Hashflow (HFT), a decentralized alternate (DEX) that makes use of a Request for Quote (RFQ) mechanism, has simply posted a pointy spike in buying and selling quantity and spectacular worth efficiency initially of July.
Whereas the broader altcoin market nonetheless struggles to get well, what helped HFT transfer towards the development?
Hashflow (HFT) Leads DEX Tokens With a Achieve of Over 100%
In line with knowledge from BeInCrypto, HFT’s worth soared greater than 100% in simply the previous two days. At present, HFT is buying and selling round $0.135 — its highest worth since February 2025.
On June 30, HFT recorded a each day enhance of over 80%. That day marked its strongest single-day efficiency for the reason that peak again in 2023.
Moreover, CoinMarketCap data reveals HFT’s 24-hour spot buying and selling quantity has surpassed half a billion USD. That is the very best each day quantity of the 12 months and is 25 instances increased than its latest each day common.
This worth surge has made HFT the most effective performer amongst DEX tokens, making the DEX sector the best-performing crypto phase over the previous week.
Information suggests investors are buying again into HFT closely after the token misplaced as much as 95% of its worth over almost three years.
What’s Driving HFT’s Value Rally?
In June, Binance announced assist for HFT deposits on the Solana community, alongside different integrations with platforms like Jupiter and Titan.
“Hashflow is rising quick within the Solana ecosystem. Binance now helps HFT on Solana and so can we. We’ve already built-in with Jupiter, Kamino, and Titan. Extra integrations are coming,” Hashflow stated.
These developments might have sparked optimistic investor sentiment and fueled HFT’s worth rally.
Nonetheless, this rally may face some challenges. First, the undertaking’s token unlock schedule continues each day and can final till the top of 2028. At present, solely 36.5% of HFT’s complete provide is in circulation, whereas every month, an extra 15.8 million HFT—equal to 1.58% of the entire provide—is unlocked.
Furthermore, CoinMarketCap data reveals that just about 70% of HFT’s provide is held by whales.
Though holders who’ve saved tokens for over a year account for greater than 71%, many have endured a worth drop of over 90% in almost three years. These long-term holders would possibly promote if the value recovers.
Though HFT’s worth surged, Hashflow’s TVL confirmed no important breakout. It stays modest at simply $618,000, whereas its each day DEX trading volume stands round $7.6 million.
Collectively, these knowledge factors spotlight that the actual problem for Hashflow lies in sustaining this worth momentum, relatively than it being only a short-term breakout.
The put up Hashflow (HFT) Leads DEX Tokens With Over 100% Surge — What’s Fueling the Rally? appeared first on BeInCrypto.