Guys, have you been following $HYPE from #Hyperliquid? Many say it's a promising altcoin, but what exactly does it do and why all the hype?

Hyperliquid is a Layer-1 blockchain made for perpetual futures DEX, but with insane speed and zero gas on trades. The token $HYPE is used for governance, staking (with an APY of up to 55%) and paying fees. The structure follows a different model: fees go to the community, and there is a burn that makes the token deflationary.

The order system is totally on-chain, providing more transparency. The network is based on HyperBFT to deliver transactions in less than 1 second. And it recently hit an ATH close to US$ 43.

Institutional money is coming in too. A recent example is Eyenovia, which injected US$ 50 million in HYPE and even entered as a listed stock in the USA. The TVL is already around US$ 1.7 billion, rivaling players like Avalanche and Polygon.

For those looking for exposure to cutting-edge DeFi, with staking strategy and governance in hand, $HYPE is worth keeping an eye on today. It's just not for those looking for a memecoin or pump action without logic; it's serious business.

And you guys, have you already exchanged ideas with $HYPE? Are you looking at staking, governance, or just observing this project from afar?