
Hyperliquid’s trading volume rose by 32% MoM; Tether launched gold-backed stablecoin XAUt0on TON. Sui validators voted to implement a hard fork of the chain.
This week, the market capitalisation, volume, and volatility indices showed a decrease of -6.20%, -6.22%, and -14.38%, respectively.
Hyperliquid’s trading volume totalled $248 billion in May, surging by 32% month-over-month. Its weekly trading volume accounted for about 80% of the on-chain perpetuals trades in the last week of May. Additionally, Hyperliquid’s total value locked (TVL) doubled from $751.54 million at the end of April to around $1.54 billion at the time of writing.
Research Roundup Newsletter [April 2025] | Wall Street On-Chain Part 3: Trading & Liquidity | The Rise of Crypto Treasury |
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