DeFi Surge: HYPE Hits $13.6 Billion FDV, Bluefin Set to Launch TGE
The DeFi space has seen a sharp rebound, with tokens like $HYPE (Hyperliquid) and $F (SynFutures) leading the charge. $HYPE’s Fully Diluted Valuation (FDV) recently exceeded $10 billion, now reaching an impressive $13.6 billion. Meanwhile, $F was listed on Bithumb, experiencing a 43% price increase in a short time. Among the latest developments is Bluefin, a PerpDEX project built on the Sui Network, gearing up for its Token Generation Event (TGE). Bluefin is creating excitement by drawing comparisons to Hyperliquid, blending features like derivatives trading and spot DEX functionality while integrating Meme-focused gameplay. Is Bluefin the Sui Network’s Hyperliquid? Bluefin can be described as a Sui-based version of Hyperliquid with added elements from platforms like Jupiter and Pump.fun. In addition to its on-chain derivatives exchange, it offers unique Meme-launch capabilities, a bold move for an OG project established in 2020. […]