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Hyperliquid Does More Trading Volume Than Robinhood In August As Dogecoin & Cardano Holders Shift
Cryptocurrency asset interest continues to grow as traditional exchanges and altcoins compete for investor attention. A recent report reveals that Hyperliquid’s performance has outperformed well-known traditional exchanges in August, showcasing the significant rise of decentralized exchanges.
In contrast, coins like Dogecoin and Cardano continue to attract robust user bases and maintain their popularity among investors. Meanwhile, Remittix (RTX) is generating buzz through its successful presale and practical utility-focused launches.
Dogecoin, a meme coin, has traded at $0.2245 currently, marking a 2.47% rise over the past 24 hours. Its market capitalization has increased by an impressive 18.47%, reaching $33.82 billion. Additionally, its trading volume has surged by 17.26% to $2.35 billion.
Cardano, a Layer 1 project, is currently trading at $0.8692 with a stable market capitalization of $31.06 billion and an increased trading volume of 17.26%, reaching $1.37 billion.
Hyperliquid, despite outperforming Robinhood in total August trading volume, has seen its daily performance take a hit, declining by a small margin to $48.69 while maintaining a market cap of $16.25 billion and witnessing a decline of 18.73% to $334.54 million.
The mixed performance of Dogecoin, Cardano, and Hyperliquid demonstrates how investors are actively shifting between old meme coins, Layer 1 networks, and decentralized exchange tokens.
Remittix, on the other hand, is building long-term foundations as it prepares for a promising future. With a current price of $0.0987 per token, Remittix has successfully raised over $21.9 million in its presale, selling more than 625 million tokens.
Source: timestabloid.com
