Hyperliquid breaks records, what’s behind the $11.5B surge?
Hyperliquid has reached a milestone with $11.5 billion in trading volume and $1.32 billion in liquidation volume. This surge is by a massive airdrop of 310 million HYPE tokens, increasing liquidity and interest. Despite the success, risks such as price instability and liquidity challenges remain. The platform’s unique Dutch auction system adds both excitement and…