Investigate the efficacy of the HYPE token, the record-breaking $20B market cap for the TRUMP coin, and Hyperliquid’s TRUMP perpetual contract.
Hyperliquid has introduced a TRUMP perpetual contract that allows traders to leverage positions with a maximum of 3x. U.S. President-elect Donald Trump’s TRUMP meme coin functions on the Solana blockchain. This action is consistent with the platform’s objective of providing innovative trading solutions and meeting the community’s needs. The native token HYPE experienced an 8% decline in the past 24 hours despite the positive development.
Specifications of the TRUMP Perpetual Contract on Hyperliquid
Hyperliquid announced on January 18 that the TRUMP perpetual contract would be listed on X, a decision motivated by community interest. The contract guarantees a decentralized approach by employing on-chain AMMs for Oracle pricing.
Traders can speculate on the asset’s price movements and potential gains with a leverage of up to 3x. Nevertheless, the platform cautions against possible risks, such as high volatility, low liquidity, and an increased likelihood of liquidation.
TRUMP Coin is the first cryptocurrency to surpass $10 billion in market capitalization
Donald Trump has formally launched the TRUMP meme coin, which can be purchased through its official website using debit cards or cryptocurrency. As the first cryptocurrency to surpass a $10 billion market cap within 24 hours of its launch, the coin has achieved history. The token was trading for $19.27 and had a 24-hour trading volume of $213 million, with $65 million in open interest, and was available for trading on Hyperliquid. The coin’s extraordinary market reception is underscored by its fully diluted valuation (FDV) of an astonishing $19 billion at the time of writing.
Over the past 24 hours, the TRUMP token’s primary liquidity pool on the Meteora protocol reported $12.2 million in revenue, second only to Tether. The token’s daily revenue could surpass $58.08 million if the current hourly fee income continues.
Performance of the Hyperliquid Exchange and the HYPE Token
Hyperliquid, a blockchain platform of the future, is revolutionizing the field of decentralized finance (DeFi) through its exceptional scalability and high-performance infrastructure. In the previous 24 hours, Hyperliquid’s exchange recorded a transaction volume of $6.65 billion across 72 listed tokens. The platform has a secured value of 2 billion.

The price of HYPE was currently trading at $21.89, representing an 8% decrease from the previous day. The token has experienced a 585% increase in value over the past quarter despite this decline, which is indicative of the ongoing confidence of investors. The 24-hour trading volume of HYPE was $218 million, representing a 50% increase from the previous day, and the company’s market capitalization is $7.33 billion. CoinGape recently identified Hyperliquid’s HYPE token as one of the four cryptocurrencies to monitor as Bitcoin once again surpassed the $100,000 threshold.