{"id":289431,"date":"2024-04-25T13:07:26","date_gmt":"2024-04-25T07:37:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=289431"},"modified":"2024-04-25T13:07:26","modified_gmt":"2024-04-25T07:37:26","slug":"arbitrum-based-perpetuals-dex-hyperliquid-crosses-450-million-in-tvl-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/arbitrum-based-perpetuals-dex-hyperliquid-crosses-450-million-in-tvl-crypto-news\/","title":{"rendered":"Arbitrum-based Perpetuals DEX Hyperliquid Crosses $450 Million In TVL – Crypto News"},"content":{"rendered":"

<\/p>\n

The decentralized exchange has processed more than $150 billion of trades since launching last year. <\/p>\n

\n

Arbitrum-based decentralized exchange Hyperliquid<\/a> is quickly climbing the DEX rankings, with its total value locked (TVL) going vertical in the past week.<\/p>\n

Hyperliquid has $450 million in TVL, according to DefiLlama, which puts it in 8th place across DEXs, slightly behind GMX ($511 million) but ahead of Thorchain ($334 million), which has seen a boost after launching Bitcoin-backed collateralized loans<\/a> earlier this year.<\/p>\n

Hyperliquid TVL<\/figcaption><\/figure>\n

Activity soared after the tokenless DEX kicked off a points program late last year for its forthcoming airdrop. The recent spike has been driven by the launch of Hyperliquid\u2019s spot trading feature, which saw a memecoin, PURR, airdropped to users with existing points.<\/p>\n

Traders have been relentlessly buying and selling PURR since spot trading is being heavily incentivized with points. PURR spiked more than 70% on April 19, giving it a $96 million market cap.<\/p>\n

Hyperliquid points are changing hands for around $7 on Whales Market, an OTC platform that lets traders monetize points from various DeFi protocols.<\/p>\n

\"Hyperliquid
Hyperliquid Points OTC Price<\/figcaption><\/figure>\n

Developed with an emphasis on usability and functionality, Hyperliquid\u2019s DeFi platform provides the ease of use of a centralized exchange (CEX) with a seamless UX, one-click trading and near-instant transactions.<\/p>\n

According to its website<\/a>, the platform saw $1.8 billion in 24-hour volume from more than 136,000 users.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The decentralized exchange has processed more than $150 billion of trades since launching last year. Arbitrum-based decentralized exchange Hyperliquid is quickly climbing the DEX rankings, with its total value locked (TVL) going vertical in the past week. Hyperliquid has $450 million in TVL, according to DefiLlama, which puts it in 8th place across DEXs, slightly […]<\/p>\n","protected":false},"author":2,"featured_media":289432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-289431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=289431"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289431\/revisions"}],"predecessor-version":[{"id":289434,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289431\/revisions\/289434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/289432"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=289431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=289431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=289431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}