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Hyperliquid ETF trading activity is gradually increasing, with daily trading volume reaching the tens of millions of dollars.

BlockBeats News, May 20th, the Hyperliquid ETF (THYP) launched by the cryptocurrency asset management company 21Shares began trading last Tuesday, and the current trading volume has gradually increased. The daily trading volume has reached the tens of millions of dollars, about 8 times higher than the first day's $1.8 million trading volume.


Tonight, HYPE returned to $50 after 240 days, the AI giant's on-chain IPO frenzy is helping drive the value discovery of the Perp DEX.

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Hyperliquid's open interest and trading volume have continued to hit new highs. However, due to the HIP-3 fee-sharing mechanism, the rise of third-party markets, and a lackluster ecosystem, the platform's retained earnings have been declining steadily. The HYPE buyback pressure, valuation support, and regulatory scrutiny are all under pressure simultaneously.
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