Hyperliquid surpasses Zcash in market cap at $22B

Hyperliquid has surpassed Zcash in market capitalization, according to a report from CoinGecko. The current valuation of Hyperliquid stands at $22 billion, compared to Zcash’s $21.4 billion. This shift places Hyperliquid, with its native token HYPE, ahead of the privacy-focused Zcash in the ranks of top cryptocurrencies by market cap. Both cryptocurrencies have recently been within the top 10 of market cap lists that exclude stablecoins, reflecting a competitive environment for these digital assets. Monitor for further announcements or partnerships involving Hyperliquid that could influence its valuation.

Source: Crypto Briefing