Hyperliquid 的 TVL 下降反映出用戶參與度下降，HYPE 代幣可望進一步下跌

以去中心化衍生性商品交易所而聞名的 Layer-1 區塊鏈 Hyperliquid 注意到，自今年年初以來，其總鎖定價值 (TVL) 有所下降

Layer-1 blockchain Hyperliquid, which is known for its decentralized derivatives exchange, has seen a drop in its Total Value Locked (TVL) this year, despite a slight overall increase in decentralized finance (DeFi) TVL in the market since January 1.

以去中心化衍生品交易所而聞名的Layer-1 區塊鏈Hyperliquid，儘管自1 月1 日以來市場上的去中心化金融（DeFi）總鎖定價值（TVL）總體略有增加，但今年其總鎖定價值（TVL）卻有所下降。

This downturn in TVL has led to a decrease in demand for Hyperliquid’s native token, HYPE, with waning buying pressure setting the altcoin up for a further fall.

TVL 的下滑導致對 Hyperliquid 原生代幣 HYPE 的需求減少，購買壓力減弱，導致山寨幣進一步下跌。

Hyperliquid’s TVL Drops 20%

Hyperliquid 的 TVL 下降 20%

Hyperliquid’s TVL has fallen by 20% since the beginning of the year, according to data from DefiLlama. As of writing, it sits at $1.89 billion, its lowest level since January 1.

根據 DefiLlama 的數據，Hyperliquid 的 TVL 自今年年初以來已下降 20%。截至撰寫本文時，該數字為 18.9 億美元，為 1 月 1 日以來的最低水準。

This decline comes despite the general uptick in DeFi TVL in the broader market. According to the on-chain data provider, the crypto market’s DeFi TVL currently stands at $120 billion, indicating a 1% rise over the past seven days.

儘管大盤 DeFi TVL 普遍上升，但這種下降還是出現了。根據鏈上數據提供商的數據，加密貨幣市場的 DeFi TVL 目前為 1200 億美元，在過去 7 天內成長了 1%。

When a protocol’s TVL drops, it usually signifies lower user participation, which is reflected in the steady drop in Hyperliquid’s trading volume. According to DefiLlama, this has decreased by 19% over the past week.

當協議的 TVL 下降時，通常意味著用戶參與度降低，這反映在 Hyperliquid 交易量的穩定下降上。據 DefiLlama 稱，這一數字在過去一周下降了 19%。

The HYPE Token Reacts

HYPE 代幣的反應

A decline in a protocol’s TVL indicates lower capital invested or staked within the platform, which is reflected in the value of its native token. This is because a protocol’s native token is used to pay for gas fees, governance participation, and other activities on the platform.

協議 TVL 的下降表明平台內投資或質押的資本減少，這反映在其原生代幣的價值上。這是因為協議的原生代幣用於支付汽油費、治理參與和平台上的其他活動。

When a protocol’s TVL drops, it can lead to a decrease in the value of its native token. This is because a protocol's native token is used to pay for gas fees, governance participation, and other activities on the platform.

當協議的 TVL 下降時，可能會導致其原生代幣的價值下降。這是因為協議的原生代幣用於支付汽油費、治理參與和平台上的其他活動。

This is evident with HYPE, which has seen its value drop by 10% over the past seven days. Its Relative Strength Index (RSI), measured on a four-hour chart, supports this trend, currently indicating strong selling pressure at 35.72 RSI.

HYPE 的價值在過去 7 天內下跌了 10%，這一點很明顯。以四小時圖表衡量的相對強弱指數 (RSI) 支持這一趨勢，目前顯示強勁的拋售壓力為 35.72 RSI。

Furthermore, the HYPE token price continues to trade below the red line of its Super Trend indicator, which tracks the direction and strength of its trend. The indicator is displayed as a line on the price chart and changes color to signify the trend: green for an uptrend and red for a downtrend.

此外，HYPE 代幣價格繼續低於其超級趨勢指標的紅線，該指標追蹤其趨勢的方向和強度。此指標在價格圖表上顯示為一條線，並透過改變顏色來表示趨勢：綠色表示上升趨勢，紅色表示下降趨勢。

If an asset’s price is below the Super Trend line, it signals bearish momentum in the market and hints at a potential price drop.

如果資產價格低於超級趨勢線，則表示市場出現看跌勢頭，並暗示價格可能下跌。

HYPE Price Prediction: What To Expect?

HYPE 價格預測：會發生什麼事？

HYPE currently trades at $22.18. If selling pressure persists, the token’s price could plunge below $20 to exchange hands at $17.34.

HYPE 目前的交易價格為 22.18 美元。如果拋售壓力持續存在，代幣價格可能會跌破 20 美元，以 17.34 美元換手。

On the other hand, a positive shift in market sentiment could propel the HYPE token price to $31.04.

另一方面，市場情緒的正面轉變可能會將 HYPE 代幣價格推至 31.04 美元。