Artículos Relacionados con Hyperliquid

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Hyperbeat: Launching a 'Bank' on Hyperliquid

Hyperbeat, a protocol built on Hyperliquid, has launched "Liquid Banking," a self-custodial banking solution deployed on HyperEVM. It integrates stablecoin deposits, VISA card spending, perpetual trading, and multi-currency fiat on/off ramps into a single on-chain smart wallet. The core feature is "Credit Mode," powered by Morpho's lending engine. Users deposit assets like BTC or ETH as collateral. When spending with the VISA card, the system instantly borrows stablecoins via Morpho to complete payments, while the collateral remains on-chain earning yield. There is no grace period—interest accrues immediately upon spending. Hyperbeat uses its native stablecoin, beatUSD, issued in partnership with Paxos. Deposit yields come from real borrowing interest generated by consumer spending. Fiat services are provided by Noah, supporting multiple currencies, and the VISA card is issued by Third National via infrastructure from Rain. As a self-custodial system, user assets stay in their smart wallet. To prevent fraud, withdrawals require a cooling period and operator approval for collateral removal. The system emphasizes transparency and on-chain security but places responsibility on users to manage their account health, with no customer support to reverse errors.

marsbit04/09 10:12

Hyperbeat: Launching a 'Bank' on Hyperliquid

marsbit04/09 10:12

The Unbundling of the Stock Market

The article "The Unbundling of Stock Markets" by Prathik Desai argues that traditional financial markets, built on outdated structures like fixed trading hours and centralized exchanges, are being disrupted. Recent developments, such as S&P licensing its 500 index to a new crypto exchange (Hyperliquid), Nasdaq's SEC-approved tokenized stock trading, and Cboe's proposal for near 24/5 US equity trading, signal a shift towards unbundled, efficient, and accessible markets. Capital seeks the fastest path to price information, and new platforms like Hyperliquid's HIP-3, which offers 24/7 trading of traditional assets (e.g., commodities, indices) via perpetual contracts, are gaining traction due to their liquidity, lower friction, and ability to react to global events in real-time. The author concludes that market participants will adopt any structure that reduces the delay between events and price discovery, regardless of whether it originates from traditional institutions or permissionless blockchain platforms.

marsbit04/06 12:50

The Unbundling of the Stock Market

marsbit04/06 12:50

New revenue hierarchy? How Hyperliquid is outpacing legacy chains

The blockchain value capture model is shifting from passive transfers to active trading, with perpetual trading volume ($8.4B) far exceeding spot DEX activity ($3.7B). Hyperliquid exemplifies this trend, capturing 36.4% of DeFi fees by March 2026, while Ethereum and Solana see declining shares. Its derivatives platform generated $154.95B in total volume from 212,843 traders, driving $12.43M in fees. A key mechanism redirects fees—$403,475 in 24 hours—to buybacks, removing 10,794 HYPE tokens from circulation. This creates a feedback loop where trading activity fuels fees, buy pressure, and token value appreciation, highlighting how specialized trading platforms now dominate value capture over general-purpose chains.

ambcrypto04/06 03:03

New revenue hierarchy? How Hyperliquid is outpacing legacy chains

ambcrypto04/06 03:03

Data Research: How Big Is the Liquidity Gap Between Hyperliquid and CME Crude Oil?

This analysis compares the liquidity and market structure of Hyperliquid's xyz:CL perpetual contract with CME's CLJ6 WTI crude oil futures. Key findings reveal Hyperliquid's absolute liquidity metrics are significantly lower than CME's, with its depth being less than 1% of CME's across various price points. The median trade size on Hyperliquid ($543) is 166 times smaller than on CME ($90,450), reflecting its crypto-native retail user base. While Hyperliquid exhibits high execution slippage for large orders (20x higher for a $1M order), its weekend trading activity shows a notable trend. Over three observed weekends, Hyperliquid's volume grew from $31M to over $1B, and its price discovery capability improved, closely aligning with CME's Monday opening prices by the third weekend. The increasing average trade size on weekends suggests growing use by traders seeking hedging exposure outside CME hours, not just speculators. The primary obstacle for Hyperliquid's expansion among institutional investors remains its high transaction costs for large orders. Without improving its capacity for institutional-sized trades, it risks remaining a supplementary weekend venue rather than a primary marketplace.

marsbit04/06 02:51

Data Research: How Big Is the Liquidity Gap Between Hyperliquid and CME Crude Oil?

marsbit04/06 02:51

Data Research: How Big Is the Liquidity Gap Between Hyperliquid and CME Crude Oil?

This analysis compares the liquidity and market structure of Hyperliquid's xyz:CL perpetual crude oil contract with CME's CLJ6 futures contract over a three-week period from late February to mid-March 2026. Key findings reveal a significant liquidity gap: Hyperliquid's average depth is less than 1% of CME's, with a 125x difference at the ±2 bps level. The median trade size on Hyperliquid ($543) is 166x smaller than on CME ($90,450), reflecting its crypto-native retail user base. For a $1M order, estimated slippage on Hyperliquid (15.4 bps) is approximately 20x higher than on CME (0.79 bps), indicating it currently lacks the capacity for institutional-sized orders. However, a notable trend emerged during weekends when CME is closed. Hyperliquid's weekend trading volume grew significantly over the three observed weekends, from $31M to over $1B, and the average trade size increased, suggesting use by traders seeking exposure or hedging ahead of Monday's open. While an initial "discovery boundary" mechanism limited price discovery on the first weekend, subsequent weekends showed Hyperliquid's price increasingly converged with CME's Monday opening price, demonstrating its evolving price discovery capabilities. The report concludes that while Hyperliquid's absolute liquidity metrics are not comparable to CME, its growing weekend activity shows promise. However, high transaction costs for large orders remain a major barrier to attracting institutional participants.

Odaily星球日报04/06 02:50

Data Research: How Big Is the Liquidity Gap Between Hyperliquid and CME Crude Oil?

Odaily星球日报04/06 02:50

Weekly Token Unlocks: LINEA Unlocks Tokens Equivalent to 5.3% of Circulating Supply

Weekly Token Unlock Report: Major Unlocks for LINEA and Hyperliquid This week sees significant token unlocks for two projects. LINEA, a zk-rollup developed by ConsenSys R&D, is set to unlock 1.38 billion tokens, valued at approximately $4.66 million. This release represents 5.3% of its circulating supply. The project is designed to allow developers to deploy any smart contract and build as they would on Ethereum. Additionally, a high-performance blockchain aiming to create a fully on-chain open financial system, will unlock 330,000 tokens. This unlock is valued at around $1,210. Both projects have provided their specific token release schedules.

marsbit04/05 02:58

Weekly Token Unlocks: LINEA Unlocks Tokens Equivalent to 5.3% of Circulating Supply

marsbit04/05 02:58

Hyperliquid Goes To University — This Study Is Now Required Reading For Traders

Hyperliquid's founder Jeff Yan visited Harvard Business School on March 26, where a case study titled "Hyperliquid: The Everything Exchange" was taught to MBA students and regulators. The study examines Hyperliquid’s architecture, governance, and risk controls, focusing on the tension between innovation and systemic risk. Key questions include who controls upgrades and emergency powers, the transparency of order-book operations, and how the platform would handle catastrophic failures. The case also compares Hyperliquid to centralized exchanges like FTX and other DeFi protocols, questioning whether its "core writer" model concentrates too much power. For traders, the study underscores that liquidation and backstop mechanisms are critical in determining loss distribution during high volatility, signaling that DeFi derivatives are now being treated as systemically important.

bitcoinist03/30 14:32

Hyperliquid Goes To University — This Study Is Now Required Reading For Traders

bitcoinist03/30 14:32

Hyperliquid Policy Center’s Concerns Over CLARITY Act– Urges Fixes To Protect DeFi Developers

The Hyperliquid Policy Center (HPC), led by CEO Jake Chervinsky, has raised significant concerns regarding the CLARITY Act as it approaches a potential Senate Banking Committee markup. While a key debate has centered on a provision that would bar platforms from offering yield on stablecoins, Chervinsky argues the most critical issue is protecting non-custodial DeFi software developers from being misclassified as money transmitters and subjected to KYC obligations. He points to the Blockchain Regulatory Certainty Act (BRCA) within the draft, which provides such protections, but warns that conflicting language in Title 3 of the CLARITY Act could still impose these duties on developers, which he calls "non-negotiable for DeFi." Senator Cynthia Lummis responded, assuring that bipartisan negotiators are working on amendments to Title 3 to strengthen protections. The timeline for the Senate Banking Committee's markup remains uncertain.

bitcoinist03/28 03:02

Hyperliquid Policy Center’s Concerns Over CLARITY Act– Urges Fixes To Protect DeFi Developers

bitcoinist03/28 03:02

The Midfield Battle of Perp DEX: The Declining, The Self-Rescuers, and The Latecomers

The article "Perp DEX Midfield Battle: The Declining, The Self-Rescuers, and The Newcomers" discusses the shifting landscape of decentralized perpetual exchanges (Perp DEX). Hyperliquid saw a weekly trading volume of approximately $15 billion, driven largely by commodity contracts like crude oil, gold, and silver amid geopolitical tensions and market volatility. Meanwhile, GMX Labs is hiring a CEO, moving away from its founder-driven model, and dYdX's market share dropped from 73% in early 2023 to single digits by late 2024. The decline of GMX and dYdX is attributed to several factors: reliance on token incentives that inflated trading volumes artificially, architectural limitations (e.g., GMX's liquidity pool model capping open interest, dYdX's costly migration to Cosmos), and misjudging key competitive factors like performance and market maker density. Hyperliquid, in contrast, grew slowly without VC backing or token incentives. It built its own L1 chain with a fully on-chain order book, focusing on transparency to attract market makers. It strategically expanded into traditional assets only after establishing a robust ecosystem, enabling it to capture demand during events like the Iran crisis. It now leads with ~54% of open interest among top Perp DEXs, ahead of Aster (~15%). The article concludes that the first generation of Perp DEXs is transitioning to professional management, while new opportunities lie in replacing traditional financial infrastructure, as Hyperliquid demonstrates by handling real-world demand.

marsbit03/27 09:31

The Midfield Battle of Perp DEX: The Declining, The Self-Rescuers, and The Latecomers

marsbit03/27 09:31

Hyperliquid: How spot buyers saved HYPE from $22.9mln whale crash

Despite significant capital outflows and a major whale (High Stakes Capital) liquidating $22.9M worth of HYPE, the token's price rose nearly 8% to trade above $40. This divergence was driven by strong spot buying activity, which absorbed the selling pressure and shifted netflows to negative—indicating accumulation. The market showed resilience against large-scale exits, supported by Hyperliquid's strong fundamentals, including $1B in annualized revenue from recent upgrades, which fund token buybacks and burns. This dynamic helped HYPE recover from $25 to $41, suggesting continued stability and potential upside.

ambcrypto03/25 18:04

Hyperliquid: How spot buyers saved HYPE from $22.9mln whale crash

ambcrypto03/25 18:04

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