Hashflow (HFT), a decentralized alternate (DEX) that makes use of a Request for Quote (RFQ) mechanism, has simply posted a pointy spike in buying and selling quantity and spectacular value efficiency firstly of July.
Whereas the broader altcoin market nonetheless struggles to get well, what helped HFT transfer in opposition to the development?
Hashflow (HFT) Leads DEX Tokens With a Acquire of Over 100%
In line with knowledge from BeInCrypto, HFT’s value soared greater than 100% in simply the previous two days. At present, HFT is buying and selling round $0.135 — its highest value since February 2025.
On June 30, HFT recorded a every day improve of over 80%. That day marked its strongest single-day efficiency because the peak again in 2023.
Moreover, CoinMarketCap knowledge exhibits HFT’s 24-hour spot buying and selling quantity has surpassed half a billion USD. That is the best every day quantity of the 12 months and is 25 occasions greater than its current every day common.
This value surge has made HFT the most effective performer amongst DEX tokens, making the DEX sector the best-performing crypto section over the previous week.
Knowledge suggests traders are shopping for again into HFT closely after the token misplaced as much as 95% of its worth over almost three years.
What’s Driving HFT’s Worth Rally?
In June, Binance introduced help for HFT deposits on the Solana community, alongside different integrations with platforms like Jupiter and Titan.
“Hashflow is rising quick within the Solana ecosystem. Binance now helps HFT on Solana and so can we. We’ve already built-in with Jupiter, Kamino, and Titan. Extra integrations are coming,” Hashflow acknowledged.
These developments might have sparked optimistic investor sentiment and fueled HFT’s value rally.
Nevertheless, this rally may face some challenges. First, the venture’s token unlock schedule continues every day and can final till the top of 2028. At present, solely 36.5% of HFT’s whole provide is in circulation, whereas every month, a further 15.8 million HFT—equal to 1.58% of the whole provide—is unlocked.
Furthermore, CoinMarketCap knowledge exhibits that just about 70% of HFT’s provide is held by whales.
Though holders who’ve stored tokens for over a 12 months account for greater than 71%, many have endured a value drop of over 90% in almost three years. These long-term holders may promote if the value recovers.
Though HFT’s value surged, Hashflow’s TVL confirmed no vital breakout. It stays modest at simply $618,000, whereas its every day DEX buying and selling quantity stands round $7.6 million.
Collectively, these knowledge factors spotlight that the true problem for Hashflow lies in sustaining this value momentum, reasonably than it being only a short-term breakout.
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