Hyperliquid DEX token gains 300% in 2 months: Is the HYPE justified?

HYPE is up 300%, and Hyperliquid leads the DEX perp market. But with a $38B valuation and just 21 validators, some question if the rise is sustainable.

Jun 23, 2025 - 20:58
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Hyperliquid DEX token gains 300% in 2 months: Is the HYPE justified?

Hyperliquid DEX token gains 300% in 2 months: Is the HYPE justified?

HYPE is up 300%, and Hyperliquid leads the DEX perp market. But with a $38B valuation and just 21 validators, some question if the rise is sustainable.