# Why Hyperliquid is Winning

*Author: Bankless*
*Published: Nov 15, 2024*
*Source: https://www.bankless.com/fr/why-hyperliquid-is-winning-3*

---

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-652--1-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=why-hyperliquid-is-winning&email=true)

  
Why Hyperliquid is Winning
    
  

  
  Published on Nov 15, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

---
[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=why-hyperliquid-is-winning&email=true) — mETH Protocol kickstarts Season 2 of Methamorphosis.

[Visit mantle.xyz to Learn More](https://www.bankless.com/sponsor/mantle-1706216729?ref=why-hyperliquid-is-winning&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Republicans Go After SEC
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-14---2024-11-15T132116.920.png)](https://www.bankless.com/dashboard)- 🇺🇸 **States and DeFi Group Challenge SEC’s Crypto Oversight. **A new lawsuit is [taking Gary Gensler's SEC to task](https://www.bankless.com/states-challenge-sec) on crypto.
- **📈 JPMorgan Expecting Numerous Big Crypto Regulatory Wins. **With Trump back in office and the GOP in full control, JPMorgan analysts [expect rapid action](https://www.bankless.com/jpmorgan-expecting-numerous-big-crypto-regulatory-wins).
- 👨‍⚖️** Trump Nominates Former SEC Chair as SDNY Attorney.** Trump [nominates](https://www.bankless.com/clayton-redux-from-sec-to-sdny) Jay Clayton to lead the highly influential office.

.  .  .

 
  
    

MARKET VIBES

  
  
XRP Pumps Bigly
  
   
     
 
     
    
 

**📸 Daily Market Snapshot: **While memecoins have undoubtedly been the big winners this week, XRP is catching a bid in a major way as the resilient token has pumped nearly 60% this week and is reaching heights it has not seen since late 2021. It's undeniable that XRP is poised to benefit in a major way from Gensler's presumed departure, a move that would likely remove obstacles from the approval of XRP spot ETF applications. 

Prices as of 2pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.95T
       

  
    
    ↘ 0.2%
    
  

   
    
    ↗ 17.1%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $89,491
       

  
    
    ↘ 0.1%
    
  

   
    
    ↗ 16.2%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,028
       

  
    
    ↘ 3.5%
    
  

   
    
    ↗ 2.0%
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/1975.png)
    

  **LINK**
   
          $13.38
       

  
    
    ↗ 0.9%
    
  

   
    
    ↘ 1.1%

    
  

  

---
⛓️**New Token Rating: **Donald Trump’s World Liberty Financial plans on using **Chainlink** for pricing data and cross-chain interoperability. Will this catalyst finally allow LINK to outperform?[Unlock LINK on Token Hub](https://www.bankless.com/tools/token-hub/chainlink)

.  .  .

 
  
    

ANALYSIS

  
  
    
Why Hyperliquid is Winning
  
   
     
     Bankless Author: 
     
       [
       
        David C](https://www.bankless.com/author/david)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/image---2024-11-15T132541.167.png)](https://www.bankless.com/why-hyperliquid-is-winning)In just two years, Hyperliquid has quickly positioned itself as a leading force in the crypto derivatives market, emerging as one of the most actively traded perpetual DEXs. 

Setting itself apart in the blockchain landscape, Hyperliquid has taken a product-first approach, fostering organic growth without heavy reliance on incentives and maintaining financial independence as a strictly self-funded team. It’s processed [$21B in volume](https://defillama.com/derivatives) this week alone and has 3x’d its total share of perpetuals volume this year, climbing from ~11% in December 2023 to [33% this week](https://dune.com/uwusanauwu/perps).

All the while, Hyperliquid has been running a points program that will soon culminate in the highly anticipated HYPE token TGE, laying the foundation for its future decentralization, the addition of EVM compatibility, and community governance. 

*Let’s take some time to explore what makes Hyperliquid unique, methods for gaining exposure to the upcoming TGE, and its planned expansion once HYPE is live *👇

[Read More on Bankless.com](https://www.bankless.com/why-hyperliquid-is-winning)
---