Citrini Research Backs Hyperliquid and HYPE as 'Compelling' Investment Idea

Citrini Research has identified Hyperliquid and its associated token HYPE as a 'compelling' idea, according to a recent report. This comes after the firm sparked market concern about AI stocks in February, leading to a brief meltdown.

Hyperliquid is a blockchain-based exchange that enables users to trade perpetual futures of cryptocurrencies and other assets, such as commodities and private stocks. The platform has generated $1.06 billion in annualized fees and approximately $220 billion in 30-day perp volume, according to DeFiLama data.

The report highlights that over 90% of the fees generated by Hyperliquid are redirected into the Assistance Fund, which is used to purchase HYPE on the open market.