Hyperliquid TVL Hits $3.4 Billion Fueled by Institutional Interest

Hyperliquid has experienced a significant surge in its total value locked (TVL), reaching nearly $3.4 billion, driven by institutional investment and endorsements. Key figures like Arthur Hayes and Mike Novogratz have publicly expressed their support for the platform’s growth within the cryptocurrency sector. This notable increase in TVL indicates a shift in market dynamics, with institutions driving increased activity on the platform, according to Hyperliquid founder James Wynn.