Top Crypto Gainers: Hyperliquid, Horizen, Cetus Protocol & Conflux on May 22

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Hyperliquid

The cryptocurrency market is witnessing a remarkable surge as Bitcoin surpasses the $111,000 mark, marking a significant milestone in its history. This unprecedented rise has bolstered investor confidence, igniting renewed interest not only in Bitcoin but also in a variety of altcoins. The ongoing rally signifies an increase in institutional adoption, as major firms expand their Bitcoin holdings in anticipation of broader acceptance and deeper integration with traditional financial systems. This bullish trend is creating a ripple effect, elevating the demand and resultant price appreciation for numerous blockchain projects.

Among the standout performers in today’s crypto landscape are tokens such as Hyperliquid (HYPE), Horizen (ZEN), Cetus Protocol (CETUS), and Conflux (CFX). Each of these tokens has shown impressive growth amid a wave of trading activity and heightened investor enthusiasm. These projects are at the cutting edge of blockchain innovation, facilitating faster trading, enhancing privacy, supporting decentralized finance (DeFi), and improving interoperability across chains. This article delves into their recent performances and the pivotal updates that are shaping the crypto environment.

Top Crypto Performers of the Day

Hyperliquid is a high-performance Layer 1 blockchain explicitly designed to facilitate a completely onchain financial ecosystem. Horizen, previously known as ZenCash, is a scalable blockchain network that prioritizes user privacy and aims to empower both users and developers. Cetus stands out as a leading decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos blockchains. Conflux Network operates as a Layer 1 blockchain that employs a unique Tree-Graph consensus mechanism to achieve high throughput and cross-chain capabilities. Let’s take a closer look at the reasons behind the impressive gains of these top crypto assets today.

1. Hyperliquid (HYPE)

Hyperliquid represents a high-performance Layer 1 blockchain, crafted to support an open, fully onchain financial ecosystem. With block times that are measured in sub-seconds and the ability to handle up to 100,000 orders each second, it facilitates rapid and transparent trading alongside real-time financial applications. Its proprietary DEX, which is a fully onchain perpetual exchange, exemplifies Hyperliquid’s speed and scalability. The Hyperliquid token serves multiple purposes, including securing the network, powering transactions, and aligning incentives throughout the ecosystem. It will also play a critical role in governance and interacting with future features such as spot trading and permissionless liquidity. Currently, Hyperliquid (HYPE) is valued at $30.57, reflecting a 15.33% increase in the past 24 hours, a 24.43% rise over the past week, and an impressive 67.57% gain over the last month. Its price fluctuated between $26.26 and $30.94 within the last day, showcasing strong upward momentum.

Hyperliquid achieved several all-time highs today, including open interest of $8.9B, 24-hour fees of $5.4M, and a total value locked (TVL) of $3.2B in USDC. This surge underscores the potential of onchain, transparent markets, allowing users to track trades live and in real-time.

2. Horizen (ZEN)

Horizen, which was previously known as ZenCash, is a scalable blockchain ecosystem that emphasizes privacy, designed to empower both users and developers. Its Sidechain SDK enables the development of custom public and private blockchains. To maintain security and decentralization, Horizen operates one of the largest node networks in the industry. The native token, ZEN, is utilized for transaction fees, staking, and ensuring network security. Additionally, it incentivizes node operators and other participants who contribute to the network’s growth and functionality. Horizen (ZEN) is currently trading at $10.19, reflecting an 8.48% increase in the past 24 hours and a 17.93% gain over the past month. Its daily trading range spans from $9.35 to $10.33, indicating robust short-term growth.

Public smart contracts often fall short for businesses that require confidentiality. Companies are unwilling to expose their supply chains to competitors, and traders need to keep their strategies under wraps. Horizen addresses this issue with its zero-knowledge (ZK) technology, enabling private execution while ensuring verified correctness. By transitioning to Base, Horizen aims to enhance smart privacy and verifiable execution onchain, thereby redefining the notion of transparency in business.

3. Best Wallet Token (BEST)

Best Wallet is a cutting-edge, non-custodial crypto wallet that prioritizes secure and anonymous asset management, doing away with ID verification and Know Your Customer (KYC) protocols. By supporting multiple chains and wallets, it allows users to trade, store, and manage their crypto assets conveniently within a single application. The platform also provides early access to trending token launches, making it a preferred choice for crypto enthusiasts who value security and convenience. Having raised over $12.5 million in its presale, the $BEST token is currently priced at $0.025065. Holding $BEST tokens grants users access to exclusive perks, including early project access, reduced transaction fees, increased staking rewards, and governance rights within the ecosystem. Investors can earn a significant 115% annual percentage yield (APY) by staking $BEST, with rewards allocated at 101.21 tokens per Ethereum block over a three-year period. This staking model allows investors to enhance their returns while contributing to the platform’s development.

With its state-of-the-art security, low transaction costs, and community-focused governance, Best Wallet is positioning itself as the leading non-custodial crypto wallet for 2025. Its staking and airdrop initiatives further incentivize users, making it an essential tool for both experienced traders and newcomers in the crypto realm.

4. Cetus Protocol (CETUS)

Cetus has emerged as a prominent decentralized exchange (DEX) and concentrated liquidity protocol that operates on the Sui and Aptos blockchains. Its primary objective is to establish a robust and versatile liquidity network that simplifies trading for all users, regardless of the assets involved. By employing advanced liquidity strategies and interoperable modules, Cetus provides an optimized DeFi experience. The CETUS token is integral to the platform’s ecosystem, facilitating governance, staking, and liquidity incentives. It rewards both active users and liquidity providers while enabling token holders to participate in the protocol’s governance. Cetus Protocol (CETUS) is currently priced at $0.23898, marking a 17.92% increase in the past 24 hours, a 14.19% rise over the last week, and an impressive 122% gain over the previous month, establishing it as a top crypto gainer. Its daily price fluctuated between $0.199814 and $0.23898, signaling strong bullish momentum.

Cetus has launched a new feature called the #CetusTerminal, allowing users to create fully branded and modular swap experiences that integrate seamlessly into their applications or websites. This feature enables easy customization—from swap settings to color themes and logos—without requiring code rewrites. Powered by Cetus, this lightweight version of the Cetus Aggregator unlocks complete spot liquidity on SUI with minimal coding, facilitating smooth swaps and enhancing user experience.

5. Conflux (CFX)

Conflux Network is a Layer 1 blockchain that employs a unique Tree-Graph consensus algorithm to deliver high throughput and cross-chain capabilities. Its mission is to bridge Eastern and Western markets while ensuring compatibility with Ethereum Virtual Machine (EVM) and enabling rapid, cost-effective transactions. The interoperability tool, ShuttleFlow, allows for seamless asset transfers across different chains. The native token, CFX, is utilized for transaction fees, staking, and governance, serving as a critical element in securing the network and powering various ecosystem activities. CFX holders can also engage in network decision-making and earn rewards through staking. Currently, Conflux (CFX) is trading at $0.096428, reflecting a 6.65% increase over the past 24 hours and a 36.59% rise in the last month. Its 24-hour price range extends from $0.090498 to $0.097894, supported by bullish market sentiment that signals further growth.

Conflux has recently announced a partnership with Inference to integrate verifiable and secure artificial intelligence into its network. This collaboration aims to make every AI interaction on the platform transparent, provable, and trustworthy. By combining Inference Labs’ advanced verifiable AI with Conflux’s fast and scalable Layer 1 blockchain, the initiative promotes decentralized innovation that complies with real-world regulatory standards, creating new opportunities across Asia and beyond.

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