Hyperliquid’s fully diluted valuation (FDV) has reached approximately 93 billion dollars, surpassing the market capitalizations of Nasdaq (52.8 billion dollars) and the London Stock Exchange Group (54 billion dollars). This performance coincides with a new all-time high for the HYPE token, trading around 96.80 dollars with the prospect of crossing the 100-dollar threshold. The platform also announced that its open interest reached a record high of 18 billion dollars. Approximately thirty institutional financial players hold nearly 75 million dollars in ETFs backed by the HYPE token. However, this comparison remains largely symbolic, as Hyperliquid employs roughly 15 people compared to around 10,000 for Nasdaq and 29,000 for the London Stock Exchange.
Source: Read the original article
