The price of Bitcoin (BTC) fell below $80,000, which caused investor anxiety and the market turned red once again. As usually happens with this type of correction, Bitcoin’s decline spilled over into the rest of the cryptocurrencies, leaving widespread losses.
In that context, the majority of digital assets are in the top 100 in capital letters. More than 10% weekly declineStory (IP), Dash (DASH), and Immutable (IMX) were hit the hardest.
However, there are three digital assets that are resisting the general decline and recording gains. These are superfluidity (HYPE), stability (STABLE), and canton (CC)..
HYPE leads weekly profits
In the case of HYPE, a decentralized exchange (DEX) token with its own network, the price rose from $22.12 to $31, an increase of nearly 40% in the last week, as seen in the chart below.
This movement is directly related to Significant increase in activity in markets created under HIP-3a significant update to the Hyperliquid protocol.
As reported by CriptoNoticias, HIP-3 allows third parties to openly create perpetual contract markets on top of the protocol’s core infrastructure without central approval. To do this, developers must lock an appropriate amount of HYPE. This reduces the circulating supply and creates direct demand for the token.
Additionally, each market operates independently with its own order book and margin parameters, which allows for more than just digital assets. merchandise Other “real world” assets such as gold, silver and copper.
The spike in activity is reflected in certain metrics. Since last week HIP-3 market hits new all-time high with total open interest of $1 billion The 24-hour trading volume was $4.8 billion.
Throughout the week, daily trading volumes in these markets exceeded $1 billion, with peaks escalating into the $3 billion to $4 billion region.
Its growth will further impact the economics of the token. In HIP-3, Fees are split 50-50 between the market maker and the protocol.and the HyperLiquid Support Fund will use approximately 97% of the fees received to repurchase HYPE on the open market.
These stock buybacks gradually reduce circulating supply, a mechanism that is usually interpreted as beneficial for prices in the long run.
What about STABLE?
Stable is the native token of StableChain, a layer 1 network designed to facilitate stablecoin payments. This project is supported by Tether, the issuer of USDT.
In the last 7 days, The price of this asset went from $0.020 to $0.027which represents an increase of approximately 35%.
This boost is tied to the StableChain v1.2.0 update scheduled for February 4th. This update replaces the use of USDT with its wrapped version, USDT0 (wrapped), as a native network gas (commission) token.
This change was presented as a related operational improvement. Simplify ecosystem functionality, reduce friction between users and developers, and make fee payments more efficient.
Institutional interests drive states.
Another asset that resists market decline is CC, the native token of the Canton Network, a network specifically designed for financial institutions with the goal of facilitating secure, interoperable, and privacy-preserving transactions.
In the last 7 days, CC went from $0.14 to $0.18which represents a weekly increase of nearly 28%.
The boost comes from the launch of the Digital Payments House (DiSH) by London Stock Exchange Group (LSEG), one of the world’s leading financial infrastructure providers.
DiSH is a continuously operating digital payments network powered by Canton Network Enabling programmable atomic payment processes.
That is, it is an operation that is performed completely and indivisibly. It avoids partial or inconsistent settlements and is fully executed or not executed based on tokenized bank deposits.
Canton is specifically designed for financial institutions. Focused on privacy, interoperability, and regulatory compliance. The LSEG announcement therefore serves as a concrete validation of its use in real market infrastructure.
(Tag translation) Altcoin
