Hyperliquid’s HYPE Overtakes Cardano’s ADA by Market Capitalization

Over the past week, HYPE rose 21.22% to $43, giving Hyperliquid a $10.58 billion valuation and pushing Cardano’s ADA, at $9.85 billion, out of the top 10 by market value.

ADA

HYPE

42d ago

Summary

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Terms & Concepts

Market capitalization: The total value of a cryptocurrency’s circulating supply, calculated by multiplying its token price by the number of coins or tokens in circulation.
Hyperliquid: A crypto trading platform associated with HYPE, its native token used within the project’s ecosystem.
Cardano: A blockchain network that uses ADA as its native cryptocurrency for transactions and network participation.