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Hyperliquid Jumps Following Margin Upgrade and 533% Oil Trading Surge

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Hyperliquid Jumps Following Margin Upgrade and 533% Oil Trading Surge

Hyperliquid (HYPE) token is suddenly on fire.

The token jumped to an intraday high near $35 as trading activity exploded on the platform. Volume on its oil perpetuals surged past $1.4 billion, driven by rising geopolitical tensions and wild moves in energy markets.

While most of the crypto market struggled, Hyperliquid actually benefited from the chaos. Traders piled into tokenized oil contracts, pushing daily volume close to $1.39 billion, second only to Bitcoin on the exchange.

Source: ASXN

At the same time, the platform rolled out a major upgrade to its margin system. The new portfolio margin feature is designed to make trading more capital efficient while reducing risk during extreme volatility.

Nansen analyst Nicolai Søndergaard said that dynamic scaling reduces systemic risk, making the platform safer for aggressive positioning on volatile assets.

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The Levels That Change Everything for Hyperliquid (HYPE)

HYPE is still holding strong momentum. The token is up about 5% in the last 24 hours and roughly 120% over the past year. Even while much of the crypto market struggles, the chart continues printing higher lows, keeping the broader uptrend intact.

Right now, the level everyone is watching is $35.28. That recent intraday high is the key resistance. If HYPE manages to close above it on lower timeframes, the chart opens the door toward $38 and potentially the $40 psychological level.

24h7d30d1yAll time

On the downside, $32.50 is the main support. That area has acted as a launchpad during previous pullbacks. If it breaks, the next liquidity zone sits closer to $30. A deeper drop below $28.50 would be needed to truly damage the bullish structure.

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Part of the strength comes from growing activity on the platform itself. Open interest has climbed to around $1.2 billion as traders increasingly use Hyperliquid to trade not just crypto, but also assets like oil during major global events.

As long as trading activity stays elevated, HYPE could keep moving independently from the broader crypto market. But if volume fades, the token may struggle to defend the $32.50 floor.

Discover: The best new crypto in the world

The post Hyperliquid Jumps Following Margin Upgrade and 533% Oil Trading Surge appeared first on Cryptonews.

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Crypto World

Aave Founder Says DAOs Must Evolve

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Aave Founder Says DAOs Must Evolve

Stani Kulechov, the founder of decentralized lending platform Aave, says decentralized autonomous organizations (DAOs) need a rethink, namely, how much tokenholders vote on as opposed to input from leaders.

His comments came in the wake of governance disputes about the future of the protocol.

Kulechov said in an X post on Tuesday that DAOs, in their current form, are “extraordinarily difficult” to operate because of internal conflicts and proposals that can take weeks of forum posts, temperature checks and multiple votes to pass.

DAOs are intended to operate without core leadership, with all decisions made through community consensus; however, average participation rates in DAOs are estimated at 15% to 25%, which can lead to issues such as power centralization and ineffective decision-making.

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“DAOs also become politicized very quickly and it’s easy for voting to become about attention. Participants take sides, lean toward the loudest voices, and form political alliances to get their own proposals passed later,” Kulechov said.

Source: Stani Kulechov

“It can often feel like we took the worst parts of corporate bureaucracy and removed the parts that create accountability in the name of decentralization. But that doesn’t mean DAOs are doomed. They are far from that,” he added.

DAOs should keep what works, leave the rest

Kulechov said the path forward needs to involve DAOs keeping what they “got right” and fixing “what they got wrong.”

He proposes that rules should stay in the code, DAOs typically resolve decisions through smart contracts on a blockchain, the treasury should stay visible to everyone, and token holders should still have input on major decisions.

Related: Vitalik Buterin proposes using AI to strengthen DAO governance

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However, Kulechov argues that going forward, token holders shouldn’t vote on everything, because running the protocol day-to-day requires teams and leaders, not thousands of voters.

“Someone needs to wake up every morning with the full context in their head and make hard calls,” he said.

“The difference is that their decisions and performance are all on-chain and transparent, and token holders can fire the team when objectives are not met. Accountability is verifiable, and that is what separates this from a traditional company. There is no vendor lock-in.”

Aave governance proposals spark exit

Kulechov’s comments come amid a proposal, the “Aave Will Win Framework,” which passed a temperature check on March 1.

Source: Aave

Soon after, a major governance delegate, the Aave Chan Initiative, announced it would wind down its involvement with the Aave DAO over concerns with the governance standards and voting dynamics during the proposal process.

In January, another proposal to transfer control of Aave’s brand assets and intellectual property to its DAO failed, prompting renewed debate within the Aave community over the protocol’s long-term direction and governance structure.

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