HYPE and BTC spot pairs made the top-traded list on Hyperliquid

[CryptoTroubleshooter]

It's uncommon for spot pairs to be on the top-traded list on Hyperliquid.

Three spot pairs are in the top 13.

What do you guys think?

[nelson4lov]

True that, its very unusual. I doubt if that has happened before. I remember when Unit added spot BTC and ETH to hyperliquid but I haven't followed the progress since then. That was like 1.5 years ago.

Anyway, the biggest growth would be if it can top CEX spot volumes like Bybit and Biget and I think we are going to get that when Hyperliquid is given the approval to operate in the US. At that point, tradfi volumes will be more than enough to push it up further.

[RGBTC]

The "Hype" will be highlighted in every corner of the site itself, serving as free, perpetual advertising. People can easily be encouraged to trade the "Hype" pairs.
This isn't a first for me; I’ve seen various DeFi and meme coins reach the top of trading volume lists on price aggregator platforms after being featured in the "trending" sections.

[BitMaxz]

I am sure the reason why it is going to be the top-traded pair is because of the previous news that I heard last week.
Trump is going to regulate Hyperliquid, so expect the hype to be traded not only in BTC but also in other hype pairs.
Hype is getting more trading volume, and the news still talks about hyperliquid.
So expect this coin to be bullish long term.

[shinratensei_]

True that, its very unusual. I doubt if that has happened before. I remember when Unit added spot BTC and ETH to hyperliquid but I haven't followed the progress since then. That was like 1.5 years ago.

Anyway, the biggest growth would be if it can top CEX spot volumes like Bybit and Biget and I think we are going to get that when Hyperliquid is given the approval to operate in the US. At that point, tradfi volumes will be more than enough to push it up further.

Was the Trump recent talk also includes allowing hyperliquid's spot pair into the U.S.? from the gesture it seems they only want the perp market, otherwise if that happened, that'd be awesome. If not for the Trump's HL announcement about working together with the CFTC, it might be a sign that the whales, who traded in HL often are starting to accumulate the pico bottom and refused to use perp to play it safe, thus the higher volume.

[nelson4lov]

~Snipped

Was the Trump recent talk also includes allowing hyperliquid's spot pair into the U.S.? from the gesture it seems they only want the perp market, otherwise if that happened, that'd be awesome. If not for the Trump's HL announcement about working together with the CFTC, it might be a sign that the whales, who traded in HL often are starting to accumulate the pico bottom and refused to use perp to play it safe, thus the higher volume.

No, there was no specifics. Also, in my reply, I wasn't saying that Hyperliquid spot pair would be approved for trading in the US. What I meant was that, if and when it gets approved by the US government, that will unlock plenty of access for hyperliquid in terms of volume and other areas of growth. I believe that alone will bring more attention to BTC and ETH spot even if its not allowed for US.

There is also the case that HL themselves might begin pushing for spot if perps is approved. Still a lot can happen. I still wish I had my HYPE stack but it is what it is. Good tek.