Hyperliquid Reports 16.84% Increase in W Perpetual Contract Price

According to BlockBeats, decentralized derivatives trading platform Hyperliquid reported a 16.84% increase in the price of its W perpetual contract within 24 hours, with the current price at $1.81. Previously, BlockBeats reported that Wormhole released its token economics, stating that the total supply of governance token W is 10 billion, with an initial circulating supply of 1.8 billion.