Nansen CEO: HYPE surpasses ADA to become the fifth largest pledged asset by market value

Alex Svanevik, CEO of on-chain analysis platform Nansen, revealed data on the X platform that Hyperliquid native token HYPE has now surpassed ADA to become the fifth largest pledged asset by market value, second only to BNB, which ranks fourth. The current top three pledged assets by market value are ETH, SOL, and SUI.