Arthur Hayes: The competition among Perp DEXs is becoming increasingly fierce, and HYPE faces the risk of valuation multiple compression.

On October 21, CEX co-founder Arthur Hayes posted on social media that HYPE is facing the risk of valuation multiple compression. Annual revenue has almost returned to ATH, but the coin price is much lower. In the increasingly competitive environment of Perptual Futures Decentralization trading platforms (Perp DEX), speculators are unwilling to pay a high premium for uncertain future income.

HYPE-5.85%
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