Yes. With less than two years needed to buy back all liquid supply, demand is outpacing availability.
Its strong earnings, dominant market share, and aggressive buybacks make it a top DeFi growth token.
Hyperliquid [HYPE] has jumped to the top of the perpetual DEX market, and is pulling ahead of fast-growing rival Aster [ASTER].
As token supply continues to fall and demand stays strong, a supply crunch may be just around the corner.
At press time, Hyperliquid led the perpetual DEX market with a massive $5 billion in total value locked (TVL), commanding over 60% market share.
Despite its strong lead, competitors are closing in. Aster surged past $655 million, briefly nearing the $2 billion mark earlier this quarter, while Lighter and edgeX are also showing steady growth.
