$HYPE Inflows Slow Down as JPMorgan Raises Competitiveness Concerns

The Hyperliquid native token, $HYPE, has seen its entry momentum slow down in recent weeks. According to JPMorgan analysts, this is a sign of increasing questions about its future competitiveness.

In May and June, the $HYPE ETF showed one of the strongest performances in terms of inflow rate among cryptocurrency ETFs excluding Bitcoin. However, this strong picture began to change in July, with inflows slowing down significantly.

JPMorgan analysts highlighted not only the slowdown in ETF inflows but also Hyperliquid's long-term competitiveness. The bank predicts that decentralized transaction platforms like Hyperliquid may face significant challenges in gaining market share in the future.