Hyperlicid, decentralized peritual futures trading platform, has surpassed Solana in weekly fees a few months after its launch.
According to Difilama February. 28 dataHyperlicid (Hyp) earned more than $ 12.61 million fees compared to the previous week, more than $ 11.8 million from Solan’s (Sol). This was the case, even though Solana’s total value of $ 7.1 billion was locked, Hyperlicid’s $ 669 million is ten times higher than TVL. Hyperlicid’s TVL has increased by 294% from December and 55% from January.
Decentralized finance-origin business facilities of hyperlicid are responsible for its success. The platform offers traders fully on-chain order books, zero gas fees, and 50X leverage on assets including BTC, Ath and Sol.
On trading efficiency, this emphasis sets apart from Solanna, which is not specifically designed for DEFI, but supports different types of decentralized applications.
So far, the price of the hyp is $ 20.194. Experial Moving Averages (EMA 9) indicates a tendency of a slight recession, which costs or below the line. The relative power index (RSI 14) is at 51.21, indicating neutral speed, but bends towards weakness.
If the RSI falls below 50, the speed of further recession can increase the price by $ 19.50- $ 19.00. The support with resistance at $ 21.00 is around $ 20.00.
Whales are still optimistic despite recent values. In a transaction reported by Lukanchen on 26 February, a whale deposited $ 5 million on the USDC on the platform and purchased a price of $ 1.51 million on market prices 73,959 publicity. Whale also gave limit order to buy 183,768 promotions for $ 19.04 and $ 19.05.
Current open interest for hyperlicid is $ 329 million, which is more than $ 294 million of Solana according to cooringlasses dataHigh open interest is usually interpreted as a sign of liquidity and market participation. Despite the increasing interest on the stage, hyperlicid continues to face criticism on excessive centralization.
