HYPE Token Explodes 300% – Smart Money, Massive Buybacks, But Is It Too Centralized

The crypto market’s latest rising star? A token that’s literally called HYPE — and it’s living up to the name.
In just two months, HYPE has surged over 300%, fueled by the explosive growth of its native DEX platform, Hyperliquid, which now dominates 70% of the DEX Perpetual market and boasts over $1.75B in TVL — placing it in the top 8 blockchains globally.

Adding fuel to the fire, Lion Group (a Nasdaq-listed firm) has invested a whopping $600M into HYPE, making it one of the largest strategic plays in DeFi right now.
But what really sets HYPE apart is its smart tokenomics:

> 97% of protocol fee revenue is used to buy back HYPE tokens — driving constant upward pressure.

Still, not everything is golden. Critics point out that only 21 validators run the network — raising concerns about centralization. Others question whether a $38–45B valuation is sustainable, even with strong fundamentals.

🧠 Mini Analysis (Straight-Talk Style):

Hyperliquid may be the GMX of 2025, but decentralization can’t be a footnote.
If you’re riding HYPE, enjoy the ride — but don’t forget to check who’s driving.