Implemented HIP-6, which adapts Uniswap-style continuous clearing auctions to a central limit order book (CLOB) to address ICO pricing issues and thin order books.

Listed on HTX exchange.

A former largest HYPE long position holder closed their position after achieving $5M profit and rotated $8.18M into a PAXG long, currently holding $230K unrealized gain.

Tether invested in Dreamcash, a trading application built on the Hyperliquid ecosystem.

Dreamcash collectively processed billions in trading volume through its mobile and web applications on Hyperliquid during February 2026.

HyperEVM is supported as a destination chain for Circle's crosschain forwarding service through Bridge Kit and Circle Gateway, enabling automated destination-chain execution for crosschain USDC transfers.

Discussed on Bankless podcast episode covering tariffs, AI, and crypto markets, with focus on DC policy center.

Reached an all-time high of 215,260 active perpetual traders on November 1st, 2025, with 209,154 active perpetual traders reported as of February 25th, 2026.

Achieved nearly $3 trillion in total exchange volume during 2025.

Reached $17 billion in trading volume within the first 10 months of operation.

Experienced a scam exceeding $10 million related to Trove, which impacted numerous KOLs and users within the Hyperliquid ecosystem over the last 12 months.

Price reached $28.92 with a 4.58% increase on February 26, 2026.

Hyperbeat launched on HyperEVM on February 26th, 2026, mentioned by C4dotgg on February 27, 2026.

Vault shares become ERC20 tokens via EIP-4626 standard, enabling composability across DeFi protocols and HyperEVM.

Vaults gain ability to trade spot, HIP-3 assets, and additional market types including memecoins, equities, and pre-launch tokens on the platform.

Sold 311,000 HYPE tokens through two separate TWAP executions, with 200,000 HYPE sold in 90 minutes on February 25th and 110,000 HYPE sold on February 26th after withdrawals from Bybit.

Listed on BitMEX with native L1 integration for HYPE deposits and trading, including zero-slippage spot conversion.

A trader opened a $20.49M short position on ETH at an entry price of $2,053.66 with liquidation at $2,372.69, representing 10 times their total account equity.

Recorded the largest single liquidation order at $11.32M on BTC-USD pair in the past 24 hours.

Whale trader folhas99 opened a $41.4 million short position on BTC with 600 BTC at an entry price of $69,100 and liquidation price of $75,900.

Launched HyperLend on February 26th, 2026, with HPL airdrop claiming and HPL token trading available.

Integrated with OpenSea to provide perpetuals trading infrastructure, allowing users to accrue points for both platforms simultaneously.

Integrated with MetaMask Perps, enabling users to open long or short positions using Hyperliquid directly from their MetaMask wallets.

Listed Korean equities for trading on the platform.

Ranks as the top perpetuals DEX by open interest, capturing 16.9% of the perpetual futures market share relative to centralized exchanges as of February 2026, operating as a custom L1.

A trader holds a 120,000 ETH long position on Hyperliquid that has moved from over $20 million in unrealized losses to $2.75 million in unrealized profit as ETH rebounded above $2,000.

Listed Monarch (MONARCH) as a spot market on the exchange.

Requested unstake of 173,000 HYPE tokens, valued at $4.9M, for HL labs/team, vesting February 2026, unstaked March 6, 2026.

Sets a new standard for revenue-generating chains, with sustainable economics cited as more important than narrative in the context of industry maturation and blockspace commoditization.

Generates annualized revenue crossing the billion-dollar range during high activity periods, with 90%+ of revenue flowing into buybacks and burns.

Launched first spot market on Hyperliquid exchange platform.

Listed ZAMA token for trading, with bridging support provided by Stargate Finance.

Introduced HIP-4, which enables outcome markets including prediction markets, binary contracts, and bounded payoff structures that are fully collateralized without liquidation mechanics.

Implemented HIP-3, enabling permissionless deployment of perpetual futures contracts on the protocol.

Converts protocol fees automatically and burns them through on-chain logic without human discretion or discretionary buyback programs.

Launched HyperEVM, allowing Ethereum-style smart contracts on Layer 1 with access to native liquidity and order book infrastructure. Integrated with Ankr, which launched RPC endpoints for HyperEVM, enabling developers to build smart contracts with reliable, low-latency access.

Distributed approximately $1 billion worth of HYPE tokens to early users in a community airdrop, which grew to $10 billion in value within months.

Trader Burgundy-LeopardSeal-t4y opened a $22.9M short position on BTC at 40x leverage with an average entry price of $65.1k and liquidation level at $66.9k.

Trader Burgundy-LeopardSeal-t4y has generated $7.8B in lifetime trading volume on the platform.

Reached 8.2% of circulating supply held by Digital Asset Treasuries by February 2026, the highest percentage among major digital assets.

Burns 1-2 million dollars worth of HYPE daily through the assistance fund buyback program.

Integrated with Senpi for autonomous trading agents powered by OpenClaw, with Privy, capable of discovering traders, scanning markets, opening positions, rebalancing portfolios, and managing risk.

Integrating with Hyperscaled to enable HYPE books trading within Vanta Trading platform, with a Chrome extension providing account visibility.

Vitalik Buterin opened a $500 million perpetual short position on ETH on the platform.

Reached final four in Coinage Media's "Crypto Project of the Year" voting series.

Executed buybacks increased by 21.6% over the 30-day period ending on February 24, 2026, though 7-day buyback activity decreased by 29%.

CoinShares launched a physically backed Hyperliquid Staking ETP, providing exposure to HYPE token.

Integrated perpetual futures into Trojan Terminal, a Solana-based trading platform offering multi-asset trading with up to 50x leverage.

Maintained 100% uptime during the October 10th crypto crash and processed record volume without system failure.

Integrated with Zerion to power perpetuals trading for all Zerion iOS users.

Scored 57/80 in a comprehensive perp DEX framework evaluation, ranking second overall across eight dimensions including 328 orderbook snapshots, liquidation analysis, and regulatory exposure mapping.

Bitwise filed for a hyperliquid ETF among 11+ altcoin ETF filings in 2026.

A single wallet took a large short position on MET token on Hyperliquid.

Circulating supply fell below 300M coins, with exchange revenues driving net burns that exceed the combined rate of staking emissions and team unlocks.

Whale 0xcd6b deposited 7.35M USDC into Hyperliquid and opened long positions totaling 61,951 xyz:NVDA ($11.94M) and 2,920 xyz:SNDK ($2M), with a pending limit order for 40,778 xyz:NVDA ($4.53M).

Unstaked 1M $HYPE tokens on February 18, 2026, to establish a Policy Center in Washington, D.C.

Generated $947K in fees over a 24-hour period, exceeding Solana's $685K.

Added AZTEC perpetuals with 3x leverage.

Integrated with Pendle's Boros platform offering BTCUSDC and GOLDUSDC interest rate products with maturity on 2026-03-27.

Wallet 0x418a accumulated over $36 million in profits, representing a 42% gain over the previous week and over 300% gain over the previous three months.

Based, a SuperApp built on Hyperliquid, surpassed $39B in total volume.

ContinueCapital distributed 865,000 HYPE tokens across three new addresses and sold the entire amount to the market within 20 hours on 2026-02-23.

A whale holding a 1.38M HYPE long position (valued at $35.9M) deposited an additional 2.4M USDC to avoid liquidation, with the new liquidation price at $23.91.

A wallet deposited 1.8M USDC and opened a 25x leveraged long position on 13,563 ETH ($24.87M) with a liquidation price of $1,748.18.

Integrated into defiapp, a multi-protocol platform that aggregates Hyperliquid with other DeFi protocols including Aave and DEXs.

Listed on Flash Trade with up to 20x leverage for perpetual trading on Solana, offering exposure through Pool 3 for LPs and FLU for traders.

Trading at $28.94 as of February 23, 2026.

Ranked as the 5th highest entity by 7-day fee generation in crypto.

Dark pools feature launched on Hyperliquid through Silhouette integration.

Based, a web3 trading and payments app, is built on Hyperliquid and integrates perpetual futures, prediction markets, and wallet services on the platform.

Raised $11.5M Series A funding led by Pantera Capital with Coinbase Ventures and Wintermute, structured with equity and token warrants, to integrate perpetuals, prediction markets, and crypto debit cards.

HIP-3 open interest reached $1 billion all-time high, with Silver, Nasdaq 100 (XYZ100), and Gold contracts generating volume.

Deposited $1.5M USDC and opened a $28.44M ETH long position with 25x leverage on February 23, 2026, at a liquidation price of $1,819.55.

Reached a peak of 74,300 active addresses in 2025 and currently has 49,900 active addresses.

A trader holds a 5x leveraged long position worth approximately $41 million on HYPE with an unrealized profit of approximately $4.15 million as of February 23, 2026.

A whale (High Turnover Barracuda) opened a $24.8M ETH long position at 20x leverage on Hyperliquid with a liquidation price of $1,828.75, representing 100% of their remaining $1.23M margin.

HIP-3 DEXs achieve combined daily volume exceeding $1 billion on weekdays.

Integrated with RangoExchange for cross-chain bridging and swapping, enabling users to move assets from Bitcoin, Solana, Tron, and EVM chains to Hyperliquid and HyperEVM with zero dApp fees.

Operates with 10-11 employees at Hyperliquid Labs.

A whale trader (Emerald-Jellyfish-e5j) opened a $20.4M short position on BTC at 40x leverage on Hyperliquid, representing 300 BTC with a liquidation price of $70.4k.

Partners with TreadFi to offer a 5x XP boost starting February 25, 2026.

Staking is available on Binance US with weekly rewards.

A whale (Arctic-MahiMahi-r6b) opened a $20.27M BTC long position at 40x leverage on Hyperliquid, allocating 100% of their $1.31M desk with 5.3% margin remaining before liquidation.

Will enable cross margin for HIP-3 in the next mainnet upgrade.

A whale trader labeled "Deep Inflow Hammerhead" opened a $20M leveraged BTC long position on Hyperliquid using 20x leverage, representing 100% of their $1.38M margin, with liquidation at $63,752.

The whale trader "Deep Inflow Hammerhead" generated $134M in trading volume on Hyperliquid over 8 days.

MoonPay is running a $1,000 giveaway promotion (5 winners of $200 each) to celebrate Dreamcash trading experience on Hyperliquid, with winners to be announced on 2026-02-27.

Reached $25 billion in trading volume in a single session approximately six weeks after December 25, 2025.

Generated $644M in total trading volume over a 9-day period from a single whale trader account.

Listed on HTX exchange with deposits opened and trading starting soon.

Partners with Dreamcash and MoonPay to enable fiat onramps into the Hyperliquid ecosystem through Dreamcash's trading terminal across app, web, and desktop.

Featured as a case study alongside Uniswap and Jupiter at InnovateDenver conference panel discussing successful airdrop strategies, with speakers noting Hyperliquid had real users before token distribution that amplified existing traction.

Integrated with BitMEX's Copy Trading marketplace, allowing users to follow or go against top Hyperliquid traders.

Holds 120,000 ETH long position worth $230 million across two addresses, with an unrealized loss of $10.35 million as of 2026-02-23, controlled by a single trader.

Daily trading volume accounts for approximately 30% of the total Perp DEX sector volume.

Daily trading volume reaches approximately 15% of Binance's daily trading volume.

Assistance Fund buys back $1.5M HYPE daily, removing it from economic supply, with all revenue going to buyback and burn of HYPE tokens.

237M team tokens vesting through 2027.

TradFi perpetuals reached 31.6% of total trading volume over the last 30 days, up from 5% in late January 2026.

Recorded $382 billion in total trading volume since late December 2025.