Why HYPE Is Stronger Than Most DeFi Tokens — and Where That Power Could Run Out
HYPE is one of the strongest DeFi tokens because its demand is built into Hyperliquid: the token pays gas on HyperEVM, unlocks trading-fee discounts through staking, and absorbs over 99% of platform fees through an automated buyback. That strength is real but conditional — it depends on Hyperliquid sustaining high trading revenue.