The post Hyperliquid NFT adoption remains slow as HYPE drops 18% – What’s next? appeared on BitcoinEthereumNews.com.

Hyperliquid NFTs remained resilient despite HYPE’s 18% drop, but adoption was niche. Slow bridging to EVM limits liquidity, raising questions about long-term NFT market potential. Hyperliquid’s [HYPE] value may have taken an 18% hit this week, but the NFT market tied to the protocol seems unfazed — or perhaps just uninterested. With only 1.5% of users bridging to the Ethereum Virtual Machine (EVM) ecosystem, adoption remains sluggish. Despite early-stage projects like Hypers and Mechacats showing potential, it’s too soon to tell if they’ll ride the wave — or sink with it. HYPE’s 18% drop, NFT quietly soldiering through Hyperliquid’s native token, HYPE, has faced a sharp decline, dropping 18% in value. Source: Coinmarketcap Despite this downturn, NFTs associated with the protocol, including Hypers and Mechacats, appear largely unaffected. Unlike the token’s price volatility, these collections continue to trade steadily. Floor prices for these NFTs remain intact, with Hypers at 9.85 and Mechacats at 10.50, suggesting a degree of resilience. However, the lack of immediate price movement doesn’t necessarily indicate long-term strength. With only 1.5% of users bridging to EVM, adoption remains slow, limiting liquidity and potential demand. Traders eyeing these projects must weigh the risks: while early adoption could be lucrative, the ecosystem’s lack of deep engagement presents challenges. For now, Hyperliquid NFTs appear to be holding firm, but whether they thrive depends on broader user participation. Hypers and Mechacats; Why NFT adoption remains niche Hypers and Mechacats stand out as two of the leading NFT projects tied to Hyperliquid, yet adoption remains niche. Source: X Hypers, with a total volume of 77,146, and Mechacats, at 25,720, are among the most actively traded collections. However, liquidity constraints limit their growth potential. The small fraction of users bridging to EVM means that demand is primarily speculative rather than driven by utility.…

---

Filed under: News - @ March 31, 2025 3:07 am