Hyperliquid’s $HYPE Outperforms in Bear Market, Defies Broader Altcoin Decline

Despite the bearish trend sweeping across the cryptocurrency market, Hyperliquid’s native token, $HYPE, is bucking the trend. This decentralized finance project has surged 36% weekly to reach a new high of $47.50, outpacing its peers as it demonstrates resilience during October’s altcoin correction. This impressive performance is supported by a robust TVL of $2.41 billion and an L1 fee dominance of 40%, signaling the project’s success in a market marked by volatility.