Decentralized Exchange, HyperLiquid, Has Just Launched

Decentralized Crypto Exchanges known as “DEX’s” have seen significant growth in the cryptocurrency space over the past few years due to some of the unique advantages they offer over the traditional centralized exchanges (CEXs) such as Coinbase.

DEXs have the ability to operate in the blockchain space through the utilization of Smart contracts. Completely free of the need for a Central authority to manage it or it’s users funds. Many centralized exchanges (CEXs) have been plagued with issues such as hacks, mismanagement of user funds, poor customer service, and increased scrutiny from financial regulators, a growing number of decentralized exchanges (DEXs) have emerged as a alternative option for crypto traders.

On November 29th 2024, HyperLiquid Launched it’s trading platform and native token $Hype. In just two months since its launch, the platform has boosted impressive growth. On January 20th the platform reported a 24 hour trading volume of $21B, open interest of 4.7B and protocol revenue of $9.5M.

For such a new exchange, these are impressive numbers. Since launch the platform has continued to sustain growth in trading volume and new users on the platform. If the exchange continues to sustain the level of growth it has so far, it has the potential to establish itself as one of the groundbreaking innovations in the crypto space by 2025.

Traders interested in exploring the platform to trade can use our code ” WORLDCRYPTOINDEX “ to receive a 4% discount on trading fees. Please note that we are not affiliated with or endorsing the project, and have not received payment for reporting on the new platform.