Hype is outperforming Bitcoin and the data proves it.

📈 While BTC is up a modest +13.5% YTD, Hyperliquid’s native token has surged over +50.9%.

What’s going on? Let’s unpack 🧵👇

I break down crypto concepts, build interactive tools & share clear dev and market insights

The surge aligns with increasing activity on Hyperliquid’s platform:

More active wallets

Higher volume on perps

Growing user interest from CT & DeFi circles


Meanwhile, Bitcoin has been consolidating giving alt narratives room to run.

So why is Hyperliquid moving like this?

🔹 Built on a custom L1
🔹 Fully onchain orderbook
🔹 Supports perpetuals for trending assets
🔹 Incentivized trader ecosystem
🔹 High-speed performance with low gas fees

It's not just hype, it's utility.

This chart from @Artemis__xyz shows it clearly:

BTC stayed relatively steady all year

Hyperliquid dipped hard in Q1

But from mid-April onward… the breakout began 🚀


The total combined gain? A whopping +64.4%.