Dear BitTap Users,
We are pleased to announce that BitTap will officially launch the HYPEUSDT perpetual contract trading pair on May 24, 2025 (UTC+8). This contract supports both long and short positions, with leverage of up to 50x. We warmly invite all users to participate and experience flexible and efficient derivatives trading.
Launch Schedule:
Contract Trading Start Time: May 24, 2025 (UTC+8)
Contract Product Information
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Trading Pair: HYPEUSDT Perpetual Contract
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Underlying Asset: HYPE
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Quote Asset: USDT
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Supported Network: Hyperliquid
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Maximum Leverage: 50x
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Funding Rate Mechanism: Settled every 8 hours
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Trading Mechanism: USDT-margined, perpetual contract, supports bi-directional trading
Project Introduction: HYPE
Hyperliquid is a cutting-edge blockchain platform dedicated to enhancing the efficiency and performance of decentralized finance (DeFi) applications. At its core, Hyperliquid introduces an innovative Layer 1 (L1) blockchain that is meticulously engineered from the ground up to optimize both performance and scalability. This optimization is primarily driven by its unique consensus mechanism, HyperBFT, which plays a critical role in ensuring fast transaction finality and robust security.
Key Metrics (Data Source: CoinMarketCap, as of May23, 2025):
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Current Market Cap: $11.807 billion
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Fully Diluted Market Cap: $35.360 billion
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24h Volume-to-Market Cap Ratio: 4.08%
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Market Dominance: 0.33%
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Launch Date: December 18, 2024
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All-Time High: $36.01 (May 23, 2025)
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All-Time Low: $3.20 (November 29, 2024)
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Circulating Supply: 333 million
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Total Supply: 999 million
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Maximum Supply: 1 billion
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Circulating Rate: 33.39%
Risk Warning:
HYPE is a highly volatile digital asset whose price may be influenced by market sentiment, regulatory developments, DeFi market performance, and other factors. Derivatives trading involves high leverage and high risk. Please assess your risk tolerance carefully and set appropriate take-profit and stop-loss levels.
Thank you for your continued support and trust in BitTap!
BitTap Team
May 23, 2025