A top-20 altcoin saw huge gains despite the fact that the entire crypto industry plummeted in value.
HYPE has soared more than 40 percent in just seven days, as the native asset for the Hyperliquid Decentralized Exchange (DEX).
Data from CoinGecko shows that the total crypto market capital has fallen by nearly 9% during this time frame.
HYPE, the twenty-first-ranked crypto asset in terms of market cap, continued to be hot on Monday. It was trading up over 13% as I wrote this.
Hyperliquid’s trading engine HyperCore will now support outcome contracts that can be used in prediction markets.
Explains the Project
The outcome primitive brings non-linearity and dated contracts to derivative trading, as well as an alternative that doesn’t involve liquidations or leverage. HyperCore’s outcome primitive allows for greater expressivity, and can be combined with other primitives like portfolio margins or HyperEVM.
The outcome is still a work-in-progress and only tested in the testnet. Once the technical development has been completed, canonical markets that are based on objective sources of settlement will be implemented. The USDH will be used to denominate the markets. The infrastructure is being extended for permissionless deployment pending user feedback.”
HYPE was trading for $33.06 when this post was written.
Join us! X, Facebook You can also find out more about the following: Telegram
Don’t Miss a Beat – Subscribe Get email notifications delivered straight to your Inbox
Check out the latest news and updates on our website. Price Action
Search for a way to surf The Daily Hodl Mix
[adinserter block=”5″]
 
Disclaimer: The Daily Hodl does not provide investment advice. Investors must do due diligence prior to making high-risk investment in Bitcoin, cryptocurrency and digital assets. Your transfers and trades will be at your risk and you are responsible for losses. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl is an affiliate marketer.
Midjourney – Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com
