# Сопутствующие статьи по теме Hyperliquid

2025 Crypto Wallet Undercover Battle: Is Competing to Integrate Hyperliquid a Good Business?

In 2025, the crypto wallet sector is witnessing a quiet battle as major players like MetaMask, Phantom, and Bitget rush to integrate Hyperliquid's perpetual trading capabilities. This trend is driven by Hyperliquid's innovative Builder Fee and Referral mechanism, which allows third-party platforms to earn commissions by routing user trades. However, the integration is complex, with varying approaches: some wallets use Hyperliquid's open API for quick setup, while others deploy read-only nodes for better performance but higher costs. Despite initial hype and significant referral payouts (e.g., Phantom earned substantially more than MetaMask), the long-term viability is questionable. Hyperliquid's user base is highly concentrated, with a small number of whales generating most trading volume, making it challenging for integrated wallets to attract and retain meaningful users. Additionally, technical hurdles like rate limiting, data consistency issues, and high infrastructure costs further dampen prospects. While integration offers short-term ecosystem expansion, it may not be a profitable strategy long-term. Many wallets might eventually pivot to developing their own perpetual trading solutions or aggregating multiple protocols to capture real value beyond mere commission splits.

marsbit12/29 06:06

Solana and Hyperliquid dominate 2025 chain revenue!

Solana and Hyperliquid are the top blockchain revenue generators in 2025, with Solana leading at $1.3 billion and Hyperliquid following with $816 million—both surpassing Ethereum. Solana maintains high transaction volumes and revenue despite stable TVL ($7B–$12B), driven by usage in DeFi, memecoin trading, and DePIN. Hyperliquid, a specialized derivatives platform, saw TVL grow from $2B to a $6B peak before stabilizing around $4.1B, with revenue remaining strong due to sustained trading activity. Both networks demonstrate that execution efficiency and high-throughput usage, rather than TVL size or social sentiment, are key to value capture in 2025.

ambcrypto12/26 19:23

Hyperliquid: Can $912 mln in token burns help HYPE target $40?

Hyperliquid (HYPE) has faced significant selling pressure, dropping from a high of $50 to around $24. To counter this, the Hyper Foundation burned 37 million HYPE tokens (worth over $912 million) after an 85% approval in a governance vote. This reduced the circulating supply by 11-13%, aiming to increase scarcity and ease sell pressure. Exchange outflows have exceeded inflows, suggesting reduced selling pressure. Recent data shows buyers are outpacing sellers for the first time in weeks, indicating potential momentum. If the burn positively impacts the market, HYPE could target $30 or even $40. However, failure may lead to a drop below $20.

ambcrypto12/25 04:02

Whoever Masters 'Ordering' Holds the Lifeline of the Project

Binance has solidified its position as the premier platform for liquidity exit after token launches, as evidenced by the poor performance of assets like $MON that debuted elsewhere. Projects on BNB Chain receive prioritized attention, reinforcing Binance’s dominance over market liquidity and project viability. The next frontier lies in edge innovation—disruptive changes emerging from the periphery, much like digital cameras overtaking film. Large entities often respond through acquisitions or internal competition. Following FTX’s collapse, Solana experimented with meme-driven, on-chain liquidity solutions, emphasizing the importance of transaction ordering. Current efforts, such as Application-Controlled Execution (ACE), aim to optimize this process. However, Hyperliquid has emerged as a significant innovator, introducing consensus-level order prioritization that favors market makers—processing cancel and post-only orders before others. This microstructural change enhances market-making conditions, though its focus remains largely on BTC liquidity. The broader trend is clear: blockchain competition is increasingly centered on transaction ordering mechanisms, which directly influence market making and the efficiency of liquidity exit.

marsbit12/24 06:31

Where Did the $362 Million Go? Hyperliquid Counters FUD, A Decentralization Route Debate Behind the Reconciliation

A technical report published on December 20, 2025, accused Hyperliquid, a decentralized exchange, of multiple severe issues—including insolvency and a "God mode backdoor"—claiming it was a centralized platform disguised as a blockchain. Hyperliquid issued a detailed response refuting the claims. The most serious allegation—a $362M shortfall in user funds—was debunked. The discrepancy arose because the accuser overlooked native USDC on HyperEVM during Hyperliquid’s transition from an L2 to an independent L1. Total reserves across Arbitrum and HyperEVM matched user balances. Other accusations were partially addressed: some code was testnet-related, limited broadcast nodes were an anti-MEV measure, and chain freezes were part of upgrade procedures. However, Hyperliquid did not fully respond to claims about unqueryable governance proposals and a lack of a cross-chain "escape hatch" for withdrawals. The exchange also compared itself to competitors like Lighter and Aster, criticizing their reliance on centralized sequencers and lack of transparency, while highlighting its own fully on-chain state verification. Additionally, Hyperliquid addressed community concerns about insider trading, attributing significant short selling to a former employee. The incident underscores broader challenges in DeFi transparency as protocols grow more complex, emphasizing the crypto mantra: "Don’t trust, verify."

marsbit12/24 02:55

Whales accumulate Hyperliquid during the dip, not the rally – Why?

Hyperliquid's large holders (whales) have aggressively accumulated over $21.5M worth of HYPE during the recent price decline, not during rallies, indicating strong conviction. This accumulation, combined with persistent negative exchange outflows, suggests selling pressure is being absorbed and available supply is shrinking. Price action shows HYPE compressing within a descending wedge near key support around $22, with oversold conditions and weakening bearish momentum. Top trader positioning leans long, and funding rates have stabilized, indicating a leverage reset. These converging factors—whale buying, reduced sell supply, cooling leverage, and chart compression—significantly alter the risk profile near support, increasingly favoring a potential relief-driven reversal rather than further downside.

ambcrypto12/23 18:03

Polymarket bets surge on Lighter airdrop as Hyperliquid lists LIT

Lighter, a perpetual decentralized exchange (perp DEX) and rival to Hyperliquid, is generating significant airdrop speculation. A core contributor announced the platform is finalizing its token generation event (TGE), including removing Sybil and wash-trading points from its Season 2 rewards program. Hype intensified when Hyperliquid listed the yet-to-launch LIT token. Lighter opened an airdrop allocation form, allowing users to direct tokens to additional wallets, with submissions accepted until Friday. The transfer of 250 million LIT tokens (25% of supply) further fueled expectations. On prediction market Polymarket, the odds of an airdrop occurring by December 31st have surged to 86%, with $9.5 million in betting volume. Lighter recently raised $68 million in a round led by Founders Fund and Ribbit Capital.

cointelegraph12/23 12:58

‘Team isn’t shorting HYPE’ – Hyperliquid Labs clarifies insider trading claims

ambcrypto12/22 19:02

Hyperliquid says ex-employee responsible for HYPE token shorting

Hyperliquid co-founder Iliensinc clarified on Discord that a wallet accused of shorting the HYPE token belonged to a former employee terminated in Q1 2024, not a current team member. The address sold around 4,000 HYPE tokens ($134,000) in a single day. Iliensinc emphasized that all employees and contractors are prohibited from derivatives trading involving HYPE or using material non-public information. Despite a 24% price drop this year, HYPE has risen 290% since its November 2024 launch. Arthur Hayes recently praised Hyperliquid as this cycle’s “best story,” noting its growth from $2–3 to over $60 at its peak. The platform dominated the perp DEX market with $653 billion volume in Q2 2025.

cointelegraph12/22 09:14

Altcoin season never ended, traders just missed the winners: Hayes

Arthur Hayes, co-founder of BitMEX, argues that the altcoin season is already here and never truly stopped, contrary to traders who are still waiting for it to begin. He states that many are mistakenly expecting a repeat of previous cycles, hoping the same cryptocurrencies and narratives will surge again. Hayes warns traders to adjust their strategies and focus on new market developments instead of relying on past patterns. He cites Hyperliquid (HYPE) and Solana (SOL) as examples of assets that have already experienced massive rallies in this cycle. However, not everyone agrees; some industry experts, like CoinQuant CEO Maen Ftoui, believe the next altcoin season will be dominated by older cryptocurrencies with or expecting an ETF. The debate continues on how and when the next altcoin season will fully unfold.

cointelegraph12/20 02:15