Hyperliquid allows external market builders to keep half of trading fees through its HIP-3 system, but Kain Warwick, founder of Synthetix, calls this 50% split "a bit crazy" and predicts it will be reduced. Despite growing volumes, Hyperliquid's revenue and token buybacks have declined sharply, indicating that the fee share is impacting the protocol's earnings. Most of the risk is concentrated in one builder, trade.xyz, which controls over 90% of open interest, raising concerns about platform dependency. Warwick suggests Hyperliquid holds pricing power and can lower the builder fee share without losing its market dominance.
A major Hyperliquid whale sold 923,743 HYPE tokens worth $53.02 million, adding to previous sales totaling 1.95 million HYPE worth about $110.46 million. Despite this heavy selling, HYPE showed signs of bullish momentum with technical indicators sugg...
A cryptocurrency investor lost about $550,000 in USDC after falling victim to a phishing scam using a fraudulent Google search ad for Hyperliquid. The scam redirected the user to a fake website mimicking Hyperliquid, compromising sensitive informatio...
Hyperliquid reported a 250% increase in net income for Q2, reaching $30.95 million, alongside a 175% rise in adjusted EBITDA to $53.65 million. This strong financial performance supports a bullish trend in the HYPE token, which is also seeing increas...
The crypto market remained stable with Bitcoin near $63,000-$64,000 and total market cap around $2.16 trillion after U.S. inflation data showed cooling trends. July CPI rose modestly, easing fears of aggressive Fed rate hikes but not sparking broad c...
Hyperliquid, a decentralized exchange for perpetual futures, is lobbying for U.S. regulatory approval to allow firms to offer perpetual futures on its blockchain. This effort aligns with recent moves by the Commodity Futures Trading Commission (CFTC)...
