In the midst of the market violatilty, $HYPE have been holding up really well. 

Consolidating between $19-23 with volumes increasingly nicely. 

Protocols have also increasingly chosen Hyperliquid as a platform to do listings vs CEXes. This bodes well for the upcoming HypeEVM launch. 

HLP have also proven to be a lucrative vault during market downturns and an efficient place to part stables. 

This gives Hyperliquid a strong flywheel to build up their next stage of growth:
- Mindshare for new launches
- HLP for capturing stablecoin yield
- Bidding mechanism for new launches that adds to revenue
- $HYPE buybacks from revenue generated

Eyes will be on the launch on their EVM to add towards the strong flywheel that they team have already set up. 

Hyperliquid