超級流動，嘲笑巨人的山寨幣

在永久動蕩的加密海洋中，超流動性（旨在透明的區塊鏈）及其代幣炒作經歷了飆升的上升

Hyperliquid (HLQ) is making waves in the crypto industry with its impressive token performance and ecosystem development. Despite the recent struggles of Bitcoin (BTC) and Ether (ETH), HLQ has managed to defy the storm and enjoy a soaring ascent.

Hyproliquid（HLQ）以令人印象深刻的代幣性能和生態系統的開發在加密貨幣行業中引起了波浪。儘管比特幣（BTC）和Ether（ETH）最近進行了鬥爭，但HLQ還是設法抗衡了風暴並享受著飆升的攀登。

Key Points:

要點：

Hyperliquid's native token HYPE has experienced a skyrocketing rise of 176% since its launch in December 2024.

自2024年12月推出以來，Hyplliquid的原住民令牌炒作的飆升增長了176％。

While Bitcoin fell by 3% and Ether lost 32%, HYPE displayed an outrageous growth.

儘管比特幣下降了3％，而Ether損失了32％，但炒作表現出了極端的增長。

A massive buyback program, fueled by fees generated to the tune of 400 to 500 million dollars annually, is contributing to HYPE's resilience.

一項大規模回購計劃每年產生的費用達到400至5億美元，這是有助於炒作的彈性。

Some analysts predict that other altcoins might follow suit shortly, once the memecoin ecosystem has left a little oxygen for the rest of the market.

一些分析師預測，一旦Memecoin生態系統給其餘的市場留下了一點氧氣，其他Altcoins可能會很快效仿。

Hyperliquid is also partnering with Unit Protocol to enable direct deposits and withdrawals of BTC on its blockchain.

Hyperliquid還與單位協議合作，可以在其區塊鏈上直接存款和撤回BTC。

HLQ's Secret Weapon: A Massive Buyback Program

HLQ的秘密武器：大量回購計劃

Hyperliquid's altcoin is ridiculing the giants of the crypto industry. In a market where many tokens have been battered by the bear market of 2024, HYPE is standing out from the crowd. Since its launch in December, the token has experienced a skyrocketing rise of 176%.

Hyperliquid的Altcoin正在嘲笑加密貨幣行業的巨人。在一個受到2024年熊市襲擊的市場中，炒作在人群中脫穎而出。自12月推出以來，代幣的飆升增長了176％。

In stark contrast, Bitcoin is down by 3%, and Ether has lost 32%. This performance is all the more remarkable considering that HYPE is circulating at a price of 20x relative to its circulating supply, which is generating fees of 400 to 500 million dollars per year.

與之形成鮮明對比的是，比特幣降低了3％，以太幣損失了32％。考慮到炒作相對於其循環供應的循環，這一表現更為顯著，因為炒作的價格為20倍，這是每年產生400至5億美元的費用。

This massive buyback program is attracting attention and contributing to HYPE's resilience in a market that is otherwise struggling to find its footing.

這個大規模的回購計劃吸引了人們的關注，並在一個努力尋找其基礎的市場中促進了炒作的韌性。

Only a Handful of Tokens Are Beating the Market in 2025

只有少數幾個令牌在2025年擊敗市場

The crypto market is still searching for new kings, and the performance of altcoins is varying widely. According to Nicolai Sondergaard, an analyst at Nansen:

加密市場仍在尋找新的國王，而Altcoins的性能也很大。 Nansen的分析師Nicolai Sondergaard說：

“The altcoin season will eventually arrive, but it may not look like what we have seen before. The explosion of memecoins has monopolized investors' attention, making the trajectory of other altcoins more uncertain.”

“ Altcoin季節最終將到來，但看起來可能並不像我們以前見過的那樣。 Memecoins的爆炸激發了投資者的注意力，這使得其他Altcoins的軌跡更加不確定。”

Despite the challenges, some altcoins are managing to make their mark. Among them is Hyperliquid, whose HLQ token is showing impressive resilience. But, as Sondergaard points out, the market is changing rapidly, and it remains to be seen how other altcoins will fare once the memecoin frenzy subsides.

儘管面臨挑戰，但一些Altcoins仍在設法打印出來。其中有超流動性，其HLQ令牌表現出令人印象深刻的彈性。但是，正如Sondergaard指出的那樣，市場正在迅速發生變化，一旦Memecoin Frenzy消退，其他山寨幣將如何表現出來。

Hyperliquid Partners with Unit Protocol to Bring BTC to Its Blockchain

與單位協議的超液體合作夥伴將BTC帶到其區塊鏈

In addition to the strong performance of its token, Hyperliquid is also making waves in the world of decentralized finance (DeFi). Through a partnership with Unit Protocol, users will now be able to directly deposit and withdraw BTC on the Hyperliquid blockchain.

除了其令牌的強勁表現外，超流動性還在分散金融（DEFI）的世界中引起了波浪。通過與單位協議的合作夥伴關係，用戶現在將能夠將BTC直接存放在超流利區塊鏈上。

This integration marks a significant first in the crypto industry and could have major implications for on-chain trading. As Jeff.hl, a developer at Hyperliquid, puts it:

這種整合標誌著加密貨幣行業的重要性，可能對鏈交易產生重大影響。正如Hyproliquid的開發人員Jeff.hl所說：

“Launching Unit Protocol brings Hyperliquid closer to its ultimate ambition: to become the essential hub of tokenized finance. With record liquidity and refined UX, the platform aims to attract both beginners and seasoned traders.”

“啟動單位協議使超級流動性更接近其最終的野心：成為代幣化財務的基本樞紐。憑藉創紀錄的流動性和精緻的UX，該平台旨在吸引初學者和經驗豐富的商人。”

However, despite Hyperliquid's impressive gains and innovations, not everything seems to be rolling out on a red carpet. Recently, VanEck questioned whether the blockchain could avoid a catastrophe, considering the demanding and unpredictable nature of the crypto community. If promises are not fulfilled, the market could quickly turn on them. Hyperliquid has won a battle, but the war for decentralization is far from over.

然而，儘管超級流動性的收益和創新令人印象深刻，但並非一切似乎都在紅地毯上推出。最近，Vaneck質疑區塊鍊是否可以避免災難，考慮到加密社區的苛刻和不可預測的性質。如果承諾沒有實現，市場可能會迅速開啟它們。超級流動贏得了一場戰鬥，但是分散的戰爭還遠遠沒有結束。