Hyperliquid Hits $5.3T and Beats Wall Street Pricing
Three HYPE-tracking ETFs are already live and a CFTC-led US path is taking shape. The buyback routes trading fees straight back to token holders, and that loop is the real angle.
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Three HYPE-tracking ETFs are already live and a CFTC-led US path is taking shape. The buyback routes trading fees straight back to token holders, and that loop is the real angle.
The CEO's macro framing collapses three different relationships into one: token holders own USDT, eligible customers have a redemption right, and Tether International owns and runs the $115B T-bill…
MiCA-regulated issuance and euro-native vault rails are recreating the dollar DeFi flywheel in euros; RockawayX sees the next 12 to 24 months as a race to compress the gap.
Cantor Fitzgerald's role as investment banker signals TradFi-grade credibility for a project targeting BitGo custody, tier-one exchange listings, and Bitcoin lending infrastructure.
By cutting out the intermediary issuer and partnering directly with a lender of record, FACTOR offers a rare on-chain yield structure backed by real working capital assets rather than synthetic…
A former US Solicitor General is now arguing that letting incumbents sue regulators over every new product would freeze US derivatives innovation and protect the legacy order.
Summer's 59% share of fees since 2026 began shows how quickly event-driven activity is translating into revenue.
Tokenized equities now account for 80% of all on-chain RWA spot volume, up from 30% just months ago, signaling a structural shift in how real-world assets are being traded on-chain.
The $130M week landed on the back of an emerging memestocks sector that bundles memecoin launches with tokenized equities, putting the L2's fee trajectory on a fresh slope.
One firm's 17-account footprint now represents 7.8% of Hyperliquid's total perp volume and has generated $7M in fees for the protocol in roughly six months.
The composition of that OI matters: core crypto perps now dominate again after HIP-3's share slid from 34% to 25%, and a dollar on core perps routes 97% of fees into HYPE buybacks.
The proposal could slow interest accrual across seven Base markets, but it does not guarantee reserve transfers, supplier repayments or restored borrowing.
A single wallet turned $171.6K and $217.6K positions into gains of $13K and $25.6K respectively, showcasing the upside potential and risk profile of high-leverage perp trading on a non-custodial DEX.
The September 5 transaction settled in minutes outside traditional banking hours, marking the first live proof that tokenized deposits on Swift's Digital Ledger can sustain 24/7 cross-border USD…
Perps were the last corner of on-chain derivatives where tokenized assets felt experimental; a $2T Q3 with three weeks left on the clock says wall-street-grade flow is moving on-chain.
Coinbase Ventures-backed Router posted a $677 day in bridge volume against a $56,600 market cap; the post-mortem calls bridging economics structurally inverted, a read that applies to most of the…
StonkFun's Raydium LaunchLab tie-up is dragging RAY and JUP higher too, but the STONK/SPYx pool gives holders no claim on the underlying S&P 500 shares.
The Hyperliquid token's six-month gain of 175.9% and $629M in daily volume signal that this is more than a short-term momentum trade.
The result ties Robinhood Chain's fee growth to a local memecoin cycle, making speculative demand the key driver of its current on-chain momentum.
The potential $527K daily flow is the HYPE angle, but the estimate depends on AQA v2 balances, SOFR and an assumed 90% revenue share for the Assistance Fund.