Hyperliquid Surpasses Solana in Fully Diluted Valuation
- Hyperliquid’s fully diluted valuation (FDV) reached approximately $54.57 billion, surpassing Solana’s FDV of about $54.22 billion.
- Solana is trading around $86.51 with a circulating market capitalization near $49.99 billion and a total supply of about 577.86 million SOL.
- Hyperliquid’s circulating market capitalization is significantly smaller at approximately $13.28 billion, with a current supply of around 238.39 million HYPE.
- Hunter Horsley noted Hyperliquid leads in revenue generation with $790.55 million, ahead of Solana’s $532.34 million.
- Solana co-founder Anatoly Yakovenko emphasized the focus on Solana’s roadmap rather than competition with Hyperliquid.
The shift in fully diluted valuation highlights the competitive landscape among DeFi platforms as they vie for dominance in application-heavy chains generating significant revenue streams.
