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Hyperliquid FDV Tops Solana as HYPE Rises to $56.2

According to OKX market data, HYPE rose above $55 and to $56.2, lifting Hyperliquid’s fully diluted valuation to $54.107 billion, just ahead of Solana’s $54.082 billion.

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Summary

HYPE extended its sharp rally, rising from above $55 to $56.2 and advancing more than 15% over 24 hours. The move pushed Hyperliquid’s fully diluted valuation to $54.107 billion, according to OKX market data, narrowly surpassing Solana’s $54.082 billion. Earlier, HYPE had traded at $55.1, about 7.4% below its all-time high of $59.5; the newer data shows the token moving even closer to that peak while also lifting its implied network valuation higher.

Terms & Concepts
  • Fully diluted valuation: A crypto valuation metric that estimates a project’s total value by multiplying the current token price by the maximum or fully issued token supply.
  • FDV: Short for fully diluted valuation, often used to compare the implied market value of crypto networks and tokens.
  • All-time high: The highest price an asset has ever reached in its trading history.