HYPE Drops 17% From Record High but Hyperliquid Fundamentals Remain Strong

Hyperliquid (HYPE) has trended lower since hitting a record high, shedding 17% amid broader market weakness. Yet, the network behind it tells a steadier story. Several on-chain and ecosystem metrics indicate that user participation and capital activity have remained resilient despite the recent price decline. User Growth Continues Despite Price Weakness Network activity increased even