Hyperliquid, a decentralized perpetual futures exchange, generates about $700 million to $1.2 billion in annualized revenue from $3 billion in collateral, driven by over $4.7 trillion in cumulative trading volume. Launched in 2023 without venture capital funding, it operates on a custom Layer-1 blockchain and uses a fee structure that channels 99% of certain fees to buy back its native token, HYPE. The platform is expanding into off-chain event contracts and S&P 500 perpetuals, aiming to compete with centralized exchanges and prediction markets. This growth strategy and its unique funding model make Hyperliquid a notable case for investors considering the sustainability and valuation of DeFi projects.
Major cryptocurrencies fell this week as investors favored AI-related stocks, with Dogecoin and Hyperliquid's HYPE dropping about 10%. Bitcoin was more resilient, dipping 5.3% but quickly rebounding from lows near $58,000 due to aggressive buying. Cr...
U.S.-listed altcoin ETFs experienced mostly flat net flows on June 25, with notable outflows concentrated in Solana and Hyperliquid ETFs. Solana's outflows were driven by redemptions in Bitwise’s BSOL fund, while Hyperliquid saw declines in two of it...
Bitcoin slipped below $60,000, trading around $59,586 after a US inflation report showed higher-than-expected Personal Consumption Expenditures, signaling prolonged Fed interest rate hikes. This triggered a $1.48 billion crypto liquidation, dragging ...
Hyperliquid's token price pulled back from its all-time high of $76.70 to trade near $63, maintaining strong support around $60 despite a broader crypto market decline. Large investors, or whales, continue buying during this pullback, signaling confi...
Multicoin Capital forecasts that Hyperliquid's HYPE token could reach $319 by 2028, implying over five times its current value of around $63. This projection is based on expected revenue growth, with Hyperliquid expanding beyond crypto perpetuals int...
