Hyperliquid TVL Reaches Year’s Low as HYPE Falls Toward $20

Layer-1 blockchain Hyperliquid, known for its decentralized derivatives exchange, has noted a drop in its Total Value Locked (TVL) since the beginning of the year. This downturn comes despite the slight overall increase in decentralized finance (DeFi) TVL across the market since January 1. This TVL drop has caused a decline in demand for Hyperliquid’s native token HYPE. With waning buying... source: https://beincrypto.com/hype-token-price-drop-tvl-falls/