# Hyperliquid Ecosystem

*hype risk warning*

By [dongxue](https://paragraph.com/@dongxue) · 2024-12-18

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Since the airdrop brought about the wealth-creating effect, Hyperliquid's native token HYPE has been rising since its listing, and the price has increased by more than 3 times since the airdrop. The rise of HYPE has also driven up the prices of other tokens on Hyperliquid, bringing a strong wealth effect to the Hyperliquid ecosystem.

I personally think that the current valuation of HYPE is still expensive, the pool is not deep enough, and the liquidity is not good, so I hope everyone still pays attention to the risks.

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*Originally published on [dongxue](https://paragraph.com/@dongxue/hyperliquid-ecosystem)*