hyperliquid04
$hype
MCAP6.19B
+7.26%

what's hyperliquid?

Hyperliquid is a high-performance Layer-1 blockchain and decentralized exchange specializing in perpetual futures trading with fully on-chain order books and zero gas fees. It enables fast, low-cost perpetuals, spot trading, and liquidity provision through innovative features like vaults for copy trading and a custom consensus algorithm. The platform bridges CeFi efficiency with DeFi transparency, supporting developers via HyperEVM for building financial applications.

Snapshot

OpenSea integrates Hyperliquid perps; YZi Labs invested; Grayscale considers; 1000+ new wallets daily.

contract

hyperliquid

5H ago
VISIBILITY EVENT

OpenSea is integrating Hyperliquid perps into its mobile app, currently battle testing the product with active traders and collectors.

14H ago
PARTNERSHIP

YZi Labs (associated with Binance) invested in Genius Terminal, a trading terminal that integrates with Hyperliquid for perpetual futures trading.

15H ago
ONCHAIN METRICS

Has 1000-1500 new wallets joining per day.

20H ago
VISIBILITY EVENT

Added to Grayscale's list of 30+ crypto assets under consideration for future investment products.

1D ago
MARKET ACTIVITY

Listed XMR1 (a Monero wrapper token) as a trading pair, accessible via builder codes but not displayed on the main frontend due to regulatory concerns.

PARTNERSHIP

Integrated with Across Protocol to enable bridging support.

PARTNERSHIP

Integrated into Glyph Wallet for cross-network swaps alongside ApeChain, Ethereum, Arbitrum, Base, and BNB Smart Chain.

ONCHAIN METRICS

Achieved over $10 million in volume and over $1.7 million in open interest on the US500 market via markets_xyz during its opening hours on 2026-01-12.

VISIBILITY EVENT

Hyperliquid's Jeff featured in Fortune magazine.

2D ago
PARTNERSHIP

Integrated with a derivatives market platform for physical collectibles (including Pokémon cards), with mainnet timeline and first tickers announced.

ONCHAIN METRICS

Experienced a low-volume day in 24-hour perpetuals trading volume, as part of a broader slowdown in crypto activity on January 11, 2026.

TECH EVENT

Hyperliquid perp intelligence made accessible via x402 for real-time agent context through Loky_AI integration.

4D ago
TECH EVENT

Added a Tradfi section to the native UI combining stocks, indices, commodities, and FX trading in one tab.

PARTNERSHIP

Integrated with Predict, enabling USDT and USDC deposits from HyperEVM to the Predict platform.

PARTNERSHIP

Integrated with Rosetta, a yield router that automatically optimizes capital allocation across Hyperliquid vaults, lending, and funding pools for risk-adjusted returns, protected by Privy.

WHALE ACTIVITY

Whale address 0xDAeF deposited 8.09M USDC and placed limit orders to buy 59,458 SOL (worth $8M) at prices between $133.88-$135 on 2026-01-09.

5D ago
ONCHAIN METRICS

Trove Markets, deployed on HyperEVM, has achieved over $1 billion in trading volume across its markets.

WHALE ACTIVITY

Wintermute deposited over $40M into Hyperliquid on January 8, 2026 for arbitrage activity.

VISIBILITY EVENT

Hosting a community hackathon in London on January 16-18, 2026.

MARKET ACTIVITY

Added new Pendle yield pools on Hyperliquid for hwHYPE and hwHLP tokens via Penpiexyz integration.

6D ago
VISIBILITY EVENT

Released new art that resembles an NFT roadmap, increasing visibility and speculation about potential NFT-related plans.

WHALE ACTIVITY

A whale/institution closed positions and withdrew 31.7 million USDC from Hyperliquid after liquidating BTC long contracts at a loss.

MARKET ACTIVITY

Listed FXRP/USDC spot trading pair on 2026-01-07, marking the first XRP spot exposure available on the platform via Flare's FXRP token.

MARKET ACTIVITY

Went live on 0xPPL platform.

TOKEN ECONOMICS

Introduced sKNTQ staking tiers ranging from 50,000 to 2,500,000 sKNTQ, with KNTQ buybacks distributed exclusively to sKNTQ stakers and staking launch imminent pending audits.

VISIBILITY EVENT

Shared a map of developments and achievements, sparking airdrop rumors.

ONCHAIN METRICS

Recorded $55M in net inflows within 24 hours, the highest among cross-chain bridges during that period.

WHALE ACTIVITY

Whale 0xc613 deposited 2M USDC into Hyperliquid and opened a 40x short position on 358.85 BTC valued at $33.24M on 2026-01-07.

WHALE ACTIVITY

Whale 0xFB78 deposited 15.5M USDC into Hyperliquid and opened a 20x long position on 980 BTC valued at $90.7M with an entry price of $92,885.

1W ago
PARTNERSHIP

Integrated directly into Phantom, Rabby, Rainbow, and MetaMask wallets for embedded perpetual trading.

WHALE ACTIVITY

A whale was liquidated for $11.3 million in a single BTC/USD long order on the platform.

WHALE ACTIVITY

A whale opened a $140,000,000 long position on BTC, currently showing a $517,000 unrealized profit.

PARTNERSHIP

Integrated with Elfa AI platform to enable direct trading execution from Elfa's interface.

TOKEN ECONOMICS

Burned Assistance Fund HYPE tokens in 2025.

PARTNERSHIP

Collaborates with SEDA and Pyth Network to power HIP-3 markets with programmability and data sources.

VISIBILITY EVENT

A Based trading terminal leveraging Hyperliquid announced BASED token launch scheduled for Q1 2026 with eligibility requiring sign-up of terms and conditions.

ONCHAIN METRICS

Reached $14B in trading volume.

TOKEN ECONOMICS

Token unlock scheduled for the week of January 5-11, 2026.

WHALE ACTIVITY

Whale "pension-usdt.eth" deposited $30 million USDC and opened a 3x leveraged short position on 20,000 ETH (worth $63.14-64.14 million) with an entry price of $3,136, currently showing an unrealized loss of $0.9-1.4 million.

RISK ALERT

A whale allegedly used leaked information to short markets on October 10th, 2025, just ahead of Trump's tariff announcement, with investigations pointing to the World LibertyFi circle as the source.

TECH EVENT

deployed new precompiles

ONCHAIN METRICS

USDH holder base grew approximately 10x during Q4 2025.

WHALE ACTIVITY

Trader James Wynn grew an initial $10,000 position into $500,000 in unrealized profit through leveraged long positions on PEPE starting December 27, 2025, after previously losing $100 million on the platform six months earlier.

WHALE ACTIVITY

A trader turned $58,700 into $489,900 in one week by opening a 10× long position on PEPE, depositing funds into Hyperliquid and rolling profits to build a position of 221.96M kPEPE ($1.52M).

WHALE ACTIVITY

NobsFund acquired approximately 806,000 HYPE tokens on market for $20 million at an average cost of $24.80 per HYPE, adding the position to their long-term treasury.

MARKET ACTIVITY

Launched wstHYPE/HYPE lending markets on Felix Protocol on January 2, 2026, with initial borrow rates at 0.22%.

ONCHAIN METRICS

TVL increased by 25% in the 72 hours following the TGE

PARTNERSHIP

Integrated with ShapeShift swap aggregator for HyperEVM chain support

PARTNERSHIP

Partners with Noble to launch a managed vault on Hyperliquid.

TECH EVENT

Evolves toward programmable finance L1 in 2025

ONCHAIN METRICS

Generated $4.7M in PnL for trader Laurent Zeimes, $2.3M for CBB, $1.7M for Nexus, and $1.1M for CL on perpetuals during the 90-day period ending in 2025.

OPINION SPECULATION

Compared to launchpad wars where Pumpfun won as the OG, suggesting Hyperliquid as the OG perp DEX may win the perp DEX wars.

TOKEN ECONOMICS

Has no private investors, no market maker deals, and charges no protocol fees to any company.

PARTNERSHIP

Integrated with Wormhole's Native Token Transfers (NTT) standard for multichain token functionality.

OPINION SPECULATION

Did not raise venture capital funding, allowing retail users to acquire tokens at the same price as institutional participants.

MARKET ACTIVITY

A USDC borrowing pool using kHYPE as collateral is available on Morpho with 4.73% APR.

MARKET ACTIVITY

Faced significant competitive challenge from Aster protocol in Q4 2025 for perpetual DEX market dominance.

ONCHAIN METRICS

Reached $117.1B in year-to-date DEX volume.

2W ago
REGULATORY

Bitwise submitted an application to the U.S. SEC for a Bitwise Hyperliquid Strategy ETF on December 30, 2025.

MARKET ACTIVITY

HyperEVM is now live on OKU Trade.

VISIBILITY EVENT

Received the Revenue Meta Award for 2025 from The Rollup.

PARTNERSHIP

Integrated with Safe Wallet, enabling Smart Account standards deployment on the network in 2025.

TOKEN ECONOMICS

Allocates 100% of protocol revenue to token buybacks.

ONCHAIN METRICS

Reached $1.47B in Total Value Locked (TVL) as of late December 2025.

VISIBILITY EVENT

Hyperliquid ranked as the top attention gainer of 2025 with an 883% increase, according to LunarCrush metrics.

MARKET ACTIVITY

Supports trading of ZEC, MON, and NEAR tokens on the platform.

OPINION SPECULATION

Described as one of a few blockchains expected to remain relevant alongside Bitcoin and Solana, positioned as a verticalized network amid predictions of widespread crypto asset irrelevance in 2026.

ONCHAIN METRICS

Achieved $21.5 billion in perpetual futures volume over the seven days ending approximately December 29, 2025.

ONCHAIN METRICS

Open interest for HYPE token reaches an all-time high measured in coins.

TECH EVENT

RubiFi development is stopping, with $RUB reverting to memecoin status.

ONCHAIN METRICS

Weekly revenue dropped to its lowest level since early May 2025.

TOKEN ECONOMICS

Will cut perpetual funding rates by halving the funding formula.

WHALE ACTIVITY

Opened a +$20.1M ETH long position with 10x leverage over a 20-minute period.

WHALE ACTIVITY

Increased a BTC long position to +$44.4M with 20x leverage.

WHALE ACTIVITY

whale 0xA71d deposited 1.81M USDC into Hyperliquid approximately 8 hours before December 29, 2025 01:37 UTC and opened a 3x long position on 500,000 LIT valued at $1.83M

TOKEN ECONOMICS

scheduled for a cliff unlock exceeding $5 million in value within the 7-day period starting December 29, 2025

TOKEN ECONOMICS

Unstaking 1.2 million HYPE tokens on December 28th for distribution to team members on January 6th, 2025, with any future distributions occurring on the 6th of each month.

ONCHAIN METRICS

Added approximately 609,700 new users in 2025.

WHALE ACTIVITY

A trader named ReturnToTradition opened a $22.0M long position on BTC with 40x leverage at an entry price of $87.6k, executed on the Hyperliquid platform.

WHALE ACTIVITY

A trader (Fog-Pollock-j5s, wallet 0x50b3_9f20) increased their short position to -$45.9M BTC with 20x leverage at an average entry of $87.5k.

ONCHAIN METRICS

Total open interest reached approximately $5.3B-$7.1B, with the whale position representing 10-14% of total open interest and 20-25% of ETH-specific open interest.

WHALE ACTIVITY

recorded the largest single liquidation across all platforms in the past 24 hours, a $7.02M BTC-USD position

WHALE ACTIVITY

A whale holds over $744M in long positions across ETH, BTC, and SOL with more than $53M in unrealized losses.

WHALE ACTIVITY

A whale (Emerald-Jellyfish-e5j) closed a $30.6M BTC short position with a profit of $328.8k after 12 hours on December 26th.

VISIBILITY EVENT

Season 2 is expected to launch, following the first season of incentive programs.

ONCHAIN METRICS

Averaged 6,502 orders per second throughout 2025.

MARKET ACTIVITY

SpaceX shares are trading at approximately $940, implying a $1.6 trillion valuation on the platform.

TOKEN ECONOMICS

Burned 37 million HYPE tokens on December 26, 2025.

ONCHAIN METRICS

Recorded $3.87 billion in net inflows in 2025.

WHALE ACTIVITY

A trader opened a $22.17M short position on BTC with 40x leverage at an average entry price of $88,683, with liquidation at $92,756.

WHALE ACTIVITY

A trader identified as Fog-Pollock-j5s closed a $21.8M ETH long position with 18x leverage on Hyperliquid, realizing a profit of $8,324 after one hour of execution on December 26, 2025.

WHALE ACTIVITY

A trader with account identifier Fog-Pollock-j5s opened a $20.9M short position on ETH with 18x leverage at an average entry price of $2,972.66 on December 26, 2025.

TECH EVENT

V2 of defiapp launched with native Hyperliquid withdrawals settling in 2-5 seconds, compared to 5-10 minutes previously, supporting 40x perpetuals and 40+ million tokens while remaining fully self-custodial.

ONCHAIN METRICS

Perpetual swap cumulative volume delta (CVD) was positive for some parts of 2025, contrasting with negative CVD on other major exchanges including +$1.634B in July and +$1.515B in September.