Hyperliquid 的 HYPE 代币自推出以来飙升超过 273%，在交易量和 TVL 方面领先市场

由 Hyperliquid 开发的 HYPE 代币自 11 月 29 日推出以来，价值飙升了 273% 以上。目前，该代币的价格为 12.03 美元，在过去 24 小时内上涨了 37%。

The HYPE token, launched by Hyperliquid on November 29, has seen a remarkable surge of over 273% since its debut. As of March 13, the token trades at $12.03 following a 37% increase over the last 24 hours. This surge has propelled the fully diluted valuation of the project to over $12 billion.

Hyperliquid 于 11 月 29 日推出的 HYPE 代币自推出以来已飙升超过 273%。截至 3 月 13 日，该代币交易价格为 12.03 美元，在过去 24 小时内上涨了 37%。这一飙升使该项目的完全摊薄后估值超过 120 亿美元。

Currently, there are 333 million HYPE tokens in circulation out of a total supply of 1 billion, driving the market capitalization to approximately $4 billion. The token’s stellar performance can be attributed to both strong investor interest and a broader market shift toward decentralized platforms. Over the past 24 hours, the token has clocked a trading volume of over $298 million, highlighting its high liquidity and demand.

目前，HYPE 代币总供应量为 10 亿，其中有 3.33 亿在流通，市值达到约 40 亿美元。该代币的出色表现可归因于投资者的强烈兴趣和更广泛的市场向去中心化平台的转变。在过去 24 小时内，该代币的交易量超过 2.98 亿美元，凸显了其高流动性和需求。

This momentum has also seen Hyperliquid emerge as the market leader in terms of trading volume and total value locked (TVL), establishing itself as a key platform within the ecosystem of decentralized perpetual exchanges, according to DeFiLlama.

DeFiLlama 表示，这种势头也使 Hyperliquid 在交易量和锁定总价值（TVL）方面成为市场领导者，将自己打造成去中心化永续交易所生态系统中的关键平台。

The successful launch of the HYPE token also underscores a growing preference among developers to hold token generation events on decentralized exchanges (DEXs) rather than centralized platforms (CEXs). Anmol Singh, co-founder of Zeta Markets, highlighted this shift, stating that it aligns with a demand for greater transparency and user-centricity, qualities inherent to DEXs. Singh predicts that by 2025, most token launches will take place on these platforms.

HYPE 代币的成功推出也凸显了开发商越来越倾向于在去中心化交易所（DEX）而不是中心化平台（CEX）上举办代币生成活动。 Zeta Markets 联合创始人 Anmol Singh 强调了这一转变，并表示它符合对更高透明度和以用户为中心的需求，这些都是 DEX 固有的品质。 Singh 预测，到 2025 年，大多数代币发行将在这些平台上进行。

HYPE Token Functions:

HYPE 代币功能：

Within the Hyperliquid ecosystem, the HYPE token serves several crucial functions. The token can be used for staking in the HyperBFT consensus mechanism, an optimized proof-of-stake (PoS) system that underpins the security and decentralization of the network. Furthermore, HYPE is the native gas token in the execution environment, used to pay for transaction fees within the ecosystem.

在 Hyperliquid 生态系统中，HYPE 代币具有多项关键功能。该代币可用于 HyperBFT 共识机制中的质押，这是一种优化的权益证明 (PoS) 系统，支撑网络的安全性和去中心化。此外，HYPE是执行环境中的原生gas代币，用于支付生态系统内的交易费用。