Hyperliquid is a layer one (L1) blockchain built around decentralized trading, with its flagship platform designed primarily for perpetual futures and spot markets. The ecosystem extends well beyond its decentralized exchange (DEX), supporting additional services such as borrowing and lending, real-world asset (RWA) tokenization, and a fully integrated Ethereum Virtual Machine (EVM) environment that allows Ethereum-compatible smart contracts to run on the network. The network operates on a proof-of-stake (PoS) consensus mechanism and functions as a smart contract platform, positioning it as a broad infrastructure layer for decentralized finance (DeFi) rather than a single-purpose application. HYPE is the network's native token, with a capped maximum supply of 1 billion. Within the Hyperliquid ecosystem, the token serves governance and utility functions tied to the operation of the chain and its associated exchange-based activities.
The BitMEX co-founder is closing his HYPE and NEAR longs ahead of a Tuesday essay arguing that an energy-shock + AI-IPO combo hands Trump an anti-AI lever into 2026.
Hayes is rotating out of crypto into cash as energy costs, an AI-IPO pipeline, and election-year politics converge into a textbook late-cycle setup — the kind of de-risking that has historically…
Arthur Hayes, co-founder of BitMEX and one of crypto's most closely watched macro traders, has liquidated his entire…
The HIP-3 framework carried the month — $62B in volume and $3B in open interest — while the platform's pure crypto perps book still shrank year over year.
Bitcoin, ether, solana and XRP funds are all in net redemption simultaneously for the first time — a coordinated altcoin reversal that turns the post-ETF-launch inflow story on its head, with…
Three fresh wallets plus an existing accumulator have drained both US venues in under three days — a concentration of exchange outflow that reads as positioning, not rotation.
Solana's SOL token has fallen to its lowest price levels since 2023, a decline steep enough that Hyperliquid's HYPE…
Charles Schwab's Jim Ferraioli argues ETF inflows and regulatory wins haven't moved the tape because the marginal speculative dollar has moved on — and crypto-native rails like Hyperliquid now let…
Hyperliquid's native token HYPE has overtaken Solana's SOL in nominal price per token, marking a notable milestone for…
The fee war has now started in HYPE products — and Grayscale's 0.29% undercuts 21Shares' 0.30% and Bitwise's 0.34%, with staking rewards layered in to widen the spread against passive rivals.
A 0.29% sponsor fee beats the 0.30%-0.34% range already on offer from Bitwise and 21Shares — and the launch lands the same week the CFTC opened the door for US-listed perpetual futures.
The 6.4% BTC drop and ETH breaking $1,900 came even as the MSCI ACWI set an all-time high — a decoupling that points to crypto-specific overhangs, not a broad risk-off move.
WSJ profiling lands the same week Hyperliquid's HYPE token crossed a $14B market cap — the platform is now routing weekend BTC, oil, and pre-IPO exposure that CME can't.
Galaxy Digital pulled 179,000 HYPE off Coinbase in hours, while a fresh wallet quietly accumulated nearly 400,000 over two days — the bid is concentrated and quiet.
The same 24 hours delivered the ECB crowning gold over Treasuries, Mt. Gox moving 10,306 BTC, and a Trump executive order on AI — a macro stack with direct read-through to digital asset flows.
Grayscale is set to launch its Hyperliquid Staking ETF, trading under the ticker $HYPG, making it the first — and…
Perps now account for ~80% of global crypto volume and are bleeding into oil, gold and pre-IPO equities — the regulatory fight over Hyperliquid's commodity contracts will decide whether this stays a…
FalconX's Joshua Lim says HYPE liquidity now rivals ETH on heavy days — capital is leaving range-bound majors for altcoin vol, pre-IPO perps, and tokenized stocks, with Hyperliquid's $800M 2025…
The legacy NFT marketplace is borrowing Hyperliquid's onchain order book to enter perps — a category pivot that puts OpenSea back on the front page of active traders' workflows, not just collectors'.
The 32-coin sale is a rounding error on MSTR's balance sheet, but the precedent is the story — and ETF outflows plus a stalled risk-asset bid leave no obvious near-term bid for BTC.
Where Zipp's editorial desk has weighed in on this token.
Bitcoin prints its worst quarter since 2022 while Circle nets a bank charter and SWIFT goes on-chain. The crowd is flinching, but the rails are still being built.
A brutal quarter and a steady price can both be true. Today's tape reads the difference between conviction and capitulation.
BTC just printed its worst quarter since 2022, $4.67B left spot ETFs, and Strategy broke an eight-year buying streak. Read that as bearish, and you're the consensus. Read it as a setup, and you're early.
Spot BTC ETFs bled $85M while BlackRock quietly snapped $250M, exposing a brittle floor under the recovery narrative.
Strategy's first BTC sale since 2020 collides with a record MiCA win for Ripple and Vitalik's Lean Ethereum rebuild, and the crowd can't decide whether to flinch or ape.
With $527M walking out of BTC ETFs and Ethereum staking in flux, the on-chain money is hunting for yield that survives a stress test.
Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading.
Hyperliquid (HYPE) is categorised as: Decentralized Exchange (DEX), Smart Contract Platform, Exchange-based Tokens.
The official Hyperliquid site is https://app.hyperliquid.xyz/trade.
Most recent Hyperliquid coverage: "Hayes exits HYPE and NEAR, cites Iran war and AI IPO risk" — read at /en-US/a/arthur-hayes-dumps-all-hype-and-near-cites-ai-ipos-and.
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