Wu said that according to Artemis analysis, Hyperliquid has accounted for over 75% of the decentralized perpetual contract trading volume and used 97% of its generated fees for repurchases; The spot trading volume of Hyperliquid has rebounded to the level of December, and Hyperliquid's on chain CLOB and Hyper Unit protocols give it an advantage in gaining decentralized spot market share; With the help of HyperEVM, staking, lending, and stablecoins, Hyperliquid is building a complete DeFi ecosystem, with TVL exceeding $1 billion; Using a segmented valuation model with Robinhood and Coinbase as references, Artemis believes that Hyperliquid's FDV can reach $51.05 billion to $59.6 billion. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44970