news 
Title: Hyperliquid Expands Amid Increased BTC and ETH Fund Inflows in DeFi
As the decentralized finance (DeFi) sector continues to thrive, one player has emerged as a prominent force: Hyperliquid. The platform has witnessed significant growth, capitalizing on the recent surge in fund inflows into DeFi protocols.
The rise of DeFi can be attributed to the overall recovery of the cryptocurrency market and the growing interest in decentralized applications (dApps) and yield farming. This trend is further amplified by the increasing value locked in Bitcoin (BTC) and Ethereum (ETH)-based protocols, which has led to a substantial increase in fund inflows.
In particular, the value locked in DeFi protocols has seen a significant spike, with both BTC and ETH-based platforms experiencing notable growth. The total value locked (TVL) of DeFi protocols has surpassed $17 billion, driven largely by the growth of liquid restaking protocols such as EtherFi and KelpDAO.
Hyperliquid’s expansion is directly linked to this market trend, as its innovative approach to decentralized futures trading has garnered significant attention from investors. The platform has seen a substantial increase in value locked, with TVL reaching $3.19 billion.
The key factors behind Hyperliquid’s success include the addition of new trading options and the constant expansion of open interest. This growth is mirrored by the rising demand for stablecoins, which are being used to fuel this growth.
Source: crypto-economy.com
