News linked to both this project and an event.
On-chain data analysis shows that on the Hyperliquid HIP-3 platform, the SK Hynix (SKHX) perpetual contract currently accounts for approximately 33% of all HIP-3 trading volume, while also accounting for about 50% of the total trading volume of stock perpetual contracts, making it the single contract with the highest trading volume in this category. SKHX is a tokenized stock perpetual contract deployed by a builder via the HIP-3 mechanism, corresponding to the stock price of SK Hynix, South Korea. SK Hynix has long been listed on the Korean main board and is scheduled to complete its U.S. ADR (Nasdaq: SKHY) listing around July 10, 2026. HIP-3 allows eligible builders to stake HYPE and then permissionlessly deploy perpetual markets, enabling traders to trade related assets with leverage on the platform 24/7. This is also the context behind the original post author @0xNairolf's joke that "people really want to trade it before they are truly allowed to trade it"—namely, achieving relatively barrier-free trading through decentralized rails. The data is sourced from Hyperliquid official HIP-3 dashboard screenshots and verified by on-chain tracking sites; recently, SKHX's single-day trading volume has reached the hundreds of millions of U.S. dollars level multiple times.
Hyperliquid has listed the perpetual contract for CASHCAT, a Robinhood Chain Meme coin, supporting up to 3x leverage.
According to Odaily, within a week of its launch, Robinhood Chain has processed over 17 million transactions, reached nearly 350,000 addresses, has a protocol TVL of approximately $250 million, and a DEX trading volume exceeding $1 billion. This Arbitrum-powered blockchain recorded a trading volume of $568 million on Wednesday and over $350 million on Thursday, with more than 5.2 million transactions in 24 hours and 213,000 active addresses.Data from DefiLlama shows that Robinhood Chain's 24-hour DEX trading volume is approximately $433 million, ranking fifth among all blockchains and surpassing Hyperliquid. Its TVL has risen to around $94 million within a week, with a stablecoin balance exceeding $260 million. The market cap of Cash Cat has surpassed $180 million, while Robinhood-themed tokens such as Dog In Hood, Hoodrat, and Robinhood Summer have seen gains of hundreds to thousands of percentage points. ARB has risen by 20%, as Robinhood Chain operates on the Arbitrum technology stack and returns 10% of its net protocol revenue to the Arbitrum ecosystem (Decrypt).
Bybit added 4 US stock perpetual contracts today: Snowflake (SNOWUSDT), GE Vernova (GEVUSDT), Vertiv Holdings (VRTUSDT), and Hyperliquid Strategies (PURRUSDT), supporting up to 20x leverage.
Hyperliquid and non-custodial wallet Phantom have jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), calling for updates to regulatory rules for on-chain trading infrastructure. The two parties argue that current CFTC rules were designed for the traditional financial system, which relies on centralized intermediaries, and are not applicable to DeFi. They suggest clarifying that developing software for on-chain trading protocols does not require registration as an exchange or clearing agency, and that non-custodial wallet front-ends should not need to register as introducing brokers. They also propose allowing regulated institutions to use blockchain for trading and clearing operations. Previously, the CFTC and the U.S. SEC jointly released a request for comment in June, seeking industry input on regulatory rules affecting financial innovation. (The Block)
the official interface shows Polymarket has launched a Perp trading feature. It currently supports 10 assets including BTC, ETH, SOL, HYPE, as well as Gold, Silver, SP500, NAS100, WTIOIL, and SPCX, with up to 20x leverage available.
Ave.ai has officially launched the Perp DEX feature on iOS, integrating Hyperliquid perpetual contract trading capabilities. Users can now access perpetual contract trading scenarios on mobile through Ave Wallet Pro, experiencing more efficient and convenient on-chain contract trading services.Hyperliquid is a high-performance trading infrastructure that has garnered significant attention in the on-chain perpetual contract market. Its core revolves around a fully on-chain order book, perpetual contract trading, and an efficient matching experience. With this integration of Hyperliquid by Ave.ai, users can not only discover on-chain assets, view market data, and manage wallet assets through Ave.ai, but also participate in on-chain contract trading on mobile devices.As a one-stop on-chain trading platform, Ave.ai continuously upgrades its products around multi-chain asset discovery, DEX market data, on-chain data analysis, wallet transactions, and trading tools. The launch of Perp DEX on iOS is a crucial step for Ave.ai in improving its mobile trading ecosystem and further expands Ave.ai's contract trading scenarios beyond spot trading.Leveraging the new Perp DEX feature, users can view Hyperliquid contract market data in real-time, conveniently manage account assets, and quickly execute contract operations such as opening and closing positions. This significantly lowers the barrier to on-chain contract trading on mobile, helping users efficiently capture market opportunities and comprehensively enhancing mobile trading efficiency and user experience.In the future, Ave.ai will continue to optimize the Perp DEX product experience, iterating on key scenarios such as market data display, trading entry points, asset management, position interaction, and risk warnings. The platform will persistently refine its product capabilities to provide global Web3 users with more professional and efficient one-stop on-chain trading services.Crypto assets and perpetual contract trading carry high volatility and risk. Users are advised to thoroughly understand the relevant rules and carefully assess their own risk tolerance.
crypto venture capital fund Pantera Capital stated in a post that Hyperliquid's total addressable market is approximately $10 trillion in daily notional trading volume, including around $200 billion in 0DTE options and leveraged ETF trading, approximately $2 trillion in commodity derivatives trading, and around $8 trillion in foreign exchange derivatives trading.Pantera indicated that if Hyperliquid can consistently capture a low-single-digit percentage share of the aforementioned markets, its revenue potential could reach five times current levels. According to estimates, if the HIP-3 market achieves an annualized notional trading volume of $3.65 quadrillion and captures a 1% market share, under the assumptions of a combined fee rate of 2 basis points and Hyperliquid's economic split of 50%, the platform's revenue could reach approximately $3.7 billion.However, Pantera pointed out that regulation remains the biggest risk for Hyperliquid. Perpetual contracts are currently not fully open in the United States, and if the US promotes the legalization of related products in the future and introduces regulated platforms, Hyperliquid could face more intense competition, with some US user trading volume potentially shifting to compliant trading venues. Pantera believes Hyperliquid could also launch a regulated version targeting the US market in the future.
Bybit has launched the HYPEUSD Inverse Perpetual Contract (Inverse Perpetual), using HYPE as the margin and settlement currency, supporting up to 20x leverage with 24/7 trading. HYPE is the native token of the Hyperliquid ecosystem, and Hyperliquid is a high-performance L1 on-chain derivatives protocol. Inverse contracts allow users to trade directly using HYPE as collateral without needing to convert to USDT, suitable for traders holding HYPE long-term to hedge or enhance returns.
crypto KOL Ansem stated on X platform that BullpenFi is a one-stop trading terminal he co-founded. The platform supports trading Solana chain Meme coins, Hyperliquid perpetual contracts, Polymarket prediction markets, and stocks, and also supports trading in USD via wire transfer, ACH, or cryptocurrency, allowing users to complete registration with one click.
Odaily Odaily News: Hyperliquid founder Jeff posted on platform X, "VALR, the largest cryptocurrency exchange in Africa, will directly leverage Hyperliquid's on-chain liquidity to power its core perpetual contract products. This is a significant milestone that will redefine how next-generation financial applications are built.The breakthrough of cloud computing is that any startup can quickly test its ideas while having peace of mind that the infrastructure will scale with the business. As the most liquid global venue for assets like BTC, Hyperliquid will play the same role in the global economy. By utilizing the deepest on-chain liquidity, builders can instead focus on their products and users. Heartfelt congratulations to the VALR team. We are honored they chose to build on Hyperliquid. Looking forward to growing together!"
Coinbase released a monthly review on July 1, stating that in the first half of the year, it advanced its product layout around the strategy of "every asset, every market, one platform," covering tokenized stocks, pre-IPO perpetual contracts, stock options, crypto options, stock index perpetual futures, AI tools, payments, stablecoins, and on-chain infrastructure. Coinbase stated that the tokenized stocks are 1:1 backed shares of US companies, expected to include dividends, on-chain trading, holding, and redemption functions, and are not available to US persons. Coinbase also noted that its pre-IPO perpetual contracts will start with SpaceX and then expand to OpenAI and Anthropic, and will offer crypto options through integration with Deribit. Coinbase CEO Brian Armstrong said on July 3 that Coinbase is one of the companies with the highest level of AI application globally. Coinbase also stated that it has launched a direct INR on-ramp in India, become the official deployer of the USDC treasury wallet for Hyperliquid, partnered with Ethena across over $50 billion in assets, and mentioned transferring approximately $4.4 billion USDC to the Hyperliquid deployer. (Bitcoin.com News).
According to Onchain Lens monitoring, a wallet linked to the USDH deployer deposited 212,498 HYPE, worth $15.07 million, into Coinbase.
: TradingView has added support for data from Hyperliquid and trade.XYZ.Users can open the search function in TradingView Supercharts and enter the prefix "HYPERLIQUID:" or "HIP3XYZ:" to find the corresponding market data.
according to on-chain sleuth Specter's monitoring, Arthur Hayes once promoted what he called the "Holy Trinity"—HYPE, ZEC, and NEAR—predicting that HYPE would reach $150. He also published a Substack article promoting HYPE. A few days later, Arthur Hayes sold all three tokens.Subsequently, Arthur promoted WLD, posting "This shitcoin is going to moon." Three days later, Arthur Hayes announced "I'm out."After that, Arthur promoted CARDS with a target price of $4. One day later, a linked wallet deposited 1.9 million CARDS into an exchange.In 2024, Arthur promoted ENA and, approximately one hour later, deposited ENA worth $8.4 million into a CEX.
According to CoinDesk, Wall Street bank Cantor Fitzgerald issued a research report indicating that the crypto market is entering the final phase of the current bear cycle. As of June 10, Bitcoin has declined approximately 51% from its 2025 peak, with 252 days having passed since the peak. Synthesizing the past three market cycles, BTC bottoms on average 384 days after the peak; based on this, the low point of this cycle is projected to appear around the end of October. Analysts also noted that the model is not a precise timing tool, and macro, regulatory, and geopolitical risks remain. Regarding network value assessment, Cantor believes Hyperliquid is the prime example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum serves as the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.
Multicoin has published a report stating that the market is severely underestimating the value of Hyperliquid's native token, HYPE, and believes it still has over 400% upside potential in the coming years. The firm estimates that, in a base case scenario, HYPE's price could reach approximately $319 by 2028.Multicoin believes the current market is too narrowly viewing Hyperliquid as a fast-growing decentralized perpetual contract exchange, when in reality it is evolving into an "Everything Exchange" covering multiple assets and trading scenarios.The report states that at the current price of around $63, HYPE is clearly mispriced. Multicoin estimates that by 2028, Hyperliquid's annualized profits could reach approximately $80 billion. Valued at a 20x earnings multiple, this would correspond to a HYPE price of around $319.Multicoin also disclosed that it has been actively buying HYPE since February of this year, and HYPE has become one of the largest holdings in its liquid hedge fund. Recently, HYPE broke through $76 to hit an all-time high, driven by positive catalysts such as ETF inflows, strong protocol revenue, and aggressive buyback plans. It subsequently pulled back with the broader market and was trading around $62.47 as of Thursday afternoon.
Odaily reports: Blockchain data infrastructure startup Cambrian has secured $6 million in seed funding, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.As previously reported by Odaily, Cambrian also received a $5.9 million pre-seed investment led by the a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million.Founded in 2024, Cambrian currently offers APIs for institutions and AI agents, providing real-time and historical on-chain data covering yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain. The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI agent builders, and protocols that require reliable data to control capital flows. Unlike traditional oracles that primarily provide price data, Cambrian aims to aggregate data from lending protocols, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexes approximately $4.5 billion in TVL across four major lending protocols, tracks 1,789 vaults managed by 895 curators, and monitors over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support by integrating Hyperliquid and richer perpetual contract data.
According to a report released by data analytics platform Glassnode (@glassnode), although BTC’s price remains significantly below its all-time high, traders on Hyperliquid are continuously increasing their long positions, buying the dip throughout the entire downward trend—building up growing potential for a short squeeze. Meanwhile, altcoin cycle signals have returned to “Altseason,” with selling pressure on altcoins tapering off; however, BTC remains under downward pressure, and the current market remains BTC-driven.
According to an official announcement, 21Shares has launched options trading for its Hyperliquid ETF (THYP) on Nasdaq, supporting both monthly and weekly options.