超级流动，嘲笑巨人的山寨币

在永久动荡的加密海洋中，超流动性（旨在透明的区块链）及其代币炒作经历了飙升的上升

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币性能和生态系统的开发在加密货币行业中引起了波浪。尽管比特币（BTC）和Ether（ETH）最近进行了斗争，但HLQ还是设法抗衡了风暴并享受着飙升的攀登。

Key Points:

要点：

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

自2024年12月推出以来，Hyplliquid的原住民令牌炒作的飙升增长了176％。

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

尽管比特币下降了3％，而Ether损失了32％，但炒作表现出了极端的增长。

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

一项大规模回购计划每年产生的费用达到400至5亿美元，这是有助于炒作的弹性。

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.

一些分析师预测，一旦Memecoin生态系统给其余的市场留下了一点氧气，其他Altcoins可能会很快效仿。

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

Hyperliquid还与单位协议合作，可以在其区块链上直接存款和撤回BTC。

HLQ's Secret Weapon: A Massive Buyback Program

HLQ的秘密武器：大量回购计划

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正在嘲笑加密货币行业的巨人。在一个受到2024年熊市袭击的市场中，炒作在人群中脱颖而出。自12月推出以来，代币的飙升增长了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.

与之形成鲜明对比的是，比特币降低了3％，以太币损失了32％。考虑到炒作相对于其循环供应的循环，这一表现更为显着，因为炒作的价格为20倍，这是每年产生400至5亿美元的费用。

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

这个大规模的回购计划吸引了人们的关注，并在一个努力寻找其基础的市场中促进了炒作的韧性。

Only a Handful of Tokens Are Beating the Market in 2025

只有少数几个令牌在2025年击败市场

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:

加密市场仍在寻找新的国王，而Altcoins的性能也很大。 Nansen的分析师Nicolai Sondergaard说：

“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季节最终将到来，但看起来可能并不像我们以前见过的那样。 Memecoins的爆炸激发了投资者的注意力，这使得其他Altcoins的轨迹更加不确定。”

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.

尽管面临挑战，但一些Altcoins仍在设法打印出来。其中有超流动性，其HLQ令牌表现出令人印象深刻的弹性。但是，正如Sondergaard指出的那样，市场正在迅速发生变化，一旦Memecoin Frenzy消退，其他山寨币将如何表现出来。

Hyperliquid Partners with Unit Protocol to Bring BTC to Its Blockchain

与单位协议的超液体合作伙伴将BTC带到其区块链

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.

除了其令牌的强劲表现外，超流动性还在分散金融（DEFI）的世界中引起了波浪。通过与单位协议的合作伙伴关系，用户现在将能够将BTC直接存放在超流利区块链上。

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:

这种整合标志着加密货币行业的重要性，可能对链交易产生重大影响。正如Hyproliquid的开发人员Jeff.hl所说：

“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.”

“启动单位协议使超级流动性更接近其最终的野心：成为代币化财务的基本枢纽。凭借创纪录的流动性和精致的UX，该平台旨在吸引初学者和经验丰富的商人。”

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，尽管超级流动性的收益和创新令人印象深刻，但并非一切似乎都在红地毯上推出。最近，Vaneck质疑区块链是否可以避免灾难，考虑到加密社区的苛刻和不可预测的性质。如果承诺没有实现，市场可能会迅速开启它们。超级流动赢得了一场战斗，但是分散的战争还远远没有结束。