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What you need to know
How will MetaMask integration impact HYPE’s growth rate?
Hyperliquid’s adoption will be boosted by the huge user base of MetaMask.
How can HYPE users benefit from integration?
The token value could increase as a result of the increased fees.
MetaMask – MetaMask a software that is used to protect your data. planning You can offer perpetual markets that are powered by Hyperliquid [HYPE].
It would be the third wallet after Solana [SOL]-focused Phantom The following are some examples of how to get started: Ethereum [ETH]Hyperliquid has a growing ecosystem that can be leveraged by Rabby wallets.
Users can bet with Perpetual on market movements, increasing their profits and losses.
MetaMask has announced that it will be launching a new version of MetaMask. launch a tokenHyperliquid’s popularity will increase as users jump to the platform to receive rewards. analyst.
Source: X
Hyperliquid: Will its growth help HYPE?
The Hyperliquid Chain and DEX was launched in late 2018, but it has now grown to compete with established chains, centralized exchanges such as Solana. Binance [BNB].
In particular, the DEX’s successful perpetual markets have since attracted other platforms to plug into the liquidity via ‘builder codes.’
Hyperliquid can be used to deliver perps through third-party interfaces.
Hyperliquids has been gaining in popularity. users The average number of daily users has reached 3000 by H2 2020. In the same time frame, cumulatively new users grew from 525K – to almost 700K.
Source: Hyperliquid Stats
Capital flows are about $6B In less than two year, the platform has gained traction.
Most of the growth is due to HYPE users. Earned fees fund 90% of the program. HYPE buybacks This will increase the value of your product by reducing its supply.
The platform is not new. launched Its stablecoin USDH, which will maintain yield within the system and help further with the buyback programme.
HYPE’s mid-term outlook is positive despite recent market volatility. pullback On the price charts. The $50 price level is a critical support on the charts to maintain further gains above $60.
TradingView: Source for HYPE/USDT
Interesting, this view was echoed by the Options Market Positioning. The 1-week Skew (red) for the 25-Delta Skew fell to a negative level but then recovered.
The premium was for short-term puts (bearish wagers to hedge) and not for calls (bullish wagers). Other words, caution on a short term basis.
The 1-month trend was positive and relatively flat in the middle term, suggesting an outlook that is neutral or positive.
In other words, HYPE may try to reach $60 or more in the coming weeks and days.
Source: Leavitas
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Source: ambcrypto.com
