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The TVL of HyperLiquid's yield vault has risen by $250 million in 2 months.
PANews reported on June 5 that the total lock-up position (TVL) of the yield vault of the decentralized exchange HyperLiquid has rebounded from $163 million to $418 million within two months, successfully emerging from the shadow of the March JELLY market turmoil. The current annual percentage rate is 13.42%, higher than the approximately 9% yield level of mainstream re-staking protocols. In March, due to the price manipulation of the GILLY index, HyperLiquid was forced to liquidate its position at $0.0095 (instead of $0.50 as shown by the off-chain oracle), causing the platform's TVL to plummet from $510 million to $150 million, and the token HYPE fell 20% on the day. However, then trader James Wynn's $100 million public trading in a single week demonstrated the liquidity capacity of the platform, which pushed TVL and token prices to rise in tandem, and HYPE rose by 72% in the past 30 days.