超级流动的象征性的throned tron in Fee Generation

在过去的24小时内，加密货币市场发生了令人惊讶的转变，因为高流动体的token dethronrrons在数周内首次获得了收费。

The crypto market saw a surprising shift over the past 24 hours, as Hyperliquid’s token (CRYPTO: HYPE) outperformed Tron (CRYPTO: TRX) in fee generation for the first time in weeks.

在过去的24小时内，加密货币市场发生了令人惊讶的转变，因为超级流动的令牌（加密：炒作）的表现在几周内首次超过了Tron（Crypto：TRX）。

After a long stretch of dominance by Tron, the Hyperliquid Price Surge brought a major shakeup that caught the attention of traders and analysts.

经过Tron的长期统治地位，超级流动的价格飙升引起了交易者和分析师的注意。

With a 4.03% uptick in HYPE’s price and a slight 0.12% dip in TRX, the gap between the two assets has started to widen in favor of Hyperliquid.

炒作价格上涨了4.03％，TRX略有下降0.12％，这两个资产之间的差距已开始扩大，而有利于超流动性。

However, this wasn’t just about price action. Underlying factors such as increased transaction volumes, higher on-chain activity, and growing decentralised exchange (DEX) engagement contributed heavily.

但是，这不仅仅是价格行动。诸如交易量增加，更高的链活动和增长的分散交换（DEX）参与等基本因素造成了很大的贡献。

How Did HYPE Outperform Tron In Fee Generation?

炒作在收费产生中的表现如何胜过Tron？

In the past 24 hours, Hyperliquid set a new benchmark by generating $2 million in fees, while Tron managed $1.9 million.

在过去的24小时内，Hyproliquid通过产生200万美元的费用来树立新的基准，而Tron则管理了190万美元。

Although the $100,000 gap may seem small, it marks a significant change in a market where Tron had previously dominated week after week. This milestone highlights the impact of the ongoing Hyperliquid Price Surge.

尽管100,000美元的差距似乎很小，但它标志着特隆以前一周又一周统治的市场发生了重大变化。这个里程碑凸显了正在进行的超流利价格涨幅的影响。

Transaction volume was a crucial factor. HYPE’s transaction count soared from 296.3 million to 424.5 million, showcasing a vibrant and growing ecosystem. In contrast, Tron’s transactions slightly dipped from 8.5 million to 8.4 million. The momentum was favouring HYPE with a notable spike in network activity.

交易体积是关键因素。 Hype的交易数量从2.963亿升至4.245亿，展示了一个充满活力的生态系统。相比之下，特隆的交易略有从850万幅度下降到840万。这种动力在网络活动中具有明显的尖峰而偏爱炒作。

Did DEX Trading Volumes Influence HYPE’s Rise?

DEX交易量会影响Hype的上升吗？

The decentralized exchange sector also witnessed a major reshuffle. Over the past two days, Tron’s DEX trading volume remained relatively stagnant at $163.6 million.

分散的交换部门还见证了一个重大的改组。在过去的两天中，Tron的DEX交易量仍然相对停滞，为1.636亿美元。

Meanwhile, Hyperliquid’s volume climbed from $153.9 million to an impressive $169.4 million, surpassing Tron. This surge contributed to the overall Hyperliquid Price Surge and strengthened HYPE’s position in the broader crypto market.

同时，Hyproliquid的数量从1.539亿美元攀升至令人印象深刻的1.694亿美元，超过了Tron。这一激增导致了整体超级流动价格上涨，并加强了HYPE在更广泛的加密市场中的地位。

Additionally, spot trading volumes for HYPE also skyrocketed from $6.6 billion to $9.9 billion, almost breaching the $10 billion mark. This near double-digit achievement underscores the rising investor interest surrounding HYPE Price Surge.

此外，炒作的现货交易量也从66亿美元飙升至99亿美元，几乎违反了100亿美元的大关。这一接近两位数的成就强调了围绕炒作价格飙升的投资者兴趣上升。

New User Growth: A Hidden Strength For Hyperliquid

新的用户增长：超流液的隐藏优势

A major factor behind HYPE’s dominance is the protocol’s ability to attract new users. Data shows that Hyperliquid welcomed around 22,100 new unique users during this timeframe.

炒作主导地位的主要因素是该协议吸引新用户的能力。数据表明，在此期间，Hyperliquid欢迎大约22,100个新的唯一用户。

In stark contrast, Tron’s user retention remains low, with an average monthly retention rate of just 4%. The inflow of new participants has contributed to the HYPE Bullish Chart we are witnessing today. This level of organic growth sets a strong foundation for sustained expansion if the trend continues.

相比之下，Tron的用户保留率仍然很低，平均每月保留率仅为4％。新参与者的流入为我们今天目睹的炒作看涨图表做出了贡献。如果趋势继续下去，这种有机增长水平为持续扩张的基础奠定了坚实的基础。

However, not everything is perfect for HYPE, and certain market metrics signal potential vulnerabilities ahead.

但是，并不是一切都适合炒作，某些市场指标表明了未来的潜在漏洞。

Can Hyperliquid Sustain This Lead Over Tron?

超流动性能否维持Tron的这一领先地位？

Despite the ongoing Hyperliquid Price Surge, concerns are rising regarding HYPE’s supply dynamics. The staked Native token metric, which tracks the amount of HYPE locked in staking, has seen a decline.

尽管价格持续的价格涨幅持续，但人们对炒作的供应动态仍在增加。坚固的本地令牌度量标准跟踪锁定炒作的炒作数量，已经有所下降。

From a peak of 429.7 million, it has now fallen to 416.7 million. This means that 13 million HYPE tokens have entered circulation, possibly putting downward pressure on prices.

从4.297亿的峰值开始，现在已降至4.167亿。这意味着1300万个炒作令牌已经进入流通，可能会给价格下降压力。

On the flip side, Tron is quietly strengthening its base. The amount of stablecoins deployed on the Tron network has reached an all-time high of $71.4 billion, showing deep liquidity and investor confidence. This could fuel a rally for TRX and challenge HYPE’s newly gained leadership.

另一方面，特隆正在悄悄地加强其基础。在TRON网络上部署的Stablecoins数量已达到714亿美元的历史最高点，显示出深厚的流动性和投资者的信心。这可能会激发TRX的集会，并挑战Hype新获得的领导能力。

Is The HYPE Real?

炒作是真实的吗？

The Hyperliquid Price Surge has certainly turned heads, positioning HYPE ahead of Tron for the first time in a while. With higher transaction volumes, new user growth, and record DEX activity, HYPE’s momentum appears strong.

超流利的价格飙升肯定转过头，一段时间以来首次将Tron提前定位。随着较高的交易量，新的用户增长和记录DEX活动，HYPE的动量显得很强。

The excitement surrounding the HYPE Bullish Chart suggests that many believe this run is far from over.

围绕炒作看涨图表的兴奋表明，许多人认为这一奔跑还远远没有结束。

However, risks like rising token supply and Tron’s increasing stablecoin reserves cannot be ignored. Whether Hyperliquid can maintain its edge depends heavily on how these factors play out in the coming days.

但是，诸如代币供应和Tron不断增加的稳定储备等风险不可忽视。 Hyperliquid能否维持其优势，在很大程度上取决于这些因素在未来几天的表现。

For now, the Hyperliquid Price Surge offers an exciting chapter in the evolving battle between HYPE and Tron, one that traders will watch closely as the story unfolds.

就目前而言，超流利的价格飙升为炒作和特隆之间不断发展的战斗提供了令人兴奋的一章，随着故事的发展，交易者将密切关注。