2026-01-12 17:30:09

Hyperliquid used to be vibrant. Where has that enthusiasm gone? The platform's trading activity seems to be cooling down, and the once exciting trading ecosystem is fading. Is it the market cycle turning, or have participants' expectations changed? This shift is worth reflecting on for market participants.

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GasGuzzler

· 7h ago

The popularity is indeed declining, but isn't that normal? Every project goes through this. --- HL's story is just like that—once the novelty wears off, no one cares anymore. --- Talking about cycle rotation, honestly, there's still no innovation. --- Wait, is anyone still playing HL? I thought it was dead. --- The change in expectations is real; early FOMO has now turned into FUDA. --- Cooling trading activity ≠ project dead, don't overthink it. --- It's quite realistic—how long can hype last? Sooner or later, it'll be like this.

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MEVHunterLucky

· 7h ago

When the market is not doing well, all platforms are cold; when the bull market comes, it naturally heats up again. If you can't make money, who still has enthusiasm? Honestly, that's just how it is. It's normal for Hyperliquid's popularity to decline; funds are limited and will flow elsewhere. This is Web3—when it's cold, it's cold. There's nothing worth reflecting on; funds speak for themselves. Talking about changing expectations—it's just because the returns are gone... people are simply moving upward.

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SadMoneyMeow

· 7h ago

Uh... rather than reflecting, it's better to reflect on how your account is doing. The enthusiasm for trading cryptocurrencies usually doesn't just disappear into thin air.

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CodeZeroBasis

· 7h ago

Already cooled down so quickly? But to be fair, when HL first came out, I didn't pay much attention either.

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SchrodingerProfit

· 7h ago

Cooling off? Buddy, that's the fate of the derivatives track—comes and goes, leaves and returns. Hyperliquid is now like a washed-up star; who still remembers it? Wait, did the participants run away or is it really out of money? Who can tell? Calm down, calm down. I've heard the market cycle spiel too many times. Honestly, I just want to see who is still holding on here.

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