VanEck: "HyperLiquid (HYPE) Faces Challenges in Sustaining Growth Without Developer Engagement"

On the 7th (local time), according to the cryptocurrency-focused media outlet Cointelegraph, the American asset management firm VanEck reported that "the decentralized exchange (DEX) HyperLiquid, based on its own Layer 1, will find it difficult to sustain its growth without attracting developers."

The report stated, "To maintain a market capitalization of approximately $25 billion, HyperLiquid needs to build a strong developer community on its own," adding, "To justify the high value of the HYPE token, more than just a perpetual futures exchange built on its own Layer 1 chain is required."

Additionally, it noted, "They have not yet secured a sufficient scale of developer community," and warned, "If they fail to meet the growth expectations of the community, HYPE holders could find themselves in a 'prisoner's dilemma' (a situation where pursuing individual interests over cooperative best choices leads to unfavorable outcomes for all)."