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Yuvi.
$HYPE
股票永续升温，HYPE最该验证的是交易额吗？
HIP-3官方规范要求部署者承担市场定义、预言机及风险参数管理，并维持相应质押。新市场能扩展交易场景，也把更多风控责任放在部署者身上。
交易量增长只有转化为持续手续费、可靠做市和稳定用户留存，才有长期意义。美股休市期间，价格来源与流动性尤其重要。
若市场扩张伴随真实费用增长，且极端波动下清算有序，基础会增强；若短期成交主要来自激励或高杠杆，预言机风险增加，估值应更保守。
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