Kinetiq, controlling 82.5% of Hyperliquid's liquid staking market, is launching Elysium, a new Layer 2 chain designed to improve trading speed and reduce fees on Hyperliquid. Elysium will use HYPE as its gas token and integrate natively with HyperCore, enhancing throughput and execution for spot trading, PropAMMs, token launches, and perpetual contracts. Half of sequencer fees will fund KNTQ token buybacks and burns, creating deflationary pressure. This upgrade aims to revive trading activity by addressing current infrastructure limits and maintaining token ecosystem cohesion.
A group of 12 wallets deposited 36 million USDC into Hyperliquid within 24 hours, using about $24 million to buy 282,090 HYPE tokens at an average price of $81.50 each. The cluster now holds and stakes approximately 4.679 million HYPE, valued around ...
Hyperliquid (HYPE) has secured a strong breakout above $75–$76, trading around $81.30, but is overbought and may see a correction. Ethereum (ETH) surged past $2,400, facing resistance near $2,500, with potential to reach $2,700 if support holds. Chai...
Hyperliquid has introduced tokenized versions of Nvidia (NVDAx), Nasdaq-100 ETF (QQQx), and S&P 500 ETF (SPYx) as native spot markets on its decentralized platform, allowing 24/7 trading against USDC. This expansion from preliminary stages to active ...
Hyperliquid has activated AQAv2, a new mechanism directing 90% of yield from about $5 billion in USDC reserves into automatic buybacks and burns of its HYPE token. This upgrade, approved by 69.08% of validators, builds on a partnership with Circle an...
Hyperliquid's cryptocurrency token HYPE surged to a new high of $83.27, surpassing its previous peak of $67, driven by strong institutional buying and positive US regulatory developments. The rally follows Bitcoin's stabilization and a broader crypto...
