I've been using Hyperliquid for a while now, and I’ll admit—it’s been a great experience. I’ve managed to earn some solid profits, and to top it off, I got their airdrop of the HYPE token, which has significantly pumped as you can see here. You can still make money on the platform and possibly qualify for their next airdrop too. If you haven’t already, sign up with my referral link: https://app.hyperliquid.xyz/join/CRYPTOFAB

Now, here’s where things get real. HYPE is, well, overhyped. Let me explain.  

Hyperliquid is marketed as a blockchain, but that’s not entirely accurate. It's currently centralized, even more than Arbitrum, the Ethereum layer-2 that you need to use to invest on Hyperliquid, and HYPE is just a token, not a coin... You cannot use it to pay gas fees like on a real blockchain. Furthermore, there is only one application on the so-called "Hyperliquid Blockchain", and this application is Hyperliquid...

What does this mean for HYPE? It means that its value and utility are tied directly and only to Hyperliquid’s platform. While it’s great if you’re a fan of their trading ecosystem, it’s not the same as owning a coin that’s integral to a blockchain's operation with tons of applications on it (and not only one).

But don’t just take my word for it. I dive deeper into the details in my video below:

https://youtu.be/G8ox5kXRJMM?si=anDLVZH-iI73a1Xo

Is HYPE worth holding? Is it a short-term play? Or should you just stick to using Hyperliquid for its features and rewards?  

Watch the video for my full breakdown, and let me know what you think. Are you bullish on HYPE, or do you think it’s all just… hype?