🚨 $HYPE SKYROCKETS 300%! 🚀 HUGE BUBBLE OR THE NEW KING OF DEX WITH A $38 BILLION VALUATION AND ONLY 21 VALIDATORS? 🤯💸

📢 Token #HYPE has soared 300% in just two months, reaching an all-time high and turning its blockchain, Hyperliquid, into a silent DeFi giant. With $1.75 billion in TVL and over $420 million in daily volume, Hyperliquid now dominates 70% of decentralized perpetual trading. Even the Nasdaq-listed Lion group plans to hold $600 million in reserves with HYPE! 🚀💰

💥 The key question is whether this $38 billion valuation (fully diluted), with only 21 validators on its network, is justified. 🧐📉

However, its defenders, such as analyst Ansem, argue that concerns about valuation ignore Hyperliquid's incredible performance and the sector's potential. Despite dominating perpetual DEXs, it only represents 10% of Binance's global volumes, suggesting massive growth potential! 📈 Furthermore, HYPE's tokenomics are solid: 97% of revenue is reinvested in HYPE buybacks, and a large portion of the supply (23.8% of the team) is locked until 2027-2028, with no selling pressure from VCs as they had no external funding! 💪

The project launched without external funding, offering the self-custody of a DEX with the speed of a CEX, and now has over 500,000 users. 🚀 Although its dependence on 21 validators raises doubts about decentralization, its defenders believe that for long-term holders who believe in the protocol's trajectory, the current valuation may be high, but not irrational! 🧠

🤔 Do you think its $38 billion valuation is a sign of an unsustainable bubble about to burst? 👇💬

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