Key Takeaways
Why are some analysts confident HYPE could flip SOL?
Equity perps narrative and increasing avenues for HYPE markets like Robinhood.
Is flipping possible in the short term?
Per Polymarket, HYPE could struggle to surpass SOL in 2025 in market cap.
Blockchains are racing to lead “Internet capital markets” or bridge TradFi offerings like equity trading. Solana [SOL] had a head start with on-chain stocks, also known as “tokenized stocks.”
But the leveraged version of on-chain stocks or equity perps is picking up steam, too. And Hyperliquid [HYPE] is building a moat in the segment, according to experts.
Through its recently released HIP-3, builder-deployed perps, now on-chain traders can easily trade Tesla, Nvidia, and Gold, for starters, with a 10X-20X leverage. The coverage will expand with time.
Source: Hyperliquid DEX
Hyperliquid’s version of the Nasdaq index, XYZ100, debuted a few days ago and was doing $55 million in volume as of writing.
According to Daniel Cheung, Co-Founder of VC Syncracy Capital, the traction could help HYPE flip SOL.
“HYPE is now undeniably becoming one of the most important projects in crypto. No reason HYPE cannot flip SOL.”
Source: CoinGlass
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