space is highly competitive, with numerous platforms offering similar services. Hyperliquid must continuously innovate to maintain and grow its user base.

And finally…

Hyperliquid Token (HYPE) represents an innovative approach to decentralized finance, offering a high-performance, cost-effective, and transparent platform for perpetual futures trading. Its unique combination of a custom Layer 1 blockchain, zero gas fees, and a fully on-chain order book positions it as a promising player in the blockchain ecosystem. However, it faces challenges common to the cryptocurrency space, including market volatility and regulatory scrutiny. As with any investment in the crypto space, individuals should conduct thorough research to understand the risks and potential of the platform.

To learn more about cryptocurrencies like Hyperliquid Token (HYPE), visit SunCrypto Coin Analysis.