Hyperliquid, a decentralized trading platform launched in 2023, has seen its native HYPE token rise 94% in three months, driven by expansion from crypto perpetual futures into commodities, forex, prediction markets, and stablecoin services. The platform's 24/7 trading and permissionless market creation attract investors and asset managers launching ETFs tied to HYPE. With trading volume surging to $2.9 trillion in 2025 and new revenue streams from partnerships like Coinbase, Hyperliquid aims to become a major financial exchange. However, it faces regulatory scrutiny and competition from traditional and crypto markets as it seeks to sustain growth.
Hyperliquid has arranged for the yield generated from Circle’s $6.07 billion treasury to be directly used for buying back HYPE tokens, creating about $498,580 in daily purchase power. This mechanism could burn around 5,684 HYPE tokens daily, increasi...
Hyperliquid Strategies recently purchased 1.9 million Hyperliquid (HYPE) tokens worth $167.2 million, increasing its total holdings to about 37 million HYPE tokens valued at $3.2618 billion. The Nasdaq-listed company also holds $292.6 million in cash...
Hyperliquid has received $14.6 million in USDC yield to fund buybacks of its HYPE token through its Assistance Fund, which aims to buy and burn tokens to increase their value. This yield comes from the AQAv2 mechanism that allocates about 90% of the ...
On October 2, Grayscale's Hyperliquid Staking ETF (ticker HYPG) attracted $3.3709 million in net inflows, representing all spot fund inflows tracking Hyperliquid (HYPE) that day. The fund's cumulative net inflows have reached $153 million, contributi...
Hyperliquid has enabled its native token, HYPE, to be transferred across Solana, Base, and Unichain using Wormhole's Native Token Transfers standard. This multichain rollout, launched on September 3, 2025, aims to reduce liquidity fragmentation and o...
