HyperCore Wallets Holding HYPE Exceed 250,000

The number of wallets holding HYPE on HyperCore has surpassed 250,000. According to HypurrScan statistics as of 11:01 AM on the 3rd, the wallets holding 'hyperliquid:native' exceeded 250,000. This is an on-chain metric indicating the degree of asset distribution, but it should be distinguished from the actual number of users. Hyperliquid operates HyperCore and the smart contract execution environment HyperEVM, both of which are protected by the same HyperBFT consensus. 'hyperliquid:native' is linked to HYPE, which serves as HyperCore's native token and the gas token for HyperEVM. The increase in the number of holding wallets does not necessarily indicate an increase in the number of users, as one person can create multiple wallets, and exchanges, bots, and operational wallets may also be included. Therefore, the number of wallets should be analyzed alongside other metrics such as trading volume, staking, and bridge usage. HyperCore handles spot and perpetual futures order books, account status, staking, and vaults, and tokens based on HyperCore that apply the HIP-1 standard are tradable on the on-chain spot order book. The impact of this change in wallet numbers on HYPE's price or trading volume has not been confirmed.

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