Hyperliquid, a decentralized exchange (DEX), is generating significant buzz in the cryptocurrency market, with projections suggesting a potential valuation of $100 billion. As of November 8, 2024, the premarket valuation for Hyperliquid on Gate.io reached $3 billion on a fully diluted basis. Analysts note that if Hyperliquid were solely a perpetual DEX, it would rank as the top platform by trading volume. Additionally, if it operated as a centralized exchange (CEX), it would be the sixth-largest exchange by volume, and as a layer-1 blockchain, it would be among the top ten chains by total value locked (TVL). Furthermore, some users are reportedly receiving airdrops worth $100,000 as part of the platform's launch strategy.