Новый взгляд на Hyperliquid: аналитик подчеркивает её инвестиционную привлекательность и устойчивость на фоне сокращения доли рынка New Perspective on Hyperliquid: Analyst Highlights Its Investment Appeal and Resilience Amidst Market Share Decline

The share of Hyperliquid in the perpetual DEX sector has decreased from 45% to 8%. However, the platform remains «the most investment-attractive,» according to DeFi analyst Patrick Scott.

He noted that the platform’s key advantage is its stable business model. The current capitalization-to-revenue ratio of 12.6 «indicates a fair valuation in light of the project’s profitability,» the expert emphasized.

«Trading volume reflects operational activity, while open interest serves as a barometer of actual liquidity. Hyperliquid’s dominance with a 62% market share in this crucial indicator highlights its ability to maintain deep markets even in the face of fierce competition,» he added.

Scott also mentioned that a year after the HYPE airdrop, the decentralized exchange has not only managed to maintain its user base but also expand it. In his view, loyalty is the «result of product quality rather than incentive programs.»

The analyst linked Hyperliquid’s growth prospects to its active ecosystem development: «Hyperliquid is exhibiting resilience in an increasingly competitive environment, preserving key competitive advantages and evolving the ecosystem beyond its core business model,» Scott concluded.

The BounceBit team has unveiled a significant upgrade, transforming the project’s business model from a Bitcoin staking service to a comprehensive DeFi ecosystem featuring its own perpetual DEX.

A key component is the integration of a CeDeFi storage within a cross-chain hub. Users can deposit Bitcoin, Ethereum, Solana, BNB, and USDT, which the system automatically converts into liquid BB tokens (BBTC, BBETH, etc.) within the BounceBit network.

The project also announced a liquidity provider token for perpetual futures — BLP. The new perpetual DEX utilizes this asset pool as a counterparty for all participants.

BLP holders will be able to earn income from fees, trades of successful traders, and the overall pool’s value appreciation.

Finally, it’s noteworthy that in September, the trading volume on decentralized exchanges for perpetual futures surpassed $1 trillion for the first time in history. The top three included Aster, Hyperliquid, and Lighter.