In the rapidly evolving world of decentralized finance (DeFi), Hyperliquid's HyperEVM is making waves with its impressive staking statistics and DeFi utilization. A recent tweet by WarDaddyCapital tweet link highlights some compelling data that underscores HyperEVM's potential to outpace competitors like Base.

The Numbers Speak Volumes

WarDaddyCapital's tweet reveals that 42% of Hyperliquid's HYPE token circulation supply is staked, with 23% of that being liquid staked. This is a significant figure, especially when compared to Solana, where less than 8% of staked Solana is liquid staked. The liquid staked HYPE, amounting to approximately $1.3 billion, is predominantly being utilized within the HyperEVM DeFi ecosystem, with over 75% of it actively engaged.

DeFi Utilization and Market Position

The tweet also points out that 40% of HYPE on HyperEVM is in its vanilla form, while 60% is liquid staked. This distribution indicates a robust engagement with DeFi protocols. Yesterday, the kHYPE Pendle Finance pool was the largest traded pool by $22 million, surpassing even Ethereum-based pools. Furthermore, the Kinetiq kHYPE pool ranks as the 7th biggest pool across all ecosystems, just a week after going live.

Why This Matters

These statistics are crucial because they demonstrate HyperEVM's growing influence in the DeFi space. While transactions per second (TPS) and block capacity are often highlighted, the real value lies in how effectively a blockchain can support and grow its DeFi ecosystem. HyperEVM's focus on programmability and DeFi utilization is paying off, making it a formidable player.

The Symbiotic Relationship Between HyperCore and HyperEVM

Another key insight from the thread is the symbiotic relationship between HyperCore and HyperEVM. What's beneficial for HyperCore also benefits HyperEVM, creating a unified ecosystem that enhances overall value. This interconnectedness is a strategic advantage, as it allows for seamless integration and growth across both platforms.

Looking Ahead

The tweet suggests that HyperEVM's DeFi prowess alone could make it bigger than Base, disregarding other initiatives like HIP3. This optimism is echoed by other users in the thread, who see HyperEVM's trajectory as one of continued growth and dominance.

Conclusion

Hyperliquid's HyperEVM is not just another blockchain; it's a DeFi powerhouse with impressive staking statistics and utilization rates. As the ecosystem continues to grow, it’s clear that HyperEVM is set to play a significant role in the future of decentralized finance. For those in the blockchain space, keeping an eye on Hyperliquid's developments could be key to understanding the next big shifts in DeFi.

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