Hyperliquid growth driven by leveraged degeneracy, trade sharing

Hyperliquid growth driven by leveraged degeneracy, trade sharing

Although mostly indistinguishable from a regular crypto exchange — it offers derivatives trading and issued its own proprietary coin — Hyperliquid has managed to capture market share through two particularly successful features. While it debuted with a generous airdrop of its HYPE token, this is nothing out of the ordinary. After all, many other crypto exchanges have tried giving away free money in the hopes of generating a return via media atte…