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Crypto

Hyperliquid nears 6 percent share of global perpetual futures trading

Decentralised perpetual futures trading platform Hyperliquid nearly reached a 6 percent share of total perpetual futures trading volume in March, The Block reported. Its share rose sharply from about 3.5 percent a year earlier. Hyperliquid’s monthly trading volume was close to $200 billion, while centralised exchanges process more than $3 trillion in monthly perpetual futures trading. The Block said Hyperliquid has also expanded into non-crypto assets, including commodities such as crude oil traded around the clock.

Crypto

JPMorgan questions sustainability of Ethereum network activity after Fusaka upgrade

Ethereum network activity increased after the Fusaka upgrade late last year, but JPMorgan raised doubts about whether the gains can be sustained, The Block reported on Jan. 22. Citing a JPMorgan report, The Block said long-standing issues remain and could limit long-term growth. The report flagged migration to layer-2 networks and growth of rival blockchains such as Solana. It also said reduced speculative activity and fee pressures could weigh on prices. JPMorgan was positive on bitcoin, projecting a rise to $170,000 within 6 to 12 months.