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Crypto DeFi

ETH Flips BTC on Hyperliquid… 24-Hour Trading Volume Hits $1.1 Billion

On Hyperliquid, Ethereum’s 24-hour trading volume surpassed Bitcoin’s, reaching approximately $1.1 billion. Analysts link this surge to a suspected mechanism exploit on PaperTrade, which may have driven up demand for ETH trading. Crypto trader Rune previously pointed out that PaperTrade’s own official documentation disclosed the risk of price manipulation related to Hyperliquid’s top bid and ask order book.

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