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Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B

CoinDesk LogoCoinDesk4d ago

Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B - CoinDesk

Quick Summary:

The record trading activity on HyperLiquid's perpetuals market is characrterized by users recently leaning more toward ether than bitcoin.

The success stems from HyperLiquid being a purpose-specific protocol rather than a general all-purpose chain, according to some observers.

Since Monday, ether perpetuals have registered a cumulative trading volume of $7 billion.


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Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 08:25:29 (4 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24482262

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About CoinDesk

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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The story "Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B" was covered 4 days ago by CoinDesk, a news publisher based in United States.

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  • URL: https://beamstart.com/news/ether-volume-overshadows-bitcoin-on-17344014719934

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