{"id":1899,"date":"2025-08-27T05:17:44","date_gmt":"2025-08-26T21:17:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=1899"},"modified":"2025-08-27T05:17:44","modified_gmt":"2025-08-26T21:17:44","slug":"%e9%80%9f%e8%a7%88-hyperliquid%ef%bc%9a%e4%ba%a7%e5%93%81%e7%8e%b0%e7%8a%b6%e3%80%81%e7%bb%8f%e6%b5%8e%e6%a8%a1%e5%9e%8b%e5%8f%8a%e4%bc%b0%e5%80%bc","status":"publish","type":"post","link":"https:\/\/www.yunsiwang.com\/?p=1899","title":{"rendered":"\u901f\u89c8 Hyperliquid\uff1a\u4ea7\u54c1\u73b0\u72b6\u3001\u7ecf\u6d4e\u6a21\u578b\u53ca\u4f30\u503c"},"content":{"rendered":"<h1 class=\"art_tit\">\u901f\u89c8 Hyperliquid\uff1a\u4ea7\u54c1\u73b0\u72b6\u3001\u7ecf\u6d4e\u6a21\u578b\u53ca\u4f30\u503c<\/h1>\n<div class=\"content_text\">\n<p>\u4f5c\u8005\uff1aLawrence Lee<\/p>\n<h2>1.\u5f15\u8a00<\/h2>\n<p>Hyperliquid \u53ef\u8c13\u662f\u8fd1\u671f\u52a0\u5bc6\u5e02\u573a\u9664\u4e86 AI \u548c Meme \u4e4b\u5916\u6700\u5927\u7684\u4eae\u70b9\uff0c\u4e0d\u63a5\u53d7 VC \u6295\u8d44\u3001\u5c06 70% \u7684\u4ee3\u5e01\u5206\u914d\u7ed9\u793e\u533a\u5e76\u5c06\u5168\u90e8\u6536\u5165\u8fd4\u8fd8\u7ed9\u5e73\u53f0\u7528\u6237\u7684\u7b56\u7565\uff0c\u5f15\u53d1\u5e02\u573a\u7684\u5173\u6ce8\uff0c\u5176\u6536\u5165\u76f4\u63a5\u56de\u8d2d HYPE \u7684\u7b56\u7565\u4f7f\u5f97 HYPE \u7684\u6d41\u901a\u5e02\u503c\u8fc5\u901f\u8d85\u8fc7 UNI \u8dfb\u8eab\u52a0\u5bc6\u8d27\u5e01\u524d 25\uff0c\u540c\u65f6\u4e5f\u4f7f\u5f97\u5176\u5e73\u53f0\u4e1a\u52a1\u6570\u636e\u5168\u7ebf\u98d9\u6da8\u3002<\/p>\n<p>\u672c\u6587\u65e8\u5728\u63cf\u8ff0 Hyperliquid \u53d1\u5c55\u7684\u73b0\u72b6\uff0c\u5206\u6790\u5176\u7ecf\u6d4e\u6a21\u578b\uff0c\u5e76\u5bf9\u5f53\u524d HYPE \u7684\u4f30\u503c\u8fdb\u884c\u5206\u6790\uff0c\u5bf9\u300cHYPE \u5230\u5e95\u8d35\u4e0d\u8d35\u300d\u8fd9\u4e2a\u95ee\u9898\u7ed9\u51fa\u4e00\u4e2a\u7b54\u6848\u3002<\/p>\n<p>\u672c\u6587\u4e3a\u7b14\u8005\u622a\u81f3\u53d1\u8868\u65f6\u7684\u9636\u6bb5\u6027\u601d\u8003\uff0c\u672a\u6765\u53ef\u80fd\u53d1\u751f\u6539\u53d8\uff0c\u4e14\u89c2\u70b9\u5177\u6709\u6781\u5f3a\u7684\u4e3b\u89c2\u6027\uff0c\u4ea6\u53ef\u80fd\u5b58\u5728\u4e8b\u5b9e\u3001\u6570\u636e\u3001\u63a8\u7406\u903b\u8f91\u7684\u9519\u8bef\uff0c\u6b22\u8fce\u540c\u4e1a\u4e0e\u8bfb\u8005\u7684\u6279\u8bc4\u548c\u8fdb\u4e00\u6b65\u63a2\u8ba8\uff0c\u4f46\u672c\u6587\u4e0d\u6784\u6210\u4efb\u4f55\u6295\u8d44\u5efa\u8bae\u3002<\/p>\n<p>\u672c\u6587\u4e2d\u76f8\u5f53\u90e8\u5206\u5185\u5bb9\u53c2\u8003\u4e86 ASXN \u5728 9 \u6708\u4efd\u53d1\u5e03\u7684 Hyperliquid \u7814\u62a5\uff0c\u8fd9\u4e5f\u662f\u7b14\u8005\u8bfb\u8fc7\u7684\u6700\u5168\u9762\u6df1\u5165\u7684 Hyperliquid \u7814\u62a5\uff0c\u5982\u679c\u8bfb\u8005\u60f3\u4e86\u89e3\u66f4\u591a\u5173\u4e8e Hyperliquid \u7684\u673a\u5236\u7ec6\u8282\u53ef\u4ee5\u53c2\u8003\u6b64\u7bc7\u7814\u62a5\u3002<\/p>\n<p>\u4ee5\u4e0b\u4e3a\u6b63\u6587\u90e8\u5206\u3002<\/p>\n<h2>2.Hyperliquid \u7684\u4e1a\u52a1\u901f\u89c8<\/h2>\n<p>Hyperliquid \u5f53\u524d\u7684\u4e1a\u52a1\u4e3b\u8981\u5305\u62ec 2 \u90e8\u5206\uff1a\u884d\u751f\u54c1\u4ea4\u6613\u6240\u3001\u73b0\u8d27\u4ea4\u6613\u6240\u3002\u4ed6\u4eec\u672a\u6765\u8fd8\u8ba1\u5212\u63a8\u51fa\u901a\u7528\u7684 EVM\u2014\u2014HyperEVM\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/89143de80781c114a3ab675ded706290.jpg\" \/><\/p>\n<p><em>Hyperliquid \u67b6\u6784 \u6765\u6e90\uff1aASXN<\/em><\/p>\n<h3>2.1 \u884d\u751f\u54c1\u4ea4\u6613\u6240<\/h3>\n<p>\u884d\u751f\u54c1\u4ea4\u6613\u6240\u662f Hyperliquid \u7b2c\u4e00\u4e2a\u4e0a\u7ebf\u7684\u4ea7\u54c1\uff0c\u662f Hyperliquid \u7684\u65d7\u8230\u4ea7\u54c1\uff0c\u5728\u5176\u6574\u4e2a\u4ea7\u54c1\u751f\u6001\u4e2d\u5904\u4e8e\u6838\u5fc3\u5730\u4f4d\u3002<\/p>\n<p>\u5728\u884d\u751f\u54c1\u7684\u6838\u5fc3\u4ea7\u54c1\u673a\u5236\u5c42\u9762\uff0cHyperliquid \u5e76\u6ca1\u6709\u56e0\u4e3a\u94fe\u4e0a\u6027\u80fd\u74f6\u9888\u800c\u91c7\u7528\u5176\u4ed6\u521b\u65b0\u7684\u4ea7\u54c1\u903b\u8f91\uff08\u5982 GMX\u3001SNX \u7b49\uff09\uff0c\u800c\u662f\u4ecd\u7136\u9009\u62e9\u4e86\u4e2d\u592e\u9650\u4ef7\u8ba2\u5355\u7c3f\uff08Central Limit Order Book\uff0cCLOB\uff09\u8fd9\u79cd\u88ab\u5168\u7403\u5404\u79cd\u4ea4\u6613\u6240\u6700\u5e7f\u6cdb\u4f7f\u7528\uff0c\u540c\u65f6\u4e5f\u662f\u6240\u6709\u4ea4\u6613\u7528\u6237\u3001\u505a\u5e02\u5546\u6700\u4e3a\u719f\u6089\u7684\u673a\u5236\uff0c\u5e76\u5728\u6027\u80fd\u65b9\u9762\u4e0b\u5de5\u592b\u3002<\/p>\n<p>\u4ed6\u4eec\u6784\u5efa\u7684\u53bb\u4e2d\u5fc3\u5316\u884d\u751f\u54c1\u4ea4\u6613\u6240\u8fd0\u884c\u5728 Hyperliquid L1 \u4e0a\uff0c\u8fd9\u662f\u4e00\u4e2a\u7531\u5171\u8bc6\u5c42 HyperBFT \u548c\u6267\u884c\u5c42 RustVM \u6784\u6210\u7684 PoS \u94fe\u3002<\/p>\n<p>HyperBFT \u662f Hyperliquid \u56e2\u961f\u5728 Meta \u524d\u533a\u5757\u94fe\u56e2\u961f\u5f00\u53d1\u7684 LibraBFT \u7684\u57fa\u7840\u4e0a\u505a\u4fee\u6539\u7684\u5171\u8bc6\u7b97\u6cd5\uff0c\u6700\u9ad8\u53ef\u4ee5\u652f\u6301 200 \u4e07\u7684 TPS\u3002\u5728\u5e95\u5c42\u7684\u5f3a\u5927\u6027\u80fd\u652f\u6301\u4e0b\uff0cHyperliquid \u5c06\u8ba2\u5355\u7c3f\u548c\u6e05\u7b97\u6240\u7b49\u884d\u751f\u54c1\u4ea4\u6613\u6240\u7684\u6838\u5fc3\u7ec4\u4ef6\u90fd\u4e0a\u94fe\uff0c\u6700\u7ec8\u5f62\u6210\u4e86\u5176\u53bb\u4e2d\u5fc3\u5316\u7684\u884d\u751f\u54c1\u4ea4\u6613\u6240\u67b6\u6784\u3002<\/p>\n<p>\u5bf9\u4e8e\u7ec8\u7aef\u7528\u6237\u800c\u8a00\uff0cHyperliquid \u7684\u4f53\u9a8c\u4e0e Binance \u7b49\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u51e0\u4e4e\u5b8c\u5168\u4e00\u81f4\uff0c\u4e0d\u53ea\u5728\u4ea4\u6613\u4f53\u9a8c\u548c\u4ea7\u54c1\u7ed3\u6784\u5c42\u9762\uff0c\u5728\u4ea4\u6613\u8d39\u7387\u548c\u6298\u6263\u89c4\u5219\u7b49\u65b9\u9762\u4e5f\u540c\u6837\u5982\u6b64\u3002\u548c\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u552f\u4e00\u7684\u533a\u522b\uff0c \u5728\u4e8e Hyperliquid \u65e0\u9700 KYC\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/3bdac726b7e4db18d2c06de50c719b37.jpg\" \/><\/p>\n<p><em>Hyperliquid \u7684\u8d39\u7387\u7ed3\u6784<\/em><\/p>\n<p>\u5728\u4ea4\u6613\u4ea7\u54c1\u4e4b\u5916\uff0cHyperliquid \u4ece\u4ea7\u54c1\u5efa\u7acb\u521d\u59cb\u5c31\u63d0\u4f9b\u4e86 Vault \u7684\u529f\u80fd\uff0cVault \u7c7b\u4f3c\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u91cc\u7684\u300c\u8ddf\u5355\u300d\uff0c\u6240\u6709\u4eba\u90fd\u53ef\u4ee5\u5c06\u8d44\u91d1\u6295\u5165\u5230\u4efb\u610f Vault \u4e2d\uff0c\u7531 Vault \u4e3b\u7406\u4eba\u8fdb\u884c\u6295\u8d44\uff0c\u83b7\u5f97\u6536\u76ca\u4e2d\u4f1a\u6709 10% \u5206\u914d\u7ed9 Vault \u4e3b\u7406\u4eba\uff0c\u540c\u65f6\u4e3a\u4e86\u4fdd\u6301\u5229\u76ca\u4e00\u81f4\u6027\uff0c\u4e3b\u7406\u4eba\u9700\u8981\u4fdd\u8bc1\u81f3\u5c11\u6301\u6709 Vault 5% \u7684\u4efd\u989d\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/9b7a12e91de370f9b555757a574664b4.jpg\" \/><\/p>\n<p><em>\u6765\u6e90\uff1ahyperliquid \u5b98\u7f51<\/em><\/p>\n<p>\u4e0d\u8fc7\u4ece\u76ee\u524d\u7684 TVL \u6765\u770b\uff0c95% \u7684 TVL \u90fd\u5728\u5b98\u65b9\u7684 Vault HLP \u4e2d\u3002<\/p>\n<p>\u4e0e\u4e00\u822c Vault \u4e0d\u540c\u7684\u662f\uff0cHLP \u56e0\u4e3a\u662f\u5b98\u65b9\u7684 Vault\uff0c\u4e8b\u5b9e\u4e0a\u5145\u5f53\u4e86\u5e73\u53f0\u4e0a\u76f8\u5f53\u591a\u4ea4\u6613\u7684\u5bf9\u624b\u65b9\u7684\u89d2\u8272\uff0c\u6240\u4ee5 HLP \u53ef\u4ee5\u83b7\u5f97\u5e73\u53f0\u5404\u7c7b\u8d39\u7528\uff08\u4ea4\u6613\u624b\u7eed\u8d39\u3001\u8d44\u91d1\u8d39\u3001\u6e05\u7b97\u8d39\uff09\u7684\u4e00\u90e8\u5206\u3002\u4ece\u8fd9\u4e2a\u89d2\u5ea6\u6765\u8bf4\uff0cHLP \u4e0e GMX \u7684 GLP \u76f8\u5bf9\u7c7b\u4f3c\uff0c\u533a\u522b\u5728\u4e8e\uff1aGLP \u5145\u5f53\u5e73\u53f0\u4e00\u5207\u4ea4\u6613\u7684\u5bf9\u624b\u65b9\uff0c\u5176\u7b56\u7565\u662f\u88ab\u52a8\u4e14\u516c\u5f00\u7684\uff1b\u800c HLP \u7684\u7b56\u7565\u5219\u662f\u975e\u516c\u5f00\u7684\uff0c\u7528\u6237\u4ea4\u6613\u7684\u5bf9\u624b\u65b9\u53ef\u80fd\u662f HLP \u4e5f\u53ef\u80fd\u662f\u5176\u4ed6\u7528\u6237\uff0c\u540c\u65f6 HLP \u7684\u7b56\u7565\u4e5f\u53ef\u4ee5\u968f\u65f6\u8c03\u6574\u3002<\/p>\n<p>\u4ece 23 \u5e74 7 \u6708\u4e0a\u7ebf\u4ee5\u6765\uff0cHLP \u51e0\u4e4e\u4e00\u76f4\u6301\u6709\u51c0\u7a7a\u5934\u5bf8\uff0c\u4e3a\u6563\u6237\u4ea4\u6613\u63d0\u4f9b\u6d41\u52a8\u6027\uff0c\u5728\u957f\u671f\u7684\u725b\u5e02\u4e2d\u4ee5\u51c0\u7a7a\u5934\u5bf8\u4fdd\u6301\u76c8\u5229\uff0c\u76ee\u524d TVL3.5 \u4ebf\u7f8e\u5143\uff0cPNL \u4e3a 5000 \u4e07\u7f8e\u5143\u3002\u4ece HLP \u603b\u4f53\u7684 PNL \u66f2\u7ebf\u548c 3 \u4e2a\u7b56\u7565\u5730\u5740\u7684 PNL \u6765\u770b\uff0cHyperliquid \u56e2\u961f\u5728\u4f7f\u7528\u624b\u7eed\u8d39\u6765\u7ef4\u6301\u5176 HLP \u76f8\u5bf9\u6b63\u5411\u7684 APR\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/9885351ad1842d29bc904d77da2c5fe8.jpg\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/048c0dea5d3da8d11febd0e351160439.jpg\" \/><\/p>\n<p><em>\u6765\u6e90\uff1aHyperliquid \u5b98\u7f51<\/em><\/p>\n<p>\u4ece\u4ea4\u6613\u91cf\u548c\u6301\u4ed3\u91cf\u6765\u770b\uff0cHyperliquid \u53d1\u5c55\u8fc5\u901f\uff0c\u6700\u8fd1\u4e24\u4e2a\u6708\u5c24\u5176\u5982\u6b64\u3002\u968f\u7740 $HYPE \u7a7a\u6295\u548c\u4ef7\u683c\u7684\u6301\u7eed\u4e0a\u6da8\uff0c\u5e73\u53f0\u7684\u5404\u9879\u6570\u636e\u4e5f\u90fd\u5728 12 \u6708 17-20 \u65e5\u4e4b\u95f4\u8fbe\u5230\u9ad8\u70b9\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/30a710a6fea5e095b501969fb0c62ff7.jpg\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/670767aad617c1a7d18c11d959702ec8.jpg\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/7fc04f48f333d36d940a201c52266f9c.jpg\" \/><\/p>\n<p><em>Hyperliuqid2024 \u5e74\u4ee5\u6765\u7684\u4ea4\u6613\u91cf\u3001\u6301\u4ed3\u91cf\u3001\u4ea4\u6613\u4eba\u6570 \u6765\u6e90\uff1aHyperliquid \u5b98\u7f51<\/em><\/p>\n<p>\u5728\u53bb\u4e2d\u5fc3\u5316\u884d\u751f\u54c1\u5e02\u573a\u9886\u57df\u5185\uff0c\u4ece\u4ea4\u6613\u91cf\u6765\u770b\uff0cHyperliquid \u81ea\u4eca\u5e74 6 \u6708\u5c31\u5360\u636e\u4e86\u9886\u5148\u5730\u4f4d\uff0c\u6700\u8fd1 2 \u4e2a\u6708\u5176\u4ed6\u53bb\u4e2d\u5fc3\u5316\u884d\u751f\u54c1\u4ea4\u6613\u6240\u4e0e Hyperliquid \u7684\u5dee\u8ddd\u8fdb\u4e00\u6b65\u53d8\u5927\uff0c\u76ee\u524d\u5df2\u7ecf\u6709\u4e86\u6570\u91cf\u7ea7\u7684\u5dee\u8ddd\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/7871184d4a94c4708a2bcc051a296723.jpg\" \/><\/p>\n<p><em>\u53bb\u4e2d\u5fc3\u5316\u884d\u751f\u54c1\u4ea4\u6613\u6240\u4ea4\u6613\u91cf\u5360\u6bd4 \u6765\u6e90\uff1aDune<\/em><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/2cb8c24e02ca20439b7d7330dd3d556d.jpg\" \/><\/p>\n<p><em>\u53bb\u4e2d\u5fc3\u5316\u884d\u751f\u54c1\u4ea4\u6613\u6240 7 \u65e5\u4ea4\u6613\u91cf\u6392\u5e8f \u6765\u6e90\uff1aDeFiLlama<\/em><\/p>\n<p>\u4ece\u4f30\u503c\u4ee5\u53ca\u4ea4\u6613\u91cf\u6765\u770b\uff0c\u76ee\u524d Hyperliquid \u66f4\u52a0\u5408\u9002\u7684\u53ef\u6bd4\u5bf9\u8c61\u662f\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/bf19c5421ecd26d684f33446b0acc793.jpg\" \/><\/p>\n<p><em>\u622a\u56fe\u65f6\u95f4:2024-12-28 \u6765\u6e90\uff1aCoingecko<\/em><\/p>\n<p>Hyperliquid \u8fd1\u671f\u6570\u636e\u6709\u660e\u663e\u4e0b\u964d\uff08\u6700\u9ad8\u5355\u65e5\u4ea4\u6613\u91cf 104 \u4ebf\u7f8e\u91d1\uff0c\u6700\u8fd1\u51e0\u65e5\u4ea4\u6613\u91cf\u4e0d\u8db3 50 \u4ebf\u7f8e\u91d1\uff09\uff0c\u4e0d\u8fc7\u5176\u6301\u4ed3\u91cf\u4ecd\u6709 Binance \u7684 10%\uff0c\u4ea4\u6613\u91cf\u5219\u6709 Binance \u7684 6%\uff1b\u6301\u4ed3\u548c\u4ea4\u6613\u91cf\u4e5f\u5927\u6982\u76f8\u5f53\u4e8e Bitget \u548c Bybit15% \u7684\u6c34\u5e73\u3002\u5728\u5176\u70ed\u5ea6\u6700\u9ad8\u65f6\uff0812 \u6708 17-20 \u65e5\uff09\uff0cHyperliquid \u7684\u6301\u4ed3\u91cf\u53ef\u4ee5\u8fbe\u5230 Binance \u7684 12%\uff0c\u4ea4\u6613\u91cf\u8fbe\u5230 Binance \u7684 9%\uff1b\u6301\u4ed3\u91cf\u548c\u4ea4\u6613\u91cf\u6570\u636e\u90fd\u63a5\u8fd1 Bybit \u548c Bitget \u7684 20%\u3002<\/p>\n<p>\u603b\u4f53\u800c\u8a00\uff0cHyperliquid \u7684\u884d\u751f\u54c1\u4ea4\u6613\u6240\u53d1\u5c55\u8fc5\u901f\uff0c\u5728\u53bb\u4e2d\u5fc3\u884d\u751f\u54c1\u4ea4\u6613\u6240\u9886\u57df\u5185\u5df2\u7ecf\u6709\u4e86\u6bd4\u8f83\u5de9\u56fa\u7684\u9886\u5148\u4f18\u52bf\uff0c\u4e0e\u9886\u5148\u7684\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u76f8\u6bd4\uff0c\u5176\u5dee\u8ddd\u4e5f\u5df2\u7ecf\u7f29\u5c0f\u5230 10 \u500d\u4ee5\u5185\u3002<\/p>\n<h3>2.2 \u73b0\u8d27\u4ea4\u6613\u6240<\/h3>\n<p>Hyperliquid \u7684\u73b0\u8d27\u4ea4\u6613\u6240\u540c\u6837\u4e3a\u8ba2\u5355\u7c3f\u5f62\u6001\uff0c\u5728\u4ea7\u54c1\u67b6\u6784\u3001\u8d39\u7528\u6807\u51c6\u65b9\u9762\uff0c\u4e0e\u884d\u751f\u54c1\u4ea4\u6613\u6240\u90fd\u4e00\u81f4\u3002<\/p>\n<p>\u76ee\u524d Hyperliquid \u7684\u73b0\u8d27\u4ea4\u6613\u6240\u53ea\u4e0a\u7ebf\u7b26\u5408 HIP-1 \u6807\u51c6\u7684 Hyperliquid \u7684\u539f\u751f\u8d44\u4ea7\uff0c\u4e0d\u4e0a\u7ebf\u5176\u4ed6\u94fe\u7684\u4ee3\u5e01\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/5da44f5131a657923e051a97e7999e64.jpg\" \/><\/p>\n<p><em>Hyperliquid \u76ee\u524d\u5e02\u503c\u6392\u540d\u9760\u524d\u7684\u73b0\u8d27\u4ee3\u5e01<\/em><\/p>\n<p><strong>HIP-1\uff08\u53bb\u4e2d\u5fc3\u5316\u4e0a\u5e01\uff09<\/strong><\/p>\n<p>HIP-1 \u7c7b\u4f3c ERC-20 \u6216\u8005 SPL-20\uff0c\u662f Hyperliquid \u7f51\u7edc\u7684\u4ee3\u5e01\u6807\u51c6\u3002\u4e0d\u8fc7\u4e0e ERC-20 \u548c SPL-20 \u4e0d\u540c\u7684\u662f\uff0c\u521b\u5efa\u4e00\u4e2a HIP-1 \u7684\u4ee3\u5e01\u7684\u6210\u672c\u662f\u76f8\u5f53\u9ad8\u7684\uff0c\u56e0\u4e3a HIP-1 \u4ee3\u5e01\u7684\u6210\u529f\u521b\u5efa\uff0c\u4e5f\u610f\u5473\u7740\u53ef\u4ee5\u5728 Hyperliquid \u7684\u73b0\u8d27\u4ea4\u6613\u6240\u4e0a\u67b6\u8d44\u683c\u3002<\/p>\n<p>Hyperliquid \u7684 HIP-1 \u4ee5\u8377\u5170\u62cd\u7684\u65b9\u5f0f\u516c\u5f00\u8fdb\u884c\uff0c\u5177\u4f53\u800c\u8a00\uff1a<\/p>\n<p>\u6240\u6709\u4eba\u90fd\u53ef\u4ee5\u53c2\u4e0e\u7ade\u62cd\uff0c\u7ade\u62cd\u7684\u521d\u59cb\u4ef7\u683c\u4e3a\u4e0a\u6b21\u7ade\u62cd\u6210\u4ea4\u4ef7\u683c\u7684 2 \u500d\uff0c\u5e76\u5728 31 \u5c0f\u65f6\u5185\u7ebf\u6027\u5730\u6301\u7eed\u4e0b\u964d\u81f3 10000U\uff08\u8be5\u503c\u53ef\u8c03\uff0c\u6b64\u524d\u66f4\u4f4e\uff0c\u8fd1\u671f\u8c03\u6574\u4e3a 10000U\uff09\uff0c\u7b2c\u4e00\u4e2a\u6210\u529f\u51fa\u4ef7\u7684\u5f00\u53d1\u8005\u5373\u53ef\u83b7\u5f97\u4e00\u4e2a\u521b\u5efa TICKER \u7684\u8d44\u683c\uff0c\u8fd9\u4e2a TICKER \u53ef\u4ee5\u5728 Hyperliquid \u7684\u73b0\u8d27\u4ea4\u6613\u6240\u4e0a\u5e02\uff0c\u7ade\u62cd\u91d1\u989d\u4ee5 USDC \u652f\u4ed8\u3002<\/p>\n<p>\u6700\u8fd1\u7684\u7ade\u62cd\u53ca\u6210\u4ea4\u4ef7\u683c\uff1a<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/52c4337dc558ef6256e4ba179389db90.jpg\" \/><\/p>\n<p><em>\u6765\u6e90\uff1aasxn<\/em><\/p>\n<p>\u5176\u4e2d\u503c\u5f97\u5173\u6ce8\u7684\u5df2\u7ecf\u521b\u5efa\u7684 Ticker \u6709\uff08\u6309\u7167\u62cd\u5356\u91d1\u989d\u964d\u5e8f\uff09\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>GOD\uff1aPantera \u6295\u8d44\u7684\u6e38\u620f<\/p>\n<\/li>\n<li>\n<p>CREAM\uff1a\u88ab\u9ed1\u5ba2\u56f0\u6270\u7684\u8001\u724c\u501f\u8d37\u9879\u76ee Cream\uff0cMachibigbrother \u5173\u8054\u9879\u76ee<\/p>\n<\/li>\n<li>\n<p>ANIME\uff1a\u662f Azuki \u7684 token ticker\uff0c\u4f20\u95fb\u662f AZUKI \u56e2\u961f\u62cd\u5f97\uff0c\u4e0d\u8fc7\u5c1a\u672a\u5f97\u5230\u5b98\u65b9\u786e\u8ba4<\/p>\n<\/li>\n<li>\n<p>MON\uff1a\u6e38\u620f Pixelmoon \u53d1\u884c\u65b9<\/p>\n<\/li>\n<li>\n<p>SWELL\uff1a\u4ee5\u592a\u574a\u751f\u6001\u7684\u8d28\u62bc&amp;\u518d\u8d28\u62bc\u534f\u8bae<\/p>\n<\/li>\n<li>\n<p>RIFT\uff1a\u57fa\u4e8e Virtual \u7684\u6e38\u620f\u534f\u8bae J3ff<\/p>\n<\/li>\n<li>\n<p>GAME\uff1a\u4f20\u95fb\u4e3a\u57fa\u4e8e Virtual \u7684 GAME \u62cd\u5f97\uff0c\u4e0d\u8fc7\u5c1a\u672a\u5f97\u5230\u5b98\u65b9\u786e\u8ba4<\/p>\n<\/li>\n<li>\n<p>ANZ\uff1abase \u94fe\u7684\u7a33\u5b9a\u5e01\u534f\u8bae<\/p>\n<\/li>\n<li>\n<p>SOVRN\uff1a\u5373\u4ee5\u524d\u7684 BreederDAO\uff08\u4e0a\u5468\u671f a16z \u548c Delphi \u6295\u8d44\u7684\u6e38\u620f\u8d44\u4ea7\u5e73\u53f0\uff09\uff0c\u5373\u5c06\u5728 Hyperliquid \u53d1\u5e03\u6e38\u620f<\/p>\n<\/li>\n<li>\n<p>FARM\uff1aHyperliquid \u539f\u751f\u7684 AI \u5ba0\u7269\u6e38\u620f\uff0c\u901a\u8fc7 Hyperfun \u5e73\u53f0\u53d1\u5c04<\/p>\n<\/li>\n<li>\n<p>ETHC\uff1aMachibigbrother \u5173\u8054\u6316\u77ff\u9879\u76ee<\/p>\n<\/li>\n<li>\n<p>SOLV\uff1a\u6bd4\u7279\u5e01\u751f\u6001\u8d28\u62bc\u534f\u8bae\uff0c\u6709 BN labs \u6295\u8d44\uff0c\u76ee\u524d\u5c1a\u672a\u53d1\u5e01\u3002<\/p>\n<\/li>\n<\/ul>\n<p>SOLV \u53ef\u4ee5\u5927\u81f4\u770b\u505a HIP-1 \u62cd\u5356\u7684\u4e00\u4e2a\u5206\u754c\u70b9\uff0c\u6b64\u524d\u5927\u4f53\u4e3a meme \u548c\u57df\u540d\u903b\u8f91\uff0cticker \u591a\u6709\u8c61\u5f81\u610f\u4e49\uff0c\u7092\u4f5c\u91cd\u70b9\u662f\u751f\u6001\u5185\u7684\u552f\u4e00\u6027\u3002<\/p>\n<p>\u800c SOLV \u4e4b\u540e\uff0c\u5219\u5927\u591a\u662f\u9879\u76ee\u65b9\u6765\u62a2\u5360\u751f\u6001\u4f4d&amp;\u4e0a\u5e01\u8d44\u683c\uff0c\u4ef7\u683c\u4e5f\u9010\u6b65\u8d70\u9ad8\uff0c\u6700\u9ad8\u7684 GOD \u62cd\u51fa\u4e86\u8fd1 100 \u4e07\u7f8e\u5143\u3002\u9879\u76ee\u65b9\u5411\u4ee5\u6cdb\u5a31\u4e50\u4e3a\u4e3b\uff0c\u6e38\u620f\u3001NFT \u5360\u5927\u90e8\u5206\uff0c\u4f46\u4e5f\u6709 DeFi \u9879\u76ee\u5982 Solv\u3001Swell \u548c Cream \u7b49\u3002<\/p>\n<p>\u53e6\u5916\u53ef\u4ee5\u770b\u5230\uff0c\u4f5c\u4e3a\u4e00\u4e2a\u4ea4\u6613\u6240\uff0cHyperliquid \u6700\u8fd1\u4e00\u4e2a\u6708\u7684\u73b0\u8d27\u300c\u4e0a\u5e01\u8d39\u300d\u7a33\u5b9a\u5728 10 \u4e07\u7f8e\u91d1\u4ee5\u4e0a\uff0c\u8fd9\u4e0e\u76ee\u524d\u4e00\u4e9b\u4e8c\u7ebf\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u4e0a\u5e01\u8d39\u5df2\u7ecf\u6bd4\u8f83\u63a5\u8fd1\u3002<\/p>\n<p>\u901a\u8fc7 HIP1\uff0cHyperliquid \u5177\u5907\u4e86\u516c\u5f00\u7684\u300c\u53bb\u4e2d\u5fc3\u5316\u4e0a\u5e01\u300d\u7684\u673a\u5236\uff0c\u652f\u4ed8\u7684\u4e0a\u5e01\u8d39\u7528\u7531\u5e02\u573a\u53c2\u4e0e\u8005\u81ea\u884c\u51b3\u5b9a\uff0c\u4e0d\u4f1a\u9047\u5230\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e0a\u5e01\u95ee\u9898\uff0c\u53e6\u4e00\u65b9\u9762\uff0c\u6536\u53d6\u7684\u4e0a\u5e01\u8d39\u4f1a\u88ab\u7528\u4f5c HYPE \u56de\u8d2d\u9500\u6bc1\uff0c\u4e5f\u6709\u5229\u4e8e HYPE \u7684\u4ef7\u683c\u8868\u73b0\u4ee5\u53ca\u4f30\u503c\u6307\u6807\u3002<\/p>\n<p><strong>HIP-2\uff08Hyperliquid \u7684 AMM\uff09<\/strong><\/p>\n<p>\u7531\u4e8e Hyperliquid \u7684\u73b0\u8d27\u4ea4\u6613\u4ee5\u8ba2\u5355\u7c3f\u7684\u5f62\u5f0f\u8fd0\u4f5c\uff0c\u5bf9\u4e8e\u65b0\u5e01\u800c\u8a00\uff0c\u5176\u6d41\u52a8\u6027\u5f88\u96be\u4fdd\u8bc1\uff0cHyperliquid \u63d0\u51fa\u4e86 HIP-2\uff0c\u6765\u89e3\u51b3\u901a\u8fc7 HIP1 \u6240\u521b\u5efa\u4ee3\u5e01\u7684\u521d\u59cb\u6d41\u52a8\u6027\u95ee\u9898\u3002<\/p>\n<p>\u7b80\u5355\u800c\u8a00\uff0cHIP2 \u63d0\u4f9b\u4e86\u4e00\u5957\u81ea\u52a8\u505a\u5e02\u7cfb\u7edf\uff0c\u5141\u8bb8\u5f00\u53d1\u8005\u81ea\u52a8\u505a\u5e02\u901a\u8fc7 HIP-1 \u751f\u6210\u7684\u4ee3\u5e01\uff0c\u505a\u5e02\u903b\u8f91\u4e3a\u533a\u95f4\u5185\u7ebf\u6027\u505a\u5e02\uff0c\u5f00\u53d1\u8005\u6307\u5b9a\u505a\u5e02\u533a\u95f4\u7684\u4ef7\u683c\u4e0a\u4e0b\u9650\uff0c\u4ee5\u53ca\u4e70\u5356\u5206\u754c\u70b9\u3002\u7cfb\u7edf\u81ea\u52a8\u4ee5\u6bcf 0.3% \u7684\u4ef7\u683c\u53d8\u52a8\u4e3a\u4e00\u4e2a\u683c\u5b50\uff0c\u5728\u533a\u95f4\u5185\u81ea\u52a8\u505a\u5e02\u3002<\/p>\n<p>\u4e0b\u56fe\u662f\u4e00\u4e2a\u4f7f\u7528 HIP-2 \u7684\u8ba2\u5355\u7c3f\uff0c\u53ca\u5176\u53c2\u6570\u8bbe\u7f6e\uff1a<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/f6a9861a138598159cb2d1e8f38b519a.jpg\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/b43f313a073b177ac84259cbb506ccd4.jpg\" \/><\/p>\n<p>HIP-2 \u63a8\u51fa\u4e4b\u540e\uff0c\u8bf8\u591a\u65b0\u521b\u5efa\u7684 Hyperliquid \u751f\u6001\u4ee3\u5e01\u90fd\u9009\u62e9\u4f7f\u7528\u8fd9\u5957 Hyperliquid \u7684 AMM \u673a\u5236\u3002\u76ee\u524d HIP-2 \u603b USDC \u91cf\u5df2\u7ecf\u8d85\u8fc7 2500 \u4e07\u7f8e\u5143\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/9a551493b842c9a67bdf92aead4c26cc.jpg\" \/><\/p>\n<p>Hyperliquid \u7684\u6700\u8fd1 30 \u65e5\u65e5\u5747\u73b0\u8d27\u4ea4\u6613\u91cf 4 \u4ebf\u7f8e\u91d1\u5de6\u53f3\uff0c\u5728 DEX \u4e2d\u5c45\u524d\u5341\uff0c\u4e0e Curve\u3001Lifinity \u4ee5\u53ca Orca \u7684\u4ea4\u6613\u91cf\u6bd4\u8f83\u76f8\u8fd1\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/c91e1a7ed7555f2bc05fc8a936e1ff4e.jpg\" \/><\/p>\n<p><em>\u6765\u6e90\uff1aDeFillama<\/em><\/p>\n<h3>2.3 HyperEVM<\/h3>\n<p>HyperEVM \u76ee\u524d\u5c1a\u672a\u4e0a\u7ebf\u3002\u5728 Hyperliquid \u7684\u5b98\u65b9\u6587\u6863\u4e2d\uff0c\u5c06\u5f53\u524d\u884d\u751f\u54c1\u548c\u73b0\u8d27\u4ea4\u6613\u6240\u8fd0\u884c\u7684 RustVM \u79f0\u4e3a Hyperliquid L1\uff0c\u5c06 HyperEVM \u79f0\u4e3a EVM\u3002\u6839\u636e\u5176\u5b98\u65b9\u6587\u6863\u4e2d\u7684\u5b9a\u4e49\uff0cHyperEVM \u5e76\u4e0d\u662f\u4e00\u6761\u72ec\u7acb\u7684\u94fe\uff1a<\/p>\n<p>Hyperliquid L1 \u5177\u6709\u4e00\u4e2a\u901a\u7528 EVM \u4f5c\u4e3a\u533a\u5757\u94fe\u72b6\u6001\u7684\u4e00\u90e8\u5206\u3002\u91cd\u8981\u7684\u662f\uff0cHyperEVM \u4e0d\u662f\u4e00\u4e2a\u72ec\u7acb\u7684\u94fe\uff0c\u800c\u662f\u4e0e L1 \u7684\u5176\u4ed6\u90e8\u5206\u4e00\u6837\uff0c\u7531\u76f8\u540c\u7684 HyperBFT \u5171\u8bc6\u673a\u5236\u6765\u4fdd\u969c\u5b89\u5168\u3002\u8fd9\u4f7f\u5f97 EVM \u80fd\u591f\u76f4\u63a5\u4e0e L1 \u7684\u672c\u5730\u7ec4\u4ef6\u4ea4\u4e92\uff0c\u4f8b\u5982\u73b0\u8d27\u548c\u6c38\u7eed\u8ba2\u5355\u7c3f\u3002<\/p>\n<p>ASXN \u62a5\u544a\u7528\u4e0b\u56fe\u63cf\u8ff0 Hyperliquid \u7684\u67b6\u6784\uff1a<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/89143de80781c114a3ab675ded706290.jpg\" \/><\/p>\n<p>Hyperliquid \u5728\u4e00\u4e2a\u5171\u8bc6\u5c42\uff08HyperBFT\uff09\u4e0a\u642d\u8f7d\u4e24\u5957\u6267\u884c\u5c42\uff08RustVM \u548c HyperEVM\uff09\uff0c\u5176\u5408\u7ea6\u548c\u73b0\u8d27\u7684\u6838\u5fc3\u529f\u80fd\u642d\u8f7d\u5728 RustVM \u4e0a\uff0c\u800c RustVM \u4e5f\u5c06\u4e13\u6ce8\u4e8e\u8fd9\u4e24\u4e2a\u6838\u5fc3 dAPP\uff0c\u5176\u4f59\u7684 dAPP \u5219\u642d\u8f7d\u5728 HyperEVM \u4e4b\u4e0a\u3002<\/p>\n<p>\u800c\u5173\u4e8e HyperEVM\uff0c\u6839\u636e\u56e2\u961f\u7684\u6587\u6863\u6211\u4eec\u77e5\u9053\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u4e0e Hyperliquid \u76ee\u524d\u73b0\u8d27\u548c\u4ea4\u6613\u6240\u6240\u5728\u7684 RustVM \u4e0d\u540c\uff0cHyperEVM \u662f\u514d\u8bb8\u53ef\u7684\uff0c\u610f\u5473\u7740\u4efb\u4f55\u5f00\u53d1\u8005\u90fd\u53ef\u4ee5\u5728\u5176\u4e0a\u5f00\u53d1\u5e94\u7528\u3001\u53d1\u884c\u8d44\u4ea7\uff08FT \u6216 NFT\uff09<\/p>\n<\/li>\n<li>\n<p>HyperEVM \u4e0e Hyperliquid \u7684 L1 \u5177\u6709\u4e92\u64cd\u4f5c\u6027\uff0c\u5982 L1 \u7684\u9884\u8a00\u673a\u5c31\u53ef\u4ee5\u4f9b HyperEVM \u4f7f\u7528\uff0c\u540c\u65f6\u90e8\u5206\u5e01\u79cd\u7684\u8f6c\u8d26\u4e5f\u53ef\u4ee5\u5728\u4e24\u4e2a VM \u4e4b\u95f4\u4e92\u901a\u3002\uff08\u65e0\u6cd5\u5168\u90e8\u4e92\u901a\uff0c\u56e0\u4e3a L1 \u4e0a\u7684\u8d44\u4ea7\u662f\u300c\u8bb8\u53ef\u300d\u7684\uff0c\u53ea\u5305\u542b USDC \u548c\u901a\u8fc7 HIP-1 \u751f\u6210\u7684\u8d44\u4ea7\uff0c\u800c HyperEVM \u7684\u8d44\u4ea7\u8981\u591a\u7684\u591a\uff09<\/p>\n<\/li>\n<li>\n<p>HyperEVM \u5c06\u4f1a\u4f7f\u7528 Hyperliquid \u7684\u539f\u751f\u4ee3\u5e01 $HYPE \u4f5c\u4e3a Gas\uff0c\u800c Hyperliquid \u76ee\u524d\u7684 L1 \u5e76\u4e0d\u9700\u8981\u7528\u6237\u652f\u4ed8 Gas\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u7b14\u8005\u6b64\u524d\u5e76\u672a\u89c1\u8fc7\u52a0\u5bc6\u4e16\u754c\u4e2d\u6709\u7c7b\u4f3c\u7684\u4ea7\u54c1\u67b6\u6784\uff0c\u6211\u4eec\u4e5f\u5c1a\u4e0d\u6e05\u695a\u5728\u76ee\u524d\u7684\u67b6\u6784\u4e0b\uff0c\u7c7b\u4f3c\u4ee5\u592a\u574a\u7f51\u7edc\u4e0a DeFi \u53ef\u7ec4\u5408\u6027\u7684\u5178\u578b\u6848\u4f8b\u300c\u5c06 ETH \u5b58\u5165 Lido \u83b7\u5f97 stETH\uff0c\u518d\u5c06 stETH \u5b58\u5165 Aave \u501f\u51fa USDC\uff0c\u7136\u540e\u4f7f\u7528 USDC \u4e70\u5165 Meme token PEPE\u300d\u5728 HyperEVM \u548c Hyperliquid L1 \u4e0a\u5230\u5e95\u5982\u4f55\u5b9e\u73b0\uff08\u8fd9\u53ef\u80fd\u662f\u754c\u5b9a\u5230\u5e95\u662f\u4e00\u6761\u94fe\u8fd8\u662f\u4e24\u6761\u94fe\u7684\u6807\u51c6\uff09\uff0c\u4e0d\u8fc7\u5728\u7b14\u8005\u76ee\u524d\u7684\u7406\u89e3\u4e2d\uff0cHyperEVM \u4e0e Hyperliquid L1 \u7684\u5173\u7cfb\u53ef\u80fd\u66f4\u52a0\u7c7b\u4f3c\u300c\u5177\u5907\u4e00\u5b9a\u4e92\u64cd\u4f5c\u6027\u7684 L2 \u4e0e L1\u300d\u7684\u5173\u7cfb\uff0c\u6216\u8005\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e0e\u5176\u4ea4\u6613\u6240 EVM \u94fe\uff08\u5982 Binance \u4e0e BNB Chain \u6216 Coinbase \u4e0e Base Chain \u7684\u5173\u7cfb\uff09<\/p>\n<p>\u76ee\u524d HyperEVM \u6d4b\u8bd5\u7f51\u5df2\u7ecf\u6b63\u5e38\u8fd0\u884c\u4e2d\uff0c\u5df2\u7ecf\u6709\u4e0d\u5c11\u9a8c\u8bc1\u8005\u5f00\u59cb\u53c2\u4e0e HyperEVM \u7684\u6d4b\u8bd5\u7f51\u9a8c\u8bc1\uff0c\u6bd4\u8f83\u51fa\u540d\u7684\u5305\u62ec Chorus One\u3001Figment\u3001B Harvest\u3001Nansen \u7b49\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/44859a752c45802bf6663a84c4ce6557.jpg\" \/><\/p>\n<p><em>HyperEVM \u6d4b\u8bd5\u7f51\u9a8c\u8bc1\u8282\u70b9\u5217\u8868 \u6765\u6e90\uff1aASXN<\/em><\/p>\n<p>\u7531\u4e8e RustVM \u5e76\u4e0d\u5f00\u653e\u7ed9\u6240\u6709\u5f00\u53d1\u8005\uff0c\u76ee\u524d\u57fa\u4e8e Hyperliquid \u7684 RustVM \u5f00\u53d1\u7684\u5e94\u7528\u8f83\u5c11\uff0c\u591a\u4e3a\u4ea4\u6613\u8f85\u52a9\u5de5\u5177\uff1a<\/p>\n<p>\u5982 Telegram \u4ea4\u6613\u673a\u5668\u4eba Hyperfun\uff08\u4ee3\u5e01 HFUN\uff09\u3001Telegram \u793e\u4ea4\u4ea4\u6613\u673a\u5668\u4eba pvp.trade\u3001\u4ea4\u6613\u7ec8\u7aef tealstreet \u548c Insilico\uff0c\u4ee5\u53ca\u884d\u751f\u54c1\u4ea4\u6613\u805a\u5408\u5668 Ragetrade \u7b49\u3002<\/p>\n<p>\u800c HyperEVM \u5411\u5168\u90e8\u5f00\u53d1\u8005\u5f00\u653e\uff0c\u8ba1\u5212\u5728 HyperEVM \u4e0a\u53d1\u5e03\u7684\u9879\u76ee\u4f17\u591a\uff0c\u9664\u4e86\u6211\u4eec\u4e0a\u6587\u63d0\u5230\u7684\u90e8\u5206\u6210\u529f\u83b7\u5f97 HIP-1 \u4ee3\u5e01\u7684\u9879\u76ee\u4e4b\u5916\uff0c\u4e0b\u56fe\u548c Hypurr.co \u7f51\u7ad9\u90fd\u5217\u51fa\u4e86\u76f8\u5f53\u7684\u90e8\u5206\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/31059a710993272a979431f325615907.jpg\" \/><\/p>\n<p>HyperEVM \u5177\u4f53\u673a\u5236\u4ee5\u53ca\u4e0e Hyperliquid L1 \u7684\u5173\u7cfb\uff0c\u6211\u4eec\u4ecd\u9700\u7b49\u5f85\u5176\u6b63\u5f0f\u4e0a\u7ebf\u624d\u89c1\u5206\u6653\u3002\u76ee\u524d\u5b98\u65b9\u5c1a\u6ca1\u6709\u7ed9\u51fa HyperEVM \u7684\u8ba1\u5212\u4e0a\u7ebf\u65f6\u95f4\u3002<\/p>\n<p>\u5c0f\u7ed3\uff1aHyperliquid \u76ee\u524d\u7684\u6574\u4f53\u5546\u4e1a\u5b9a\u4f4d\u4e0e\u5934\u90e8\u4ea4\u6613\u96c6\u56e2\u7c7b\u4f3c\uff0c\u5176\u6838\u5fc3\u4e1a\u52a1\u4e3a\u4ea4\u6613  L1 \u8fd0\u8425\uff0c\u5df2\u7ecf\u6210\u4e3a\u5404\u5927\u4ea4\u6613\u96c6\u56e2\u7684\u76f4\u63a5\u7ade\u54c1\u3002\u867d\u7136\u5546\u4e1a\u6a21\u5f0f\u4e00\u81f4\uff0c\u4f46\u4e0e\u73b0\u6709\u5934\u90e8\u4ea4\u6613\u96c6\u56e2\u76f8\u6bd4\uff0cHyperliquid \u4e0d\u540c\u7684\u662f\u5176\u9009\u62e9\u5728\u94fe\u4e0a\u6784\u5efa\u5176\u4ea4\u6613\u4e1a\u52a1\uff0c\u76f8\u6bd4\u9700\u8981\u8bb8\u53ef\u4e14\u6570\u636e\u4e0d\u900f\u660e\u7684 CEX\uff0cHyperliquid \u7684\u4ea4\u6613\u5e73\u53f0\u7684\u4f18\u52bf\u5728\u4e8e\u65e0\u8bb8\u53ef\u6027\u7684\u8bbf\u95ee\uff08\u65e0\u9700 KYC\uff09\u3001\u4e1a\u52a1\u6570\u636e\u900f\u660e\u53ef\u9a8c\u8bc1\uff0c\u66f4\u597d\u7684\u53ef\u7ec4\u5408\u6027\uff0c\u4ee5\u53ca\u66f4\u4f4e\u7684\u7efc\u5408\u8fd0\u8425\u6210\u672c\uff0c\u8fd9\u4e5f\u8ba9\u5176\u6709\u80fd\u529b\u5c06\u6536\u5165\u548c\u5229\u6da6\u66f4\u591a\u5730\u8f93\u9001\u7ed9\u5176\u4ee3\u5e01 HYPE\u3002<\/p>\n<h2>3. Hyperliquid \u56e2\u961f\u3001\u4ee3\u5e01\u7ecf\u6d4e\u6a21\u578b\u548c\u4f30\u503c<\/h2>\n<h3>3.1 \u56e2\u961f<\/h3>\n<p>Hyperliquid \u6709\u4e24\u4f4d\u8054\u5408\u521b\u59cb\u4eba Jeff Yan\u00a0\u548c\u00a0iliensinc\uff0c\u4ed6\u4eec\u662f\u54c8\u4f5b\u5927\u5b66\u7684\u6821\u53cb\uff0c\u5728\u8fdb\u5165\u52a0\u5bc6\u884c\u4e1a\u4e4b\u524d\uff0cJeff \u5728\u8c37\u6b4c\u548c\u54c8\u5fb7\u900a\u6cb3\u4ea4\u6613\u516c\u53f8\u5de5\u4f5c\u8fc7\u3002Hyperliquid \u56e2\u961f\u76f8\u5f53\u7cbe\u7b80\uff0c\u6839\u636e ASXN9 \u6708\u7684\u62a5\u544a\uff0c\u56e2\u961f\u6210\u5458\u5171 10 \u4eba\uff0c\u5176\u4e2d 5 \u4eba\u662f\u5de5\u7a0b\u5e08\uff0c\u5bf9\u4e8e\u4e00\u4e2a\u65e5\u4ea4\u6613\u91cf\u7834\u767e\u4ebf\u7684\u884d\u751f\u54c1\u4ea4\u6613\u6240\u800c\u8a00\u5c24\u4e3a\u5982\u6b64\u3002<\/p>\n<p>\u4ece Hyperliquid \u56e2\u961f\u76ee\u524d\u6784\u5efa\u7684\u6574\u4e2a\u4ea7\u54c1\u7684\u8fc7\u7a0b\uff0c\u5c24\u5176\u662f\u4ed6\u4eec\u575a\u6301\u81ea\u6709\u8d44\u91d1\u7814\u53d1\u3001\u81ea\u5efa\u9ad8\u6027\u80fd\u94fe\u5b9e\u73b0\u5b8c\u5168\u7684\u94fe\u4e0a\u8ba2\u5355\u7c3f\u4ee5\u53ca\u6781\u5177\u521b\u65b0\u6027\u7684 HIP-1 \u6765\u770b\uff0c\u56e2\u961f\u5c3d\u7ba1\u4eba\u5458\u7cbe\u7b80\uff0c\u5176\u603b\u662f\u57fa\u4e8e\u7b2c\u4e00\u6027\u539f\u7406\u6765\u89e3\u51b3\u95ee\u9898\u7684\u80fd\u529b\u8ba9\u4eba\u5370\u8c61\u6df1\u523b\u3002<\/p>\n<h3>3.2 $HYPE \u7ecf\u6d4e\u6a21\u578b<\/h3>\n<p>$HYPE \u603b\u91cf\u4e3a 10 \u4ebf\u679a\uff0c\u4e8e 2024 \u5e74 11 \u6708 29 \u65e5\u6b63\u5f0f\u53d1\u5e03\uff0c\u7531\u4e8e\u6ca1\u6709\u878d\u8d44\u6240\u4ee5\u6ca1\u6709\u6295\u8d44\u4eba\u4efd\u989d\uff0c\u5177\u4f53\u5206\u914d\u5982\u4e0b\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>31.0% \u521b\u4e16\u5206\u914d\uff0c\u6309\u7167\u79ef\u5206\u6570\u91cf\u7a7a\u6295\u7ed9\u4e86 Hyperliquid \u7684\u65e9\u671f\u7528\u6237\uff0c\u5b8c\u5168\u6d41\u901a\u3002<\/p>\n<\/li>\n<li>\n<p>38.888% \u7528\u4e8e\u672a\u6765\u6392\u653e\u548c\u793e\u533a\u5956\u52b1<\/p>\n<\/li>\n<li>\n<p>23.8% \u5206\u914d\u7ed9\u56e2\u961f\uff0c\u9501\u5b9a 1 \u5e74\u540e\u5f00\u59cb\u91ca\u653e\uff0c\u5927\u90e8\u5206\u5728 2027-2028 \u5e74\u4e4b\u95f4\u5b8c\u6210\u91ca\u653e\uff0c\u90e8\u5206\u5c06\u5728 2028 \u5e74\u4e4b\u540e\u7ee7\u7eed\u91ca\u653e<\/p>\n<\/li>\n<li>\n<p>6.0% Hyper Foundation<\/p>\n<\/li>\n<li>\n<p>0.3% community grants<\/p>\n<\/li>\n<li>\n<p>0.012% HIP-2<\/p>\n<\/li>\n<\/ul>\n<p>\u56e2\u961f\u548c\u793e\u533a\u603b\u4f53\u6309\u7167 3:7 \u7684\u6bd4\u4f8b\u5206\u914d\u3002\u5f53\u524d\u6301\u5e01\u5730\u5740\u60c5\u51b5\u5982\u4e0b\uff1a<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/1be96839b81140b76e084a72c3baebf6.jpg\" \/><\/p>\n<p>\u9664\u53bb\u793e\u533a\u5730\u5740\u3001\u56e2\u961f\u5730\u5740\u548c\u57fa\u91d1\u4f1a\u5730\u5740\u4e4b\u5916\uff0c\u76ee\u524d\u6301\u5e01\u6700\u591a\u7684\u5730\u5740\u662f\u63f4\u52a9\u57fa\u91d1\uff08Assistance Fund\uff0c\u4e0b\u6587\u7528 AF \u4ee3\u66ff\uff09\uff0c\u5171\u6301\u6709 HYPE \u603b\u91cf\u7684 1.16%\uff0c\u6d41\u901a\u91cf\u7684 3.74%\u3002<\/p>\n<p>\u76ee\u524d\uff0cHyperliquid \u5168\u751f\u6001\u4e2d\u6d89\u53ca\u5230\u6536\u8d39\u7684\u90e8\u5206\u6709\u4e24\u90e8\u5206\uff1a\u4ea4\u6613\u8d39\u7528\u548c HIP-1 \u62cd\u5356\u8d39\u7528\u3002\u4ea4\u6613\u8d39\u7528\u5305\u62ec\u73b0\u8d27\u548c\u5408\u7ea6\u7684\u4ea4\u6613\u624b\u7eed\u8d39\u3001\u5408\u7ea6\u8d44\u91d1\u8d39\u3001\u5408\u7ea6\u6e05\u7b97\u624b\u7eed\u8d39\u3002\u7531\u4e8e Hyperliquid L1 \u5e76\u4e0d\u5411\u7528\u6237\u6536\u53d6 Gas \u8d39\uff0cHyperEVM \u4e5f\u5c1a\u672a\u4e0a\u7ebf\uff0c\u6240\u4ee5 Hyperliquid \u76ee\u524d\u7684\u6536\u5165\u5e76\u4e0d\u5305\u542b\u4ea4\u6613 gas \u8d39\u3002<\/p>\n<p>\u6839\u636e\u56e2\u961f\u5728\u6587\u6863\u4e2d\u7684\u8bf4\u6cd5\uff1a<\/p>\n<p>On most other protocols, the team or insiders are the main beneficiaries of fees.\u00a0On Hyperliquid, fees are entirely directed to the community (HLP and the assistance fund). For security, the assistance fund holds a majority of its assets in HYPE, which is the most liquid native asset on the Hyperliquid L1.<\/p>\n<p>\u5728\u5927\u591a\u6570\u5176\u4ed6\u534f\u8bae\u4e2d\uff0c\u56e2\u961f\u6216\u5185\u90e8\u4eba\u58eb\u662f\u8d39\u7528\u7684\u4e3b\u8981\u53d7\u76ca\u8005\u3002\u5728 Hyperliquid, \u8d39\u7528\u5b8c\u5168\u5f52\u4e8e\u793e\u533a\uff08HLP \u548c\u63f4\u52a9\u57fa\u91d1\uff09\u3002\u63f4\u52a9\u57fa\u91d1\u5c06\u5176\u5927\u90e8\u5206\u8d44\u4ea7\u6301\u6709\u5728 HYPE\uff0c\u56e0\u4e3a\u8fd9\u662f Hyperliquid L \u4e0a\u6700\u6d41\u52a8\u7684\u539f\u751f\u8d44\u4ea7\u3002<\/p>\n<p>\u6240\u6709\u7684\u8d39\u7528\u5168\u90e8\u5f52\u5c5e\u4e8e HLP \u548c AF\u3002\u4e0d\u8fc7\u56e2\u961f\u5e76\u6ca1\u6709\u660e\u786e\u544a\u77e5\u8d39\u7528\u5728 HLP \u548c AF \u4e4b\u95f4\u7684\u6bd4\u4f8b\u3002<\/p>\n<p>\u4e0d\u8fc7\u597d\u5728 Hyperliquid L1 \u7684\u6570\u636e\u90fd\u662f\u516c\u5f00\u53ef\u67e5\u7684\uff0c\u6839\u636e\u00a0@stevenyuntcap \u7684\u63a8\u6d4b\u903b\u8f91\uff0c\u622a\u6b62 12 \u6708\u521d\u7684\u6570\u636e\uff0cHyperliquid \u81ea\u4e0a\u7ebf\u4ee5\u6765\uff0c\u7d2f\u8ba1\u8865\u8d34 HLP 4400 \u4e07\u7f8e\u5143\uff0c\u800c\u521d\u59cb AF \u7528\u4e8e\u8d2d\u4e70 HYPE \u7684\u8d44\u91d1\u4e3a 5200 \u4e07\u7f8e\u5143\uff0c\u53ef\u4ee5\u5f97\u51fa Hyperliquid \u81ea\u4ece\u4e0a\u7ebf\u81f3 12 \u6708\u521d\u7684\u7d2f\u8ba1\u6536\u5165\u4e3a 9600 \u4e07\u7f8e\u5143\uff0c\u5373\u534f\u8bae\u603b\u6536\u5165\u5728 HLP \u548c AF \u7684\u5206\u914d\u6bd4\u4f8b\u4e3a 46%\uff1a54%\u3002\uff08\u53e6\u5916\uff0c\u6211\u4eec\u4e5f\u53ef\u4ee5\u7528\u8fd9\u6bb5\u65f6\u95f4 Hyperliquid \u7d2f\u8ba1\u7684\u4ea4\u6613\u91cf 4280 \u4ebf\u7f8e\u5143\uff0c\u6765\u6298\u7b97\u51fa Hyperliquid \u534f\u8bae\u7684\u5e73\u5747\u5408\u7ea6\u8d39\u7387\u4e3a 0.0225% \u5de6\u53f3\uff09\u3002<\/p>\n<p>\u7531\u4e8e\u76ee\u524d AF \u7684 USDC \u5168\u90e8\u56de\u8d2d\u4e86 HPYE\uff0c\u6240\u4ee5\u6211\u4eec\u53ef\u4ee5\u7b80\u5316\u4e3a\uff0cHyperliquid \u6b64\u671f\u95f4\u7684\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u6536\u5165\u7684 46% \u5206\u914d\u7ed9\u4e86\u4f9b\u7ed9\u7aef\uff08HLP \u6301\u6709\u4eba\uff09\uff0c54% \u7528\u4e8e\u56de\u8d2d $HYPE \u4ee3\u5e01\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u9664\u4e86\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u8d39\u7528\u4e4b\u5916\uff0cHyperliquid \u6b64\u540e\u8fd8\u6709\u4e24\u90e8\u5206\u6536\u5165\u4f1a\u4f7f\u5f97 HYPE \u6301\u6709\u4eba\u53d7\u76ca\uff1a\u6765\u81ea HIP-1 \u7684\u62cd\u5356\u8d39\u7528\u4ee5\u53ca\u73b0\u8d27\u4ea4\u6613\u624b\u7eed\u8d39\u4e2d USDC \u7684\u90e8\u5206\uff0c\u76ee\u524d\u8fd9\u4e24\u90e8\u5206\u6536\u5165\u540c\u6837\u5168\u90e8\u8fdb\u5165 AF \u5bf9 HYPE \u8fdb\u884c\u56de\u8d2d\uff08\u53e6\u5916\u4e5f\u5305\u542b HYPE-USDC \u73b0\u8d27\u4ea4\u6613\u624b\u7eed\u8d39\u4e2d\u7684 HYPE \u90e8\u5206\uff0c\u8be5\u90e8\u5206\u76ee\u524d\u76f4\u63a5\u9500\u6bc1\uff0c\u7d2f\u8ba1\u9500\u6bc1 HYPE \u6570\u91cf 11 \u4e07\u679a\uff09\u3002<\/p>\n<p>\u76ee\u524d AF \u7684\u7b56\u7565\u4ecd\u7136\u662f\u5b9a\u671f\u5c06\u79ef\u7d2f\u7684\u5168\u90e8 USDC \u8d2d\u4e70\u4e3a HYPE\uff0c\u56e0\u800c\u6211\u4eec\u53ef\u4ee5\u7b80\u5316\u7684\u6839\u636e AF USDC \u6d41\u5165\u6570\u636e\u6765\u8ddf\u8e2a Hyperliquid \u7684\u5229\u6da6\u60c5\u51b5\uff0c\u4ee5\u53ca\u5bf9 HYPE \u7684\u56de\u8d2d\u529b\u5ea6\u3002\u6839\u636e hyperdata.info \u7684\u6570\u636e\uff0c\u76ee\u524d AF \u7d2f\u8ba1 USDC \u6d41\u5165\u8d85\u8fc7 7700 \u4e07\u7f8e\u5143\uff0c\u6700\u8fd1\u4e00\u4e2a\u6708\u8d85\u8fc7 2500 \u4e07\u7f8e\u5143\uff0c\u65e5\u5747\u56de\u8d2d\u7ea6 100 \u4e07\u7f8e\u5143\u7684 HYPE\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/0d7d874427c774fc60009d4e41344b5d.jpg\" \/><\/p>\n<p>2024 \u5e74 12 \u6708 30 \u65e5\uff0cHyperliquid \u6b63\u5f0f\u4e0a\u7ebf\u4e86 HYPE \u8d28\u62bc\u529f\u80fd\uff0c\u76ee\u524d\u7684 HYPE \u8d28\u62bc\u7684\u6536\u76ca\u7387\u5927\u6982\u5728 2.5% \u5de6\u53f3\uff0c\u8fd9\u90e8\u5206\u6536\u76ca\u4ec5\u5305\u62ec\u56fa\u5b9a\u7684 PoS \u5171\u8bc6\u5c42\u6536\u76ca\uff0c\u5176\u6536\u76ca\u7387\u5171\u8bc6\u53c2\u8003\u4e86\u4ee5\u592a\u574a\u5171\u8bc6\u5c42\u7684\u6536\u76ca\u7387\u5171\u8bc6\uff08\u6536\u76ca\u7387\u4e0e\u8d28\u62bc HYPE \u6570\u91cf\u7684\u5e73\u65b9\u6210\u53cd\u6bd4\uff09\uff0c\u76ee\u524d\u9664\u4e86\u56e2\u961f\u548c\u57fa\u91d1\u4f1a\u7684 3 \u4ebf\u679a\u4ee3\u5e01\u4e4b\u5916\uff0c\u4e5f\u6709\u63a5\u8fd1 3000 \u4e07\u7684\u7528\u6237\u4ee3\u5e01\u53c2\u4e0e\u4e86\u8d28\u62bc\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/1191a953c0951f25b596e7cf7fac060a.jpg\" \/><\/p>\n<p>\u5c55\u671b\u672a\u6765\uff0cHYPE \u7684\u7ecf\u6d4e\u6a21\u578b\u672a\u6765\u4ecd\u6709\u4e0d\u5c11\u7684\u8c03\u6574\u53ef\u80fd\uff0c\u5982\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>HyperEVM \u4e0a\u7ebf\uff0c<\/p>\n<\/li>\n<li>\n<p>$HYPE \u7528\u4f5c HyperEVM \u7684 gas<\/p>\n<\/li>\n<li>\n<p>\u6267\u884c\u5c42\u6536\u76ca\u5206\u914d\u7ed9 HYPE \u8d28\u62bc\u8005\uff08\u76ee\u524d\u7684 HYPE \u8d28\u62bc\u6536\u76ca\u53ea\u5305\u62ec\uff09<\/p>\n<\/li>\n<li>\n<p>\u624b\u7eed\u8d39\u518d\u5206\u914d\u7ed9 $HYPE \u6301\u6709\u4eba<\/p>\n<\/li>\n<li>\n<p>$HYPE \u8d28\u62bc\u624b\u7eed\u8d39\u6253\u6298<\/p>\n<\/li>\n<\/ul>\n<h3>3.3 \u4f30\u503c<\/h3>\n<p>\u4e0b\u9762\u6211\u4eec\u5c06\u63a2\u8ba8\u4ee5\u4e0b 2 \u79cd\u5bf9 Hyperliquid \u7684\u4f30\u503c\u6846\u67b6\uff0c\u5728\u5f00\u59cb\u4e4b\u524d\uff0c\u9700\u8981\u6307\u51fa\u7684\u662f\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>Hyperliquid \u672c\u8eab\u7684\u6570\u636e\u53d8\u52a8\u6781\u5927\u2013\u5176\u5e02\u503c\u3001TVL\u3001\u6536\u5165\u3001\u7528\u6237\u6570\u636e\u7b49\uff0c\u6700\u8fd1 1 \u4e2a\u6708\u90fd\u5728\u539f\u672c\u7684\u57fa\u7840\u4e0a\u6709\u4e86\u6570\u500d\u4e43\u81f3\u6570\u5341\u500d\u7684\u6da8\u5e45\uff0c\u800c\u540e\u53c8\u6709 50% \u7684\u56de\u64a4\uff0c\u5176\u672c\u8eab\u6307\u6807\u53d8\u52a8\u7684\u5267\u70c8\u7a0b\u5ea6\uff0c\u90fd\u8fdc\u80dc\u4e8e\u6211\u4eec\u4e0b\u5217\u6240\u5217\u7684\u4f30\u503c\u6307\u6807\u6240\u663e\u793a\u7684\u5bf9\u6bd4\u3002\u4ee5\u4e0b\u7684\u4f30\u503c\u6846\u67b6\u66f4\u5408\u9002\u7528\u4f5c\u957f\u671f\u7684\u4f30\u503c\u53c2\u8003\u3002<\/p>\n<\/li>\n<li>\n<p>HYPE \u4ef7\u683c\u76ee\u524d\u662f Hyperliquid \u6700\u5927\u7684\u57fa\u672c\u9762\uff0c\u5176\u5404\u9879\u6570\u636e\u7684\u98d9\u6da8\uff0c\u66f4\u591a\u7684\u662f HYPE \u4ef7\u683c\u4e0a\u5347\u7684\u7ed3\u679c\uff0c\u800c\u4e0d\u662f\u300c\u56e0\u4e3a Hyperliquid \u6709\u4e86\u8fd9\u4e48\u597d\u7684\u6570\u636e\uff0c\u624d\u6709\u4e86\u8fd9\u6837\u7684\u4ef7\u683c\u300d\u3002<\/p>\n<\/li>\n<\/ul>\n<p><strong>\u6846\u67b6 1: \u5bf9\u6bd4 BNB<\/strong><\/p>\n<p>Hyperliquid \u6700\u4e3b\u8981\u7684 Thesis \u662f messari \u63d0\u51fa\u7684\u300c\u94fe\u4e0a binance\u300d\uff1a<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/731a7007338a22b64701cb51c8be432a.jpg\" \/><\/p>\n<p>\u8fd9\u79cd\u7c7b\u6bd4\u603b\u4f53\u6bd4\u8f83\u5408\u7406\uff0c\u53ef\u80fd\u786e\u5b9e\u4e5f\u662f\u4e00\u4e2a\u8f83\u597d\u7684\u6846\u67b6\uff0cBinance\/BNB \u786e\u5b9e\u53ef\u80fd\u662f\u6700\u9002\u5408\u7684 Hyperliquid\/HYPE \u6bd4\u8f83\u5bf9\u8c61<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>Hyperliquid \u7684\u6838\u5fc3\u4e1a\u52a1\u662f\u884d\u751f\u54c1\u548c\u73b0\u8d27\u4ea4\u6613\u6240\uff0c\u8fd9\u4e0e Binance \u6240\u5bf9\u5e94\u7684\u4e3b\u8425\u4e1a\u52a1\u4e00\u81f4\uff1b<\/p>\n<\/li>\n<li>\n<p>HyperEVM \u5219\u53ef\u4e0e BNBChain \u5bf9\u6bd4\uff0c\u5c3d\u7ba1 HyperEVM \u5c1a\u672a\u4e0a\u7ebf\uff0c\u4f46\u6839\u636e\u76ee\u524d\u7684\u8bbe\u8ba1\uff0cHYPE \u548c BNB \u90fd\u53ef\u4ee5\u7528\u4f5c EVM \u94fe\u7684 Gas\uff0c\u90fd\u53ef\u4ee5\u8d28\u62bc\u83b7\u5f97\u6536\u76ca;<\/p>\n<\/li>\n<li>\n<p>HYPE \u548c BNB \u90fd\u53ef\u4ee5\u76f4\u63a5\u4ece\u5e73\u53f0\u4ea4\u6613\u624b\u7eed\u8d39\u4e2d\u83b7\u76ca\uff1b<\/p>\n<\/li>\n<\/ul>\n<p>\u4e0b\u9762\uff0c\u6211\u4eec\u5c31\u6309\u7167 Hyperliquid \u67b6\u6784\u5206\u4e3a\u884d\u751f\u54c1\u4ea4\u6613\u6240\u3001\u73b0\u8d27\u4ea4\u6613\u6240\u3001EVM \u6765\u4e0e Binance \u505a\u5bf9\u6bd4\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u884d\u751f\u54c1\u4ea4\u6613\u6240\uff1a<\/p>\n<\/li>\n<\/ul>\n<p>\u4e0a\u6587\u6211\u4eec\u63d0\u5230\uff0c\u8fd1\u671f Hyperliquid \u7684\u6301\u4ed3\u91cf\u548c\u4ea4\u6613\u91cf\u7b49\u6570\u636e\uff0c\u90fd\u5728 Binance \u5bf9\u5e94\u6570\u636e\u7684 10% \u5de6\u53f3\uff0c\u56e0\u800c\u6211\u4eec\u7c97\u7565\u8ba4\u4e3a\u5728\u884d\u751f\u54c1\u4ea4\u6613\u6240\u6a21\u5757\uff0cHYPE = 10% BNB\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u73b0\u8d27\u4ea4\u6613\u6240\uff1a<\/p>\n<\/li>\n<\/ul>\n<p>Hyperliquid \u7684\u8fd1\u4e09\u5341\u65e5\u65e5\u5747\u73b0\u8d27\u4ea4\u6613\u91cf\u5728 4 \u4ebf\u7f8e\u5143\u5de6\u53f3\uff0c\u800c Binance \u5228\u9664\u514d\u624b\u7eed\u8d39\u7684 FDUSD \u4ea4\u6613\u5bf9\u540e\uff0c\u73b0\u8d27\u65e5\u5747\u4ea4\u6613\u91cf 260 \u4ebf\u7f8e\u5143\u5de6\u53f3\uff0cHYPE = 1.5%BNB\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>EVM\uff1a<\/p>\n<\/li>\n<\/ul>\n<p>\u6309\u7167\u4e0a\u6587\u7684\u903b\u8f91\uff0c\u6211\u4eec\u8ba4\u4e3a HyperEVM \u4e0e Hyperliquid L1 \u7684\u5173\u7cfb\u66f4\u52a0\u7c7b\u4f3c Binance \u4ea4\u6613\u6240 \u4e0e BNBChain \u7684\u5173\u7cfb\u3002<\/p>\n<p>HyperEVM \u8fd8\u6ca1\u4e0a\u7ebf\uff0c\u6211\u4eec\u65e0\u6cd5\u786e\u8ba4\u6709\u591a\u5c11 TVL \u4f1a\u4ece RustVM \u8fc1\u79fb\u5230 HyperEVM\uff0c\u4f46\u662f\u4ece\u4ea7\u54c1\u67b6\u6784\u548c\u5bf9\u5e94\u4f53\u9a8c\u6765\u770b\uff0c\u603b\u4f53\u903b\u8f91\u4ecd\u7136\u662f\u57fa\u4e8e\u4ea4\u6613\u6240\u73b0\u6709\u7528\u6237\u505a\u8fc1\u79fb\uff0c\u6211\u4eec\u5217\u51fa Binance \u548c Coinbase \u7684\u6570\u636e\uff0c\u518d\u8003\u8651\u5230\u5e02\u573a\u5bf9 Hype \u8f83\u4e3a\u706b\u70ed\u7684\u5e02\u573a\u60c5\u7eea\uff0c\u6211\u4eec\u5047\u8bbe 10% \u7684 Exchange TVL \u4f1a\u8fc1\u79fb\u5230\u94fe\u4e0a\uff08\u4ecd\u7136\u4e50\u89c2\uff0c\u4e0d\u8fc7\u76ee\u524d\u7edd\u5927\u90e8\u5206\u4f7f\u7528 TVL \u4f30\u503c\u7684\u6587\u7ae0\u90fd\u5047\u8bbe 100% \u7684 Hyperliquid TVL \u4f1a\u8fc1\u79fb\u5230 HyperEVM\uff09\u3002 \u6309\u6b64\u8ba1\u7b97\uff0cHYPE = 3%BNB\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/4c2e7e6a67d499a643bab7e64abfd48a.jpg\" \/><\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u7ecf\u6d4e\u6a21\u578b<\/p>\n<\/li>\n<\/ul>\n<p>\u9664\u6b64\u4ee5\u5916\uff0c\u6211\u4eec\u8fd8\u9700\u8981\u8003\u8651\u5230\uff0cHYPE \u4e0e BNB \u7ecf\u6d4e\u6a21\u578b\u7684\u4e0d\u540c\u3002<\/p>\n<p>\u4ece\u4e0a\u6587\u5bf9 HYPE \u7ecf\u6d4e\u6a21\u578b\u7684\u5206\u6790\u53ef\u4ee5\u770b\u51fa\uff0c\u76ee\u524d HYPE \u5c06\u5e73\u53f0\u6bdb\u5229\u6da6\u7684 54%\uff0c\u51c0\u5229\u6da6\u7684 100% \u90fd\u8f6c\u5316\u4e3a\u4e86\u5bf9 HYPE \u7684\u56de\u8d2d\u6216\u8005\u9500\u6bc1\u3002<\/p>\n<p>BNB \u6b64\u524d\u90fd\u662f\u6309\u7167\u767d\u76ae\u4e66\u5c06 Binance \u4ea4\u6613\u6240\u51c0\u5229\u6da6\u7684 20% \u7528\u4e8e\u56de\u8d2d BNB\uff0c\u5728 2021 \u5e74\u56de\u8d2d\u9500\u6bc1\u4e0e\u5e73\u53f0\u51c0\u5229\u6da6\u8131\u94a9\u4e4b\u540e\uff0c\u6211\u4eec\u65e0\u4ece\u5f97\u77e5 Binance \u5bf9 BNB \u7684\u51c0\u5229\u6da6\u8d4b\u80fd\u6bd4\u4f8b\uff0c\u4e0d\u8fc7\u4ece\u9500\u6bc1\u6570\u636e\u7684\u53d8\u52a8\u8d8b\u52bf\u4ee5\u53ca Binance \u5728\u540c\u65f6\u95f4\u5185\u7684\u5e02\u573a\u5730\u4f4d\u6765\u770b\uff0c\u51c0\u5229\u6da6\u9500\u6bc1\u7684\u6bd4\u4f8b\u5927\u6982\u7ef4\u6301\u5728\u7c7b\u4f3c\u7684\u6c34\u51c6\u3002<\/p>\n<p>\u4ece\uff08\u5bf9\u6301\u5e01\u8005\u7684\uff09\u7ecf\u6d4e\u6a21\u578b\u6765\u770b\uff0cHYPE \u663e\u8457\u4f18\u4e8e BNB\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/4b3318b47aa1ba528291219e7b2a1e4d.jpg\" \/><\/p>\n<p><em>BNB \u5386\u53f2\u9500\u6bc1\u6570\u636e\u00a0\u6765\u6e90<\/em><\/p>\n<p>\u53e6\u5916\u503c\u5f97\u4e00\u63d0\u7684\u662f\uff0cHyperliquid \u76ee\u524d\u6536\u5165\u4e2d\u6d41\u5411 HYPE \u4ee3\u5e01\u7684\u6bd4\u4f8b\u4e3a 54%\uff0c\u8fd9\u4e2a\u503c\u4ecd\u6709\u8fdb\u4e00\u6b65\u4e0a\u5347\u7684\u7a7a\u95f4\u3002\u56e0\u4e3a\u673a\u5236\u539f\u56e0\uff0cHLP \u5728 2023 \u5e74 7 \u6708\u81f3\u4eca BTC \u6da8\u5e45\u8d85\u8fc7 200% \u7684\u725b\u5e02\u4e2d\uff0c\u4e00\u76f4\u4ee5 USDC \u4e3a\u62b5\u62bc\u7269\u6301\u6709\u4e86\u5927\u91cf\u7684\u52a0\u5bc6\u8d27\u5e01\u7a7a\u5934\u5934\u5bf8\uff0c\u5c3d\u7ba1 HLP \u672c\u8eab\u7684\u7b56\u7565\u5f97\u5f53\uff0c\u96be\u5f97\u7684\u4fdd\u6301\u4e86\u76c8\u4e8f\u5e73\u8861\uff0c\u4f46\u662f\u4ecd\u7136\u9700\u8981\u4ed8\u51fa\u5e74\u5316 30% \u4ee5\u4e0a\u7684 APR \u7528\u4e8e\u7559\u4f4f HLP \u5185\u8d44\u91d1\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/048c0dea5d3da8d11febd0e351160439.jpg\" \/><\/p>\n<p><em>HLP \u5386\u53f2\u51c0\u5934\u5bf8 \u6765\u6e90\uff1aHyperliquid \u5b98\u7f51<\/em><\/p>\n<p>\u5728\u672a\u6765\u968f\u7740\u884c\u60c5\u9010\u6b65\u89c1\u9876\uff0c\u4f46\u52a0\u5bc6\u7528\u6237\u603b\u4f53\u4f5c\u4e3a\u884d\u751f\u54c1\u7684\u51c0\u591a\u5934\u7684\u8d8b\u52bf\u4e0d\u4f1a\u6539\u53d8\uff0cHLP \u672c\u8eab\u7684\u7b56\u7565\u6536\u76ca\u5728\u9707\u8361\u5e02\u548c\u718a\u5e02\u4e2d\u5347\u9ad8\u7684\u6982\u7387\u63d0\u9ad8\uff08\u4ece GMX \u7684 GLP \u4ee5\u53ca GNS \u7684 Vault \u5386\u53f2\u6536\u76ca\u6211\u4eec\u53ef\u4ee5\u770b\u5230\u540c\u6837\u7684\u8d8b\u52bf\uff09\uff0cHyperliquid \u53ef\u80fd\u65e0\u9700\u4ed8\u51fa\u8fd9\u4e48\u5927\u6bd4\u4f8b\u7684\u6536\u5165\u4f5c\u4e3a\u79df\u91d1\u652f\u4ed8\u7ed9 HLP\uff0cHyperliquid \u7684\u51c0\u5229\u7387\u4ecd\u7136\u6709\u671b\u8fdb\u4e00\u6b65\u63d0\u9ad8\u3002<\/p>\n<p>\u8c08\u5230\u51c0\u5229\u7387\uff0c\u6211\u4eec\u65e0\u4ece\u5f97\u77e5 Binance \u7684\u51c0\u5229\u7387\u5177\u4f53\u5982\u4f55\uff0c\u4e0d\u8fc7\u6211\u4eec\u53ef\u4ee5\u4ece\u4e0a\u5e02\u516c\u53f8 Coinbase \u7684\u62a5\u544a\u4e2d\u5bf9\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u8fd0\u8425\u6210\u672c\u7aa5\u63a2\u4e00\u4e8c\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/3c7d9c97cd45d66704d55833c8fdce6d.jpg\" \/><\/p>\n<p><em>Coinbase quarterly report 24Q3<\/em><\/p>\n<p>\u53ef\u4ee5\u770b\u5230\uff0c2023 \u5e74 Coinbase \u7684\u8fd0\u8425\u8d39\u7528\uff08\u7814\u53d1\u3001\u7ba1\u7406\u3001\u9500\u552e\u8d39\u7528\u4ee5\u53ca\u8f6c\u8d26\u8d39\u7528\uff09\u5e73\u5747\u6bcf\u5b63\u5ea6\u5728 6 \u4ebf\u7f8e\u91d1\u4ee5\u4e0a\uff0c\u8fd9\u57fa\u672c\u76f8\u5f53\u4e8e\u5168\u90e8\u7684\u8425\u6536\uff0c\u51c0\u5229\u7387\u63a5\u8fd1 0\uff1b\u5728 2024 \u5e74\u968f\u7740\u884c\u60c5\u7206\u53d1\uff0c\u5176\u51c0\u5229\u7387\u6709\u4e86\u4e0d\u5c11\u7684\u597d\u8f6c\uff0c\u4f46\u51c0\u5229\u7387\u4ecd\u4e0d\u8db3 30%\u3002<\/p>\n<p>\u4ece\u4ee5\u4e0a\u7684\u6570\u5b57\u5bf9\u6bd4\uff0c\u6211\u4eec\u53ef\u4ee5\u6e05\u6670\u7684\u770b\u5230 Hyperliquid \u7684\u51c0\u5229\u7387\uff08\u7ecf\u6d4e\u6a21\u578b\uff09\u76f8\u5bf9\u4e2d\u5fc3\u5316\u4ea4\u6613\u7684\u4f18\u52bf\u3002\u6211\u4eec\u4e5f\u53ef\u4ee5\u4ece\u4e00\u4e2a\u5177\u4f53\u7684\u4e8b\u4ef6\uff1a\u4e0a\u5e01\u95ee\u9898\u7684\u5904\u7406\u6765\u5177\u4f53\u770b\u8fd9\u79cd\u4f18\u52bf\u3002<\/p>\n<p>\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u4e0a\u5e01\uff0c\u901a\u5e38\u6709\u4e00\u4e2a\u4e13\u95e8\u7684\u4e0a\u5e01\u56e2\u961f\u6765\u8d1f\u8d23\u3002\u4ed6\u4eec\u9700\u8981\u8ddf\u8e2a\u5e02\u573a\u70ed\u70b9\uff0c\u4e0e\u5404\u4e2a\u9879\u76ee\u56e2\u961f\u8fdb\u884c\u8c08\u5224\uff0c\u4ece\u800c\u6536\u53d6\u4e0a\u5e01\u8d39\u7528\u548c \/ \u6216\u9879\u76ee Token\uff0c\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u9700\u8981\u652f\u4ed8\u4e0a\u5e01\u56e2\u961f\u4e0d\u83f2\u7684\u5de5\u8d44\u548c\u63d0\u6210\uff0c\u540c\u65f6\u8fd8\u9700\u8981\u652f\u4ed8\u76d1\u63a7\u5904\u7406\u4e0a\u5e01\u8fc7\u7a0b\u4e2d\u53ef\u80fd\u5b58\u5728\u7684\u5229\u76ca\u8f93\u9001\u95ee\u9898\u7684\u5185\u63a7\u56e2\u961f\u7684\u5de5\u8d44\u3002<\/p>\n<p>\u800c Hyperliquid \u7684\u4e0a\u5e01\u6d41\u7a0b HIP-1 \u5982\u524d\u6240\u8ff0\uff0c\u9760\u9884\u5148\u5b9a\u597d\u7684\u4ee3\u7801\u81ea\u52a8\u8fd0\u884c\uff0c\u65b0\u4e0a\u5e01\u7684\u8fd0\u8425\u6210\u672c\u65e0\u9650\u8d8b\u8fd1\u4e8e 0\uff0c\u4f7f\u5f97\u5176\u6536\u5165\u7684\u300c\u4e0a\u5e01\u8d39\u300d\u53ef\u4ee5\u5b8c\u5168\u5206\u914d\u6d41\u5411 HYPE \u6301\u6709\u4eba\u3002<\/p>\n<p>\u7efc\u4e0a\u6240\u8ff0\uff0c\u5728 2024 \u5e74 12 \u6708\u5e95\u7684\u73b0\u5728\uff0c\u6211\u4eec\u6709\u5982\u4e0b\u5bf9\u6bd4\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u884d\u751f\u54c1\u4ea4\u6613\uff1aHYPE = 10% BNB<\/p>\n<\/li>\n<li>\n<p>\u73b0\u8d27\u4ea4\u6613\uff1aHYPE = 1.5% BNB<\/p>\n<\/li>\n<li>\n<p>EVM( \u9884\u4f30 ): HYPE = 3% BNB<\/p>\n<\/li>\n<li>\n<p>\u7ecf\u6d4e\u6a21\u578b\uff1aHYPE \u663e\u8457\u4f18\u4e8e BNB<\/p>\n<\/li>\n<li>\n<p>\u6d41\u901a\u5e02\u503c\uff1aHYPE = 9% BNB<\/p>\n<\/li>\n<li>\n<p>\u5168\u6d41\u901a\u5e02\u503c\uff1aHYPE = 27% BNB<\/p>\n<\/li>\n<\/ul>\n<p>\u884d\u751f\u54c1\u4ea4\u6613\u662f Hyperliquid \u76ee\u524d\u6700\u4e3b\u8981\u7684\u4e1a\u52a1\uff0c\u5728\u4f30\u503c\u5bf9\u6bd4\u4e2d\u5e94\u8be5\u5177\u5907\u6bd4\u8f83\u9ad8\u7684\u6743\u91cd\u3002\u5728\u7b14\u8005\u770b\u6765\uff0cHYPE \u76ee\u524d\u7684\u5e02\u503c\u867d\u7136\u8c08\u4e0d\u4e0a\u4fbf\u5b9c\uff0c\u4f46\u4e5f\u5e76\u4e0d\u7b97\u8d35\u3002<\/p>\n<p><strong>\u6846\u67b6 2:\u00a0PS<\/strong><\/p>\n<p>HYPE \u6709\u4ee3\u5e01\u56de\u8d2d\u548c\u9500\u6bc1\u673a\u5236\uff0c\u90fd\u76f4\u63a5\u4f5c\u7528\u4e8e HYPE \u4ee3\u5e01\uff0c\u53ef\u4ee5\u4f7f\u7528 PS \u6307\u6807\u6765\u8fdb\u884c\u4f30\u503c\uff0c\u5177\u4f53\u5982\u4e0b\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u5408\u7ea6\u4ea4\u6613\u8d39\u7528\uff1a<\/p>\n<\/li>\n<\/ul>\n<p>\u6211\u4eec\u6309\u7167\u5e73\u5747 0.0225% \u7684\u5e73\u5747\u5408\u7ea6\u4ea4\u6613\u8d39\u7528\uff0c\u4ee5\u53ca\u5229\u6da6\u5728 HLP \u548c AF \u4e4b\u95f4\u4ee5 46:54 \u5206\u914d\u6765\u505a\u9884\u4f30\u3002<\/p>\n<p>\u6700\u8fd1\u4e00\u4e2a\u6708 Hyperliquid \u5408\u7ea6\u6536\u5165=1547 \u4ebf\u7f8e\u5143 *0.0225% = 3480 \u4e07\u7f8e\u5143\uff0c\u5176\u4e2d\u7ea6 54% \u8fdb\u5165 AF \u7528\u4e8e\u56de\u8d2d HYPE\uff0c\u56de\u8d2d HYPE \u91d1\u989d=1879 \u4e07\u7f8e\u5143\uff0c\u5bf9\u5e94\u5e74\u5316\u51c0\u5229\u6da6\u4e3a 2.255 \u4ebf\u7f8e\u5143\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>HIP-1 \u62cd\u5356\u8d39\uff1a<\/p>\n<\/li>\n<\/ul>\n<p>\u6700\u8fd1\u4e00\u4e2a\u6708\u6536\u5165 610 \u4e07\u7f8e\u5143\uff0c\u4ee5 HLP \u548c AF46:54 \u7684\u5206\u914d\u6bd4\u4f8b\uff0c\u8be5\u90e8\u5206\u5bf9\u5e94\u5e74\u5316\u51c0\u5229\u6da6\u4e3a 3950 \u4e07\u7f8e\u5143\u3002<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u73b0\u8d27\u4ea4\u6613\u624b\u7eed\u8d39\uff1a<\/p>\n<\/li>\n<\/ul>\n<p>Hyperliquid \u7684\u73b0\u8d27\u4ea4\u6613\u624b\u7eed\u8d39\u7684\u8d39\u7528\u6807\u51c6\u4e0e\u5408\u7ea6\u4ea4\u6613\u76f8\u540c\uff0c\u624b\u7eed\u8d39\u4e2d\u7684 USDC \u90e8\u5206\u7684\u5206\u914d\u65b9\u5f0f\u4e5f\u4e0e\u5408\u7ea6\u4ea4\u6613\u76f8\u540c\uff0c\u5373\u5229\u6da6\u5728 HLP \u548c AF \u4e4b\u95f4\u4ee5 46:54 \u5206\u914d\uff1b\u73b0\u8d27\u4ea4\u6613\u4e2d\u5176\u4ed6 token \u7684\u624b\u7eed\u8d39\uff08\u5982 HYPE-USDC \u4ea4\u6613\u65f6\uff0cHYPE \u4e70\u65b9\u652f\u4ed8 USDC \u624b\u7eed\u8d39\uff0cHYPE \u5356\u65b9\u652f\u4ed8 HYPE \u624b\u7eed\u8d39\uff09\u76f4\u63a5\u9500\u6bc1\u3002<\/p>\n<p>\u56e0\u800c\u73b0\u8d27\u4ea4\u6613\u624b\u7eed\u8d39\u5bf9 HYPE \u7684\u51c0\u5229\u6da6\u6211\u4eec\u9700\u8981\u5206\u4e24\u90e8\u5206\u6765\u8ba1\u7b97\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>HYPE \u90e8\u5206\uff1a\u53ef\u4ee5\u76f4\u63a5\u901a\u8fc7\u533a\u5757\u6d4f\u89c8\u5668\u67e5\u8be2\uff0cHYPE \u4ee3\u5e01 TGE \u521a\u597d 30 \u5929\uff0c\u9500\u6bc1 HYPE \u6570\u91cf\u4e3a 110490 \u679a\uff0c\u5bf9\u5e94\u5e74\u5316\u9500\u6bc1 1325880 \u679a\uff0c\u4ee5\u73b0\u4ef7\u8ba1\u7b97\u7ea6\u4e3a 3700 \u4e07\u7f8e\u5143\u3002<\/p>\n<\/li>\n<li>\n<p>USDC \u90e8\u5206\uff1a\u6700\u8fd1 30 \u5929 Hyperliquid \u73b0\u8d27\u4ea4\u6613\u91cf\u4e3a 115 \u4ebf\u7f8e\u5143\uff0c\u73b0\u8d27\u4ea4\u6613\u4e2d\u7528\u4e8e\u56de\u8d2d HYPE \u7684\u90e8\u5206=115 \u4ebf\u7f8e\u5143 *0.0225*54%=139.7 \u4e07\u7f8e\u5143\uff0c\u5bf9\u5e94\u5e74\u5316\u51c0\u5229\u6da6\u4e3a 1677 \u4e07\u7f8e\u5143\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u7efc\u5408\u4e0a\u8ff0\u4e09\u90e8\u5206\u8d39\u7528\uff0c\u6211\u4eec\u6309\u7167\u6700\u8fd1\u4e00\u4e2a\u6708\u7684\u6570\u636e\u505a\u5e74\u5316\u8ba1\u7b97\uff0c\u5f97\u51fa\u4f5c\u7528\u4e8e\u56de\u8d2d HYPE \u7684\u91d1\u989d\u4e3a 318,770,000 \u7f8e\u5143\u3002<\/p>\n<p>\u6309\u7167\u6d41\u901a\u5e02\u503c\u8ba1\u7b97\uff0cHYPE \u7684 P\/S \u4e3a 29.4\uff0c\u6309\u7167\u5168\u6d41\u901a\u5e02\u503c\u6765\u8ba1\u7b97\uff0cHYPE \u7684 P\/S \u4e3a 88\u3002<\/p>\n<p>\u6211\u4eec\u5217\u51fa\u4e86\u4e00\u4e9b\u4e0e Hyperliquid \u5177\u5907\u4e00\u5b9a\u53ef\u6bd4\u6027\u7684\u52a0\u5bc6\u9879\u76ee\u7684\u6d41\u901a P\/S \u6307\u6807:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250102\/eff328865725ee84ef957d4ed0625922.jpg\" \/><\/p>\n<p>\u53ef\u4ee5\u770b\u51fa\uff0cL1 \u7684 P\/S \u4f30\u503c\u663e\u8457\u9ad8\u4e8e\u5e94\u7528\uff0cHyperliquid \u7684 P\/S \u4f30\u503c\u663e\u8457\u4f4e\u4e8e\u53ef\u6bd4\u7684\u5176\u4ed6 L1\u3002<\/p>\n<p>\u4ee5\u4e0a\u662f\u5173\u4e8e\u5bf9 HYPE \u4f30\u503c\u7684\u4e24\u79cd\u6846\u67b6\uff0c\u9700\u8981\u518d\u6b21\u63d0\u9192\u7684\u662f\uff1a<\/p>\n<p>Hyperliquid \u672c\u8eab\u7684\u6570\u636e\u53d8\u52a8\u6781\u5927\u2013\u5176\u5e02\u503c\u3001TVL\u3001\u6536\u5165\u3001\u7528\u6237\u6570\u636e\u7b49\uff0c\u6700\u8fd1 1 \u4e2a\u6708\u90fd\u5728\u539f\u672c\u7684\u57fa\u7840\u4e0a\u6709\u4e86\u6570\u500d\u4e43\u81f3\u6570\u5341\u500d\u7684\u6da8\u5e45\uff0c\u800c\u540e\u53c8\u6709 50% \u7684\u56de\u64a4\uff0c\u5176\u672c\u8eab\u6307\u6807\u53d8\u52a8\u7684\u5267\u70c8\u7a0b\u5ea6\uff0c\u90fd\u8fdc\u80dc\u4e8e\u6211\u4eec\u4e0b\u5217\u6240\u5217\u7684\u4f30\u503c\u6307\u6807\u6240\u663e\u793a\u7684\u5bf9\u6bd4\u3002\u4ee5\u4e0a\u7684\u4f30\u503c\u6846\u67b6\u66f4\u5408\u9002\u7528\u4f5c\u957f\u671f\u7684\u4f30\u503c\u53c2\u8003\u3002<\/p>\n<p>HYPE \u4ef7\u683c\u76ee\u524d\u662f Hyperliquid \u6700\u5927\u7684\u57fa\u672c\u9762\uff0c\u5176\u5404\u9879\u6570\u636e\u7684\u98d9\u6da8\uff0c\u66f4\u591a\u7684\u662f HYPE \u4ef7\u683c\u4e0a\u5347\u7684\u7ed3\u679c\uff0c\u800c\u4e0d\u662f\u300c\u56e0\u4e3a Hyperliquid \u6709\u4e86\u8fd9\u4e48\u597d\u7684\u6570\u636e\uff0c\u624d\u6709\u4e86\u8fd9\u6837\u7684\u4ef7\u683c\u300d\u3002<\/p>\n<h2>4. \u98ce\u9669<\/h2>\n<p>Hyperliquid \u9762\u4e34\u7684\u98ce\u9669\u6709\u5982\u4e0b\uff1a<\/p>\n<ul class=\" list-paddingleft-2\">\n<li>\n<p>\u8d44\u91d1\u98ce\u9669\uff0c\u76ee\u524d Hyperliquid \u7684\u5168\u90e8\u8d44\u91d1\u90fd\u5b58\u50a8\u5728\u5176 Arbitrum \u7f51\u7edc\u7684\u6865\u4e2d\uff0c\u8be5\u667a\u80fd\u5408\u7ea6\u7684\u5b89\u5168\u6027\uff0c\u4ee5\u53ca\u7ba1\u7406\u5168\u90e8\u8d44\u91d1\u7684 3\/4 \u56e2\u961f\u591a\u7b7e\u7684\u5b89\u5168\u6027\u663e\u5f97\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<\/li>\n<li>\n<p>\u4ee3\u7801\u98ce\u9669\uff0c\u5305\u62ec\u5f53\u524d L1 \u7684\u98ce\u9669\u548c HyperEVM \u7684\u98ce\u9669\u3002Hyperliquid \u91c7\u7528\u521b\u65b0\u7684\u67b6\u6784\u548c\u5171\u8bc6\uff0c\u5176 L1 \u76ee\u524d\u4e0d\u5f00\u6e90\u7684\u72b6\u6001\u51cf\u5c11\u4e86\u5176\u88ab\u653b\u51fb\u7684\u53ef\u80fd\uff0c\u4f46\u968f\u7740 Hyperliquid \u89c4\u6a21\u548c\u5f71\u54cd\u529b\u53d8\u5927\uff0c\u4ee5\u53ca HyperEVM \u7684\u4e0a\u7ebf\uff0c\u6f5c\u5728\u88ab\u653b\u51fb \/ \u51fa\u73b0\u4ee3\u7801\u6f0f\u6d1e\u7684\u53ef\u80fd\u6027\u9010\u6b65\u589e\u591a\u3002<\/p>\n<\/li>\n<li>\n<p>\u9884\u8a00\u673a\u98ce\u9669\uff0c\u8fd9\u662f\u6240\u6709\u884d\u751f\u54c1\u4ea4\u6613\u6240\u7684\u56fa\u6709\u98ce\u9669\u3002<\/p>\n<\/li>\n<li>\n<p>\u76d1\u7ba1\u5f15\u53d1\u6bd4\u8f83\u4f18\u52bf\u4e22\u5931\uff0c\u65e0\u9700 KYC \u662f\u76ee\u524d Hyperliquid \u76f8\u5bf9\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u4e3b\u8981\u6bd4\u8f83\u4f18\u52bf\uff0c\u968f\u7740 Hyperliquid \u89c4\u6a21\u7ee7\u7eed\u589e\u957f\uff0c\u53ef\u80fd\u5b58\u5728\u6765\u81ea\u76d1\u7ba1\u7684\u53cd\u6d17\u94b1\u7b49\u76d1\u7ba1\u8981\u6c42\u3002<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<div id=\"project-details\" data-v-9516d980>\n<div class=\"project-details\" data-v-9516d980>\n<div class=\"project-details-l\" data-v-9516d980><img alt class=\"project-details-l-img\" data-v-9516d980><\/div>\n<div class=\"project-details-connent\" data-v-9516d980>\n<div class=\"project-data\" data-v-9516d980>\n<h3 class=\"project-data-name\" data-v-9516d980><\/h3>\n<p class=\"project-data-description\" data-v-9516d980>\n<\/div>\n<div class=\"to-view-more\" data-v-9516d980>\u67e5\u770b\u66f4\u591a<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p> <!--&gt;--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u901f\u89c8 Hyperliquid\uff1a\u4ea7\u54c1\u73b0\u72b6\u3001\u7ecf\u6d4e\u6a21\u578b\u53ca\u4f30\u503c \u4f5c\u8005\uff1aLawrence Lee 1.\u5f15\u8a00 Hyperl 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