炒作令牌：DEFI的生长催化剂准备爆炸了吗？

Hype令牌有望主导Defi的下一个前沿。在稳定剂，机构采用和通缩模型的推动下，炒作可能是下一个大事吗？

HYPE Token: DeFi's Growth Catalyst Ready to Explode?

炒作令牌：DEFI的生长催化剂准备爆炸了吗？

The buzz around HYPE Token is deafening, and for good reason. With DeFi evolving beyond its experimental phase, HYPE is emerging as a major player, driven by stablecoins and deflationary economics.

炒作令牌周围的嗡嗡声震耳欲聋，这是有充分理由的。随着Defi的发展超出了实验阶段的发展，炒作正在成为主要参与者，由稳定的经济学和放流经济学驱动。

The Stablecoin-Driven DeFi Revolution

稳定驱动的Defi革命

Stablecoins are the engine of DeFi, and Hyperliquid's HYPE token is strategically positioned to take advantage. By leveraging stablecoin liquidity, HYPE offers the speed of centralized exchanges with the transparency of blockchain. In August 2025 alone, Hyperliquid processed $357 billion in derivatives volume, generating $105 million in fees, which were funneled into automated buybacks, reducing the circulating supply.

稳定剂是Defi的发动机，超流动性的炒作令牌在战略上可以利用。通过利用Stablecoin流动性，HYPE提供了集中式交流的速度，具有区块链的透明度。仅在2025年8月，Hypliquid处理了3570亿美元的衍生品数量，产生了1.05亿美元的费用，这些费用被汇入自动回购中，从而减少了循环供应。

Arthur Hayes' Bold Prediction: 126x Upside?

亚瑟·海斯（Arthur Hayes）的大胆预测：126x上升空间？

Arthur Hayes' 126x projection might seem audacious, but the underlying fundamentals are solid. If Hyperliquid captures a significant share of the stablecoin-driven derivatives market, the math checks out. Stablecoin adoption continues to surge, and Hyperliquid's architecture remains competitive.

亚瑟·海斯（Arthur Hayes）的126倍投影似乎大胆，但基本的基本面是扎实的。如果超液体捕获了斯塔霉素驱动的衍生品市场的很大一部分，则该数学会签出。 Stablecoin的采用率继续激增，超级流动性的建筑仍然具有竞争力。

Weighing the Risks: Token Unlocks and Regulatory Hurdles

权衡风险：令牌解锁和监管障碍

Of course, no investment is without risk. The November 2025 token unlock and regulatory uncertainty pose potential challenges. Hyperliquid's validator system and high-leverage features also introduce technical risks. However, the macroeconomic tailwinds, such as rising stablecoin issuance and DeFi's rebounding TVL, mitigate these concerns.

当然，没有任何投资没有风险。 2025年11月，令牌解锁和监管不确定性构成了潜在的挑战。 Hyperliquid的验证器系统和高杠杆功能也引入了技术风险。但是，宏观经济的尾风，例如发行稳定的发行和Defi的反弹TVL，减轻了这些担忧。

Altcoins to Buy for Next Bull Run

下一次公牛跑的山寨币

Beyond HYPE, several other altcoins show promise for the next bull run. BlockDAG, TRX, XLM, and KAS each offer unique strengths and growth catalysts. Investors should diversify their portfolios to maximize potential gains.

除了炒作之外，其他几个山寨币对下一次公牛跑表示了希望。 BlockDag，TRX，XLM和KAS各自提供独特的优势和生长催化剂。投资者应多样化其投资组合，以最大程度地提高潜在收益。

HYPE: A High-Conviction Play for the Future of DeFi

炒作：为Defi的未来有一个高定罪的戏剧

HYPE isn't just another token; it's a play on the convergence of stablecoins, institutional DeFi, and deflationary economics. It requires patience and a tolerance for volatility, but the potential rewards are transformative. If Hyperliquid executes its vision, HYPE could become a dominant force in decentralized derivatives.

炒作不仅是另一个令牌；这是关于稳定币，机构偏见和放流经济学的融合的戏剧。它需要耐心和对波动性的容忍度，但潜在的奖励是变革性的。如果超流动执行其视力，炒作可能会成为分散衍生物的主要力量。

So, is HYPE the next big thing? Only time will tell, but with its strong fundamentals and strategic positioning, it's definitely one to watch. Get ready to ride the wave – it's gonna be a wild one!

那么，炒作是下一个大事吗？只有时间才能说明，但是凭借其强大的基本原理和战略定位，绝对是值得关注的。准备骑浪潮 - 这将是一个疯狂的人！