Spot HYPE ETFs Absorb 1.04% of Market Cap in First 10 Trading Days

TLDR: Spot HYPE ETFs absorbed 1.04% of market cap in 10 days, surpassing BTC at 0.59%, ETH at 0.41%, and SOL at 0.31%. Hyperliquid TVL grew from $4.28B to $5.16B in May, with DEX volume rising from $108M to $146M in the same window. Hyperliquid controls 55% of all decentralized perps TVL and processed $190B [...]

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