Web3
Trader Matteo's Data Shows Hyperliquid (HYPE) 5bp Depth Down 84.6% in a Year
COINOTAG·November 11, 2026·1 min read
Hyperliquid's median dollar depth within 5 basis points fell 84.6% in a year, according to trader data. Spreads widened and active makers declined, indicating reduced liquidity and market-making activity on the platform. This significant drop could impact trading efficiency and user experience on Hyperliquid.
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