NFT市场正在逐渐兴奋，但它仍然是一个狂野的西部

最期待的超流动NFT交易市场应该是Drip.trade（@Drip__trade），该市场将于2月27日推出。尽管该产品尚未推出，但几天前就发布了Token $ JPEG的平台。

Since the middle of last year, NFTs have gradually deviated from the "classical value standards." The elements used to assess the value of traditional PFP NFTs, such as image content, community, and traditional brand-building narratives, have basically become ineffective. This trend peaked at the end of last year and the beginning of this year, with projects like Kaito rising to over 10+ ETH, several Cosmos ecosystem projects on Stargaze skyrocketing, and MegaETH causing significant market controversy.

自去年中旬以来，NFT逐渐偏离了“古典价值标准”。用于评估传统PFP NFT的价值（例如图像内容，社区和传统品牌建设叙事）的价值的要素基本上变得无效。这一趋势在去年年底和今年年初达到顶峰，例如Kaito之类的项目升至10多个ETH，几个有关Stargaze的Cosmos生态系统项目飞涨，Megaeth引起了重大的市场争议。

Many players refer to these "FTs disguised as NFTs" as "equity NFTs." The most direct manifestation of this is that these NFTs mostly come from projects that are about to issue tokens, using NFTs as a starting point to warm up the ecosystem, build communities, or directly sell token quotas.

许多玩家将这些“伪装成NFT”称为“股权NFT”。最直接的表现是，这些NFT主要来自即将发行代币的项目，使用NFT作为升级生态系统，建立社区或直接出售代币配额的起点。

So when I found that NFTs on Hyperliquid had some market activity and surprisingly had a bit of "classical flavor," I was somewhat surprised…

因此，当我发现Hypliquid上的NFT有一些市场活动，并且出人意料的是“古典风味”时，我感到有些惊讶……

Wild Growth Without an NFT Trading Market

没有NFT贸易市场的野生增长

The most anticipated Hyperliquid NFT trading market should be Drip.Trade ( @drip__trade ), which will launch on February 27. Although the product has not yet launched, the platform token $JPEG was issued a few days ago. At its peak, the market cap was close to $20 million, and it is currently around $7.5 million.

最期待的超流动NFT交易市场应该是Drip.trade（ @Drip__trade），该市场将于2月27日推出。尽管该产品尚未推出，但几天前就发布了Token $ JPEG的平台。达到顶峰，市值接近2000万美元，目前约为750万美元。

The airdrop is targeted at the two hottest NFT projects on Hyperliquid, Wealthy Hypio Babies and K-16 a.k.a KARU, both of which are currently on the Base network and have not yet bridged to HyperEVM.

该气管针对高流动性，富裕的低血压婴儿和K-16又名Karu的两个最热门的NFT项目，它们目前都在基本网络上，尚未与HypereVM桥接。

So how do projects already on HyperEVM trade? Currently, they are trading on Net Protocol, a tool developed by OpenSea protocol engineer aspyn, which already supports some native Hyperliquid NFT transactions.

那么如何已经进行了HypereVM贸易的项目呢？当前，他们正在按Net协议进行交易，该工具由OpenSea协议工程师Aspyn开发，该工具已经支持某些本机超级液体NFT交易。

This wild growth situation makes me reminisce about the inscription era at the beginning of 2023, when I was doing over-the-counter trading with an Excel order book…

这种狂野的增长状况使我回想起2023年初的铭文时代，当时我正在使用Excel订单书进行非处方交易…

Additionally, minting NFTs on Hyperliquid is also quite cumbersome, similar to the early Ordinals. To describe the entire process briefly, you first need to deposit USDC to the Arbitrum network:

另外，在超流体上的造成NFT也很麻烦，类似于早期的序列。要简要描述整个过程，您首先需要将USDC存入仲裁网络：

After the deposit is confirmed, you purchase $HYPE in the HYPE/USDC trading pair:

确认押金后，您在炒作/USDC交易对中购买$ hype：

After successfully purchasing, return to the Portfolio page and click on Transfer to EVM in your position to transfer $HYPE to HyperEVM.

成功购买后，返回投资组合页面，然后单击“转移到EVM，以将$ hype hype to to HypereVM转移到Hyperevm中。

Once you have $HYPE on HyperEVM, you can use it to mint new projects.

一旦您对HypereVM进行了炒作，就可以将其用于薄荷新项目。

Which NFT Projects Are in the First Tier?

哪些NFT项目在第一个层？

First, of course, is Wealthy Hypio Babies ( @HypioHL ), with a current floor price of about 0.9 ETH, down from an ATH of over 1 ETH. However, the market is currently declining, so a pullback is understandable.

当然，首先是富裕的低估婴儿（@hypiohl），目前的地板价格约为0.9 ETH，低于1个以上的ATH。但是，市场目前正在下降，因此可以理解的回调。

Looking at the floor price trend, you can see that while Hypio's overall trend is steadily rising, it also experienced about a month of dormancy before starting its second wave of price increases in mid-month, setting new highs.

从地面价格趋势来看，您可以看到，尽管Hyperio的总体趋势在稳步上升，但在开始第二次价格上涨之前，它也经历了大约一个月的休眠状态，从而创造了新的高点。

Hypio's community is indeed the best among current Hyperliquid NFT projects, which is reflected in its price and transaction volume. Additionally, holding Hypio has already yielded several airdrops, including the previously mentioned $JPEG from the upcoming Hyperliquid NFT trading market Drip.Trade, the impactful native meme $BUDDY on Hyperliquid, and $SENT from the AI Agent platform Sentiment on Hyperliquid. Upcoming are $Neko from DeFAI Swarm on Hyperliquid and $SPR from the short-term options platform Supurr (formerly Buffer Finance) on Hyperliquid.

Hyperio的社区确实是当前超流动性NFT项目中最好的社区，这反映在其价格和交易量中。此外，Holding Hypio已经产生了多个空投，包括即将到来的Hypliquid NFT交易市场滴水中提到的$ JPEG。贸易，有影响力的本地模因$ Buddy在Hyproliquid上，以及从Hyperlipile的AI Agent Platform Platform情感中发送的$。即将到来的是defai swarm in Hyproliquid上的$ Neko，而Hyperliquid上的短期期权平台Supurr（以前是缓冲融资）的$ SPR。

The second project under Hypio is K-16 a.k.a KARU ( @karu__16 ), which has a similar value logic to Hypio.

Hypyio下的第二个项目是K-16 AKA Karu（ @karu__16），其具有与低血压相似的值逻辑。

However, KARU's price trend has not been as smooth as Hypio's. After quickly breaking through 0.1 ETH at the start, it saw a significant drop within a week, then rebounded from the bottom to set new highs, proving its resilience.

但是，Karu的价格趋势并不像Hypyio那样光滑。一开始就迅速突破了0.1 ETH后，它在一周内就显着下降，然后从底部反弹到设定新的高点，证明了其韧性。

The last one is TinyHyperCats ( @tinyhypercats ), the first native NFT project on HyperEVM. Since it is native, it currently needs to trade on the aforementioned Net Protocol, with a current floor price of 17 $HYPE.

最后一个是tinyHypercats（@tinyhypercats），这是HypereVM上的第一个本机NFT项目。由于它是本地的，因此目前需要按照上述净协议进行交易，目前的地板价格为17美元。

What New Projects Are Worth Watching?

哪些新项目值得一看？

Hypers ( @HypersOnHL )

大肆宣传（@hypersonhl）

This project was mentioned in an article introducing new NFT projects at the end of last year, and it was already quite popular then. It is finally set to launch. Minting will begin on Drip.Trade on February 27. The total supply is 8888, with a minting price of 2 - 2.5 $HYPE.

该项目在去年年底介绍了新的NFT项目的一篇文章中提到，当时已经很受欢迎。它终于设置为启动。铸造将从2月27日的滴水开始。总供应量为8888，铸造价格为2-2.5美元。

PiP ( @PiPonHL )

PIP（@piponhl）

Although it doesn't have many followers, the actual response has been greater than its follower count. There is currently

尽管它没有很多关注者，但实际响应比其追随者数量要大。目前有