Binance Captures RWA Perpetual Market Share, Putting Pressure on HYPE

CoinMarketCap research head Alice Liu stated that Bitcoin has likely bottomed out. Regarding Hyperliquid, Liu noted that while the platform remains a leader in the DEX space, Binance has captured approximately 50% of the market share for RWA perpetual contracts since its launch. While HYPE recently reached an all-time high of $86, supported by over $400 million in token buybacks, its price remains dependent on sustained network revenue to fund these buybacks.