What kind of spark will be ignited when AI infrastructure meets real-world assets (RWA) and DeFi? The USD.AI protocol and its governance token CHIP provide the answer.

The CHIP token debuted simultaneously on seven major exchanges worldwide (including Binance, Coinbase, Upbit, etc.), achieving an astounding trading volume of $1.87 billion on its first day. Following this, the leading decentralized derivatives platform Hyperliquid officially launched the CHIP/USDC perpetual contract on April 22 at the community's strong request (supporting up to 3x leverage).

After experiencing a "peak upon launch" and intense washing, CHIP is currently in a critical bottom oscillation range. For astute derivatives traders, this might be an excellent opportunity for left-side plays using Hyperliquid perpetual contracts.

CHIP: More than just an AI concept, it's the "rule maker" for GPU lending

In the crowded AI token race, CHIP has garnered the favor of top institutions like a16z and Coinbase Ventures due to its extremely hardcore practical use case: it is the governance core of the USD.AI protocol.

USD.AI is not a shell project for issuing tokens, but a structured credit system that connects on-chain capital with real-world AI infrastructure (such as high-end enterprise-grade GPUs like H200 and B200). In simple terms, it allows GPU operators to borrow funds against their hardware as collateral without having to sell these expensive computing devices. Currently, the protocol's Total Value Locked (TVL) has reached $283 million, with active loans approximately $61 million and a loan pipeline as high as $1.5 billion.

In this ecosystem, CHIP holders have extremely broad and substantive governance powers:

 

• Set collateral standards: Which models of GPU can be used as collateral? How is the depreciation rate calculated?
• Determine lending rates and fees: Directly impacts borrowers' funding costs and depositors' yields.
• Protocol-level decisions: Approve oracles, smart contract upgrades, and external integrations in DeFi.

This means that CHIP is not merely a speculative "air token" but a "golden key" that holds pricing power and rule-making authority in the multi-billion dollar GPU lending market.

CHIP Technical Analysis: Stabilization after a Halving and Bull-Bear Play

Despite having a solid fundamental basis, CHIP's secondary market movement perfectly illustrates the "buy the expectation, sell the fact" script. According to the latest Hyperliquid CHIP/USDC perpetual contract candlestick (10-minute level) data from the AiCoin platform, the price, after the previous frenzy, is currently in a bottom-seeking phase.

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Overall, CHIP is in a classic "bottom reconstruction period after launch crash." While signals for a right-side breakout (such as a volume spike above EMA250) have yet to appear, in the 0.065-0.070 range, the downside space is relatively limited, with the risk-reward ratio for left-side layout becoming evident.

Playing with CHIP on Hyperliquid: Why are perpetual contracts the best choice?

For a new coin with a circulating market cap accounting for only 20% of the total supply (a large number of tokens locked up) and great volatility, directly buying spot often incurs considerable time costs and downside risks. Trading CHIP perpetual contracts on Hyperliquid provides a more flexible strategic space:

 

• Long and short directions, unafraid of downturns If you believe CHIP's valuation needs further digestion, or unlocking expectations will bring continued selling pressure, you can short CHIP on Hyperliquid and profit during downtrends.
• Up to 3x leverage, amplify fluctuation profits Currently, CHIP is in a wide fluctuation range of 0.065-0.078. Utilizing the 3x leverage offered by Hyperliquid, you can engage in high sell-low buys within this range, amplifying the original 10%-20% swing profits to 30%-60%, significantly enhancing capital utilization.
• Full on-chain order book, exceptionally smooth As a Layer 1 born for trading, Hyperliquid's sub-second confirmation speed and full on-chain order book mechanism allow you to accurately execute trades in highly volatile assets like CHIP, rejecting pinning and high slippage.

Actual operation is super simple:

Step 1: Open Hyperliquid BTC/USDC candlestick on AiCoin

Step 2: Find the toolbar and select lightning order

Step 3: Directly click the green "buy long" or red "sell short" → instant transaction

Exclusive benefits from AiCoin: Insights into the intersection of AI and RWA

GPU lending is becoming the next trillion-dollar narrative in the crypto market, and CHIP is the core asset of this narrative.

Now through the AiCoin platform, you can authorize and log into Hyperliquid with one click, enjoying a seamless trading experience. AiCoin provides you with millisecond-level CHIP depth candlestick, real-time on-chain capital monitoring, and multi-dimensional macro data analysis to help you see clearly in the complex market.

Moreover, significantly, by using the exclusive AiCoin invitation code AICOIN88 to register for Hyperliquid, you will enjoy a permanent 4% trading fee rebate. In frequent swing trading, every saved fee will convert into real profit in your account.

https://app.hyperliquid.xyz/join/AICOIN88

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📖 Beginner's tutorial:

"AiCoin PC terminal Hyperliquid Authorization Trading Tutorial":

https://www.aicoin.com/zh-Hans/article/514197

 

"Zero-based entry! Ultra-detailed graphic tutorial for first-time trading on Hyperliquid":

https://www.aicoin.com/zh-Hans/article/510225

Bid farewell to the passive waiting in spot trading, and take active action with Hyperliquid perpetual contracts. Log in to AiCoin now and seize the excellent trading opportunity in the CHIP bottom oscillation!

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