Arthur Hayes: Perp DEX competition is intensifying, HYPE faces the risk of valuation multiple compression
ChainCatcher reported that BitMEX co-founder Arthur Hayes stated on social media that HYPE is facing the risk of valuation multiple compression. Annual revenue has almost returned to its historical peak, but the token price is much lower. In the increasingly competitive perpetual contract decentralized exchange (Perp DEX) environment, speculators are unwilling to pay excessive premiums for uncertain future income.
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