Hyperliquid's HYPE token has made notable strides, surpassing Aave (AAVE) in terms of market capitalization to become the 55th largest cryptocurrency in the market. This achievement marks a significant milestone for the token.
As of today, HYPE is trading at $9.51, having increased by 7.5% over the course of the day. Its total market value has reached nearly $3.17 billion, a substantial figure in the cryptocurrency landscape.
In contrast, Aave, another well-regarded DeFi project, is trading at $210.60. It has seen a modest increase of 0.4% during the same period, resulting in a market capitalization of approximately $3.16 billion.
This development highlights HYPE's dramatic rise in market valuation and its growing significance in the cryptocurrency sector.
