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climbed 53.5% and TON added 28%. Monad and Hyperliquid also posted meaningful growth…notable: growth is not concentrated in a single ecosystem or narrative. Layer-2s, Bitcoin-adjacent chains, high-throughput
milestone cements Hyperliquid's position as one of the most valuable decentralized exchange ecosystems in crypto, a remarkable…trading continues to gain traction against centralized alternatives. Hyperliquid has been a consistent beneficiary of that structural shift
HYPE — and potentially the biggest external holder outside Hyperliquid-linked addresses. The wallets are estimated to have accumulated…approximately $79.29 million. For the HYPE ecosystem, a16z's scale of accumulation carries weight beyond the dollar figure
market structure story worth watching. Binance and Hyperliquid are driving the bulk of that volume, with Kraken…innovation exemption for the onchain equities ecosystem. That exemption would let traditional institutions experiment
financial health directly to the performance of the Hyperliquid ecosystem. For HYPE holders and Hyperliquid watchers, the signal
been appointed the official USDC treasury deployer on Hyperliquid, the high-performance decentralised derivatives platform, marking a significant…exchanges and a fast-growing on-chain trading ecosystem. As part of the arrangement, Coinbase also acquires
Hyperliquid's native stablecoin — will be phased out over time, with USDC stepping in as the ecosystem
play — it's a structural commitment to the Hyperliquid ecosystem that aligns a16z's economic incentives with
more productive fee-generating protocols in crypto — Hyperliquid, EdgeX, and Pump.fun — collectively returned $96.3 million to token holders…rates are increasingly the metric that separates durable ecosystems from hype cycles
Hyperliquid ecosystem has coalesced around two distinct tracks: conventional DEXs, led by Project X and HyperSwap…centralised venues. As liquidity deepens across both tracks, Hyperliquid's pitch as a self-contained trading layer becomes
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