Enabled pre-perpetual trading for LIT token on its platform.

Receives additional PENDLE token emissions for LP positions.

HyENA perpetuals are now available on Based Mobile App with four trading pairs: BTC, ETH, HYPE, and SOL.

Delta-neutral strategies across platforms yield 30-40% on capital using 6x leverage, with ETH perpetuals showing most consistent positive funding rates over the past 4 days. HIP3 markets remain limited to isolated margin only, creating capital inefficiency, and the platform experiences price lag due to market inefficiency.

Trading volume reaches $130M in four days since launch. The platform confirms 100M HyENA points distribution weekly for 24 weeks with no separate token launch.

HyperEVM's stablecoin supply reaches an all-time high of $152.4m, largely attributed to USDe inflows following the platform's launch, assisted by Native Markets' USDH growth.

Platform captures approximately 5% of HIP-3 perpetual trading volume within 3 days of launch.

The platform offers up to 12% APY on USDe long-sided margin positions and approximately 5% APY on other margin positions.

Within the first 24 hours post-launch, the platform records $23M trading volume ranking #2, onboards 5,000 new active users, reaches $7.8M open interest, and completely fills the $10M HLPe vault allocation. Based Season 2 has 24 days remaining, with expanded HLPe allocations and additional markets planned.

Open Interest steadily increases on the platform with BTC OI averaging 10-30% compared to 2-5% on competitor Variational, while funding rates remain volatile.

HyENA is the only Hyperliquid exchange that does not charge an added builder code fee, attributed to owning the underlying stablecoin.

Platform launches with trading pairs for HYPE, BTC, ETH, and SOL, with Stargate Finance serving as the primary bridging solution for USDe deposits to Hyperliquid and Upshift managing the HLPe vault.

Ethena points multiplier for HLPe vault reduces from 70x to 50x after the first month. Trading earns both HyENA points and Based Gold, and HLPe vault generates revenue from three sources: funding rate, market making, and liquidations.

Launch now live with HLPe vault capped at $10M, points program offers 100M weekly distribution over 6 months converting to ENA, 12% boosted APY on USDe for long positions held over 1 hour during first month, and 70x Ethena points multiplier for vault participants.

HyENA markets are now live on Supercexy platform.

Launch happening tonight with HLPe vault accepting USDe deposits for perps trading with yield generation, built by Ethena Labs and BasedOneX on Hyperliquid HIP3. HIP3 markets carry higher fees compared to direct Hyperliquid trading.

Users can farm Hyena points on BasedOneX predictions platform alongside POLY and Based Gold tokens.

Ethena Labs deploys HyENA on Hyperliquid and updates HyENA Trade accounts and website.

Based Prediction crosses $1,000,000 in ARR following successful Polymarket integration, with a new BasedPalsNFT AI Trading Arena market launching soon on Polymarket to diversify revenue streams alongside existing HyperCore and HIP-3 products.

USDe is now live as a quote asset on Hyperliquid spot and HIP-3 perpetual markets, completing the first prerequisite step for HyENA mainnet deployment. Trading is accessible via Based Mobile App and Web Terminal.

Ventuals delegates 700k HYPE through Valantis Labs' stHYPE infrastructure to secure the new HIP-3 market as HIP-3 opens permissionless perpetuals on HyperliquidX.

Hyena Trade is revealed to be part of Ethena Labs and uses a custom USDe-denominated liquidity pool with delta-neutral strategy, complementing the already-launched Ethereal DEX.

Upcoming perpetual DEX will integrate with HyperliquidX and exclusively use USDe as collateral, creating new revenue streams for token holders.

Listed on Hyperliquid via HFUN bot with 3,239 holders. Auction price of 383K USDC, cheapest Hyperliquid listing auction in past week.