Crypto trade Robinhood has listed Hyperliquid’s native token HYPE for its U.S. purchasers. This comes amid elevated competitors amongst perpetual decentralized exchanges (DEXs), with Hyperliquid reclaiming the highest spot, forward of CZ-backed Aster and Lighter.
Robinhood Lists Hyperliquid For Spot Buying and selling
Robinhood knowledge exhibits that the crypto trade has now listed HYPE for spot buying and selling. This comes because the trade continues to ramp up the variety of tokens out there for its U.S. purchasers.
As CoinGape reported, Robinhood listed Binance Coin yesterday. In the meantime, the trade additionally listed different cash, together with Hyperliquid competitor ASTER, XPL, and VIRTUAL, final week.
The HYPE worth has surged amid the Robinhood itemizing. TradingView knowledge exhibits that the token is up over 10% in the present day, breaking above the $40 psychological stage from an intraday low of round $35.
Notably, Hyperliquid’s native token has been one of many best-performing altcoins this yr with a year-to-date (YTD) acquire of over 66%. In the meantime, HYPE had rallied to an all-time excessive (ATH) of round $60 final month however pulled again amid the broader crypto market crash.
Along with the Robinhood itemizing, one other latest constructive for HYPE is the Hyperliquid Methods’ proposed $1 billion elevate. The corporate plans to make use of a few of this capital to build up extra HYPE tokens.
Reclaim Of The Quantity One Spot
The Robinhood HYPE itemizing comes as Hyperliquid reclaims the highest spot amongst Perpetual decentralized exchanges when it comes to buying and selling quantity. DeFiLlama knowledge exhibits that the DEX has recorded a buying and selling quantity of $11.515 billion within the final 24 hours, whereas there may be an open curiosity of $6.908 billion on the trade.
In the meantime, Lighter and Aster rank second and third with buying and selling volumes of $10.38 billion and $10.26 billion, respectively. They’re additionally behind Hyperliquid in open curiosity, with $1.5 billion $3.2 billion, respectively.
Nevertheless, it’s price mentioning that Aster has recorded extra buying and selling quantity within the final seven days than Hyperliquid and Lighter. The CZ-backed DEX has a 7-day buying and selling quantity of $91.5 billion, whereas Hyperliquid and Lighter have recorded 7-day buying and selling volumes of $64 billion and $60 billion, respectively.
Hyperliquid ranks fourth when it comes to charges made within the final 24 hours, behind Tether, Uniswap, and Circle. The DEX has $4.26 million in charges throughout this era and $24.61 million within the final seven days. That is important because the trade makes use of a few of the charges for HYPE buybacks.
