The media threshing, the token of the decentralized perpetual exchange hyperliquid of the leader, is now the fifth largest digital asset by an open interest in the long term.
At the time of writing the editorial staff, the value in dollars of the number of active bets or open in the term contracts on media threshing (perpetual and standard) negotiated worldwide was 2.06 billion dollars, according to Data Source Corglass.
This placed the overhaul in front of Dogecoin
While the term contracts linked to the token even had an open interest of $ 1.83 billion. The XRP cryptocurrency focused on payments was maintained before media threshing with Bitcoin, Ether and Solana at the head of the pack.
The leadership of the Unde-Hype on Doge and many other cryptocurrencies with larger market values are probably the growing popularity of specially designed blockchain products.
The hyperliquid is a decentralized exchange which focuses squarely on the supply of a perpetual chain market and is built on its own layer of layer 1. Last week, Hyperliquid represented 60% of the total negotiation volume of onchain perpetuals of 94.3 billion dollars, according to data source @ uwusaNAUN, the tracker based on dune.
The media threshing token is used for economic incentives, costs of costs and decentralized governance, allowing holders to participate in the decision -making process. The protocol uses 97% of the negotiation costs collected from users to buy media threshing, thus constantly adding upward pressure to the market.
“92.78% of income from the protocol (hypercore) are the repurchase of media threshing on the free market – more than 1 billion dollars per year during buyouts,” said Hyperliquid Hub on X. “Large companies and funds actively add media to their wallets and high -level commercial merchants.
Media threw took place on a four -gold rally at a record price of $ 44 in three months. The rally occurred alongside an open -ended interest in full swing and a positive annualized financing rate, which reached more than 100% at a given time, signaling a high demand for Paris leverages.
