PANews, June 5 - According to CoinDesk, the total locked value (TVL) of the decentralized exchange HyperLiquid's yield vault has rebounded from $163 million to $418 million within two months, successfully emerging from the shadow of the March JELLY market turmoil. The vault currently has an annualized yield rate of 13.42%, higher than the approximately 9% yield level of mainstream re-staking protocols.
In March, due to the manipulation of the JELLY index price, HyperLiquid was forced to liquidate at $0.0095 (instead of the $0.50 shown by the off-chain oracle), causing the platform's TVL to plummet from $510 million to $150 million, with the HYPE token dropping 20% that day. However, trader James Wynn's public trading of $100 million in a single week demonstrated the platform's liquidity capabilities, driving the TVL and token price to rise in tandem, with HYPE experiencing a 72% increase over the past 30 days.
