DeFi

Hyperliquid TVL hits record high, surpassing dYdX

Published

8 months ago

4 June, 2024

Hyperliquid TVL hits record high, surpassing dYdX

The Arbitrum-based DEX also announced a new points program that began on May 28.

Decentralized exchange based on Hyperliquid arbitrage continues to climb the DeFi ranking and has now surpassed dYdX in terms of total value locked (TVL).

According to ChallengeLlama, Hyperliquid has $530 million in TVL compared to $484 million for dYdX. This figure represents a new all-time high and places Hyperliquid in second place among derivatives platforms, just behind GMX, which has $542 million.

Hyperliquid TVL

To complete the top 5 in terms of TVL, Jupiter based on Solana with $415 million and Drift with $365 million.

Hyperliquide had an exceptional year in 2024. six weeks ago, the platform ranked 8th for TVL. But the driving force behind its most recent rise appears to be the new Hyperliquide points program. revealed on May 29which attracts users to the platform.

The new program began May 29, and the first look at eligible recipients ends today. The team is distributing 700,000 points per week over four months, plus an additional 2 million points per week for activities between May 1 and May 28.

Community reaction was mixed. Many have decried Hyperliquid’s decision to extend the incentive program and thus postpone its token launch and airdrop. However, this did not stop traders from flocking.

Defend hyperliquid

According to Stevena founding member of Yunt Capital, which has backed some of the largest crypto companies including Zerion, Hyperliquid has distributed approximately 51 million points over four periods to date.

He says the project has tried to reward its early adopters and clearly intends to move beyond its perpetual dex tag to a layer 1.

“The wording of the ad shows that the team is working to raise awareness that HL is an L1 and not just a criminal,” Steven job on May 29, the same day as Hyperliquide’s announcement. “To me, this suggests that the plan is to allocate the majority of points to non-criminal related features.”

Steven also pointed out that PURR holders are favored by Hyperliquid. “In April, the team heavily rewarded PURR holders with points, so a continuation of this behavior seems likely,” he said. PURR, which was the first spot token launched on Hyperliquide, flew 23% today.

PURR Price table PURR price

Milestones before the token

Although some users may be disappointed that the Token Generation Event (TGE) for Hyperliquid tokens is not imminent, the team seems to want to achieve a certain set of goals before launching their token.

The pseudonym Chameleon Jeff, who runs Hyperliquid, wrote on X on May 29 on three main objectives before distributing its token. These include the deployment of native EVM, seamless integration of EVM with existing native components, and complete decentralization of the network (although he did not share any details on how this would take place) .

For Steven, the decision to block the token launch and proceed with another round of points could turn out to be the best one. “By first proving to the market that HL should be valued as an L1, the price of the token will be higher on TGE. Isn’t that what everyone ultimately wants? he concluded.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

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Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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