Analyst: Hyperliquid's BTC Optimal Price Range Order Book Depth Surpasses an exchange

BlockBeats News, January 29, Blockworks analyst shaunda devens posted on social media, stating, "Hyperliquid has quietly achieved the deepest top-tier order book liquidity in the crypto market.

Within ±1 basis point (bps) of the mid-price, Hyperliquid's BTC order book depth reaches $3.1 million, while an exchange is at $2.3 million.

A similar situation is observed in the HIP-3 silver market: at the tightest spread, Hyperliquid's order book depth is $33,000, and an exchange is at $24,000."