$HYPE trades at 47.45M with a $15.84B market cap, representing the dominant force in decentralized derivatives with ~60% market share.
The protocol generates $1.17B annualized revenue through $4.67B daily perp volume, with 97% of fees funding aggressive token buybacks.
Technical outlook shows bullish daily bias with key resistance at $49.40-$50.
Social sentiment remains optimistic despite questions around unlock transparency.