Hyperliquid | Crypto

The Crypto Banter founder said Hyperliquid’s network effects give it a strong competitive moat, but regulatory uncertainty remains its biggest threat. Crypto Banter founder Ran Neuner said regulation poses the biggest risk to Hyperliquid, warning that decentralized exchanges could eventually face greater government scrutiny. Speaking on Cointelegraph’s Chain Reaction podcast, Neuner said regulators have begun establishing rules for centralized crypto exchanges and predicted decentralized platforms would be next. “The biggest issue is that we don’t know how regulators are going to treat the decentralized exchanges,” Neuner said. He added: Read more

HIP-3* adds venue-scoped controls without changing existing permissionless markets. The post Hyperliquid tests allowlists that let operators restrict access to their own markets appeared first on CryptoSlate.

Filings show at least $763.7 million raised, leaving at most $236.3 million before discounted share sales face a Nasdaq cap. The post Hyperliquid treasury company increases token buying strategy to $2.5 billion as shares run out appeared first on CryptoSlate.

Crypto wallets linked to the OFAC-sanctioned Lazarus Group moved $30 million in digital assets through Hyperliquid, weeks after regulators said they were working on a path to introduce the exchange into US markets. Crypto wallet addresses linked to the North Korean state-affiliated hacker collective Lazarus Group moved $30 million in digital assets through the decentralized exchange Hyperliquid. The Lazarus-tagged wallets sent funds to Hyperliquid and HyperUnit via Bitcoin (BTC), traded them into Ether (ETH) or Solana (SOL) and bridged them out to Tron, Solana or the Ethereum network, according to blockchain data shared by Arkham analyst Emmett Gallic in a Monday X post. Ultimately, the deposits were sent to crypto exchanges KuCoin and Kraken, as well as Lbank, along with several unlabeled services based on the Tron network. Read more

Crypto projects spent a record $638 million on token buybacks so far in 2026, as more protocols are turning their revenue into buybacks to return more value to token holders. Decentralized exchange Hyperliquid and memecoin launchpad Pump.fun reportedly accounted for nearly 90% of the record $638 million in token buybacks carried out by cryptocurrency projects so far in 2026. Crypto projects spent a record $638 million to repurchase their own cryptocurrencies year-to-date, up from $545 million during the same period in 2025 and $366,000 in 2024, according to Allium Labs data cited by the Financial Times in a Monday report. Of the $638 million, Hyperliquid accounted for roughly $370 million and Pump.fun for nearly $200 million. Token buybacks are similar to share buybacks by publicly listed companies, which buy back their own stock to support their share prices and increase returns for existing shareholders. Read more

President Donald Trump said Aug. 19 that CFTC Chair Michael Selig is working to bring Hyperliquid to the US in a fully compliant, legal way. Hyperliquid's official interface currently keeps US persons off the platform, part of the regulatory geography that let crypto's largest perpetual futures venue grow up outside American oversight. Hyperliquid processed over […] The post US rule rewrite looms for $200B on-chain venue Hyperliquid as Trump signals onshore approval appeared first on CryptoSlate.

HYPE reached $72 after Trump said the CFTC was pursuing compliant US access for Hyperliquid, though no formal regulatory plan has been released. Hyperliquid’s native token surged more than 20% over 24 hours after United States President Donald Trump said regulators were working on a compliant pathway to make the decentralized trading platform available to American users. HYPE traded around $62 immediately before Trump’s remarks and subsequently jumped as much as 16% to a 24-hour high of $72.28, according to CoinGecko. It later settled to about $70, up approximately 20% in the last day, with 24-hour trading volume reaching $1.4 billion.  “I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” Trump said during a Wednesday White House event, referring to Commodity Futures Trading Commission (CFTC) Chair Michael Selig. “Working very hard on that.” Read more

A new preprint says off-book routing damped liquidation feedback inside Hyperliquid, while wider market effects remain untested. The post Shifting $576M of forced sales off public order books saved Hyperliquid from a systemic crash appeared first on CryptoSlate.

Hyperliquid traders value Unitree at nearly $38 billion versus $9 billion at its IPO, leaving leveraged bets vulnerable when trading begins, Allium analysts said.

Tokenized real-world assets accounted for more than a third of Hyperliquid’s quarterly trading volume, generating 6.6% of the protocol’s $169 million quarterly revenue. Tokenized real-world asset (RWA) trading now accounts for more than 33% of the trading activity on decentralized exchange Hyperliquid. HIP-3 RWA perpetual contracts saw their share of trading volume increase to 32.2% during the second quarter of 2026, up from 20.7% in Q1 and 1.8% in Q4 of 2025. RWA trading volume reached $213 billion during Q2 on Hyperliquid, according to its quarterly report published on Wednesday. Hyperliquid said that RWA trading generated 6.6% of the protocol’s quarterly revenue of $169 million. Of that $169 million, the platform said it returned $141 million to token holders through Hyperliquid (HYPE) token buybacks. Hyperliquid reported over $1 billion in cumulative protocol revenue. Read more

After leading crypto ETF inflows in May and June, demand for Hyperliquid funds stalled in July and August as competition intensified, the bank said.

RWA perpetual futures reached 99.2% of Bitcoin perpetual volume on Hyperliquid and Binance as tokenized equities led trading. Perpetual futures tied to tokenized stocks and commodities generated nearly as much trading volume as Bitcoin perpetuals on two of the largest venues for the products over the past week, according to Talos. Combined seven-day volume across tracked real-world asset (RWA) perps reached $61.7 billion, equal to 99.2% of Bitcoin perpetual volume on Hyperliquid and Binance, where most trading activity is concentrated, Talos told Cointelegraph in an email summary citing a data snapshot taken on Thursday. Tokenized equity contracts accounted for 57.8% of the total, followed by commodities at 28.2%. Read more

Investors are withdrawing money from Hyperliquid-linked exchange-traded funds for the first time since the products launched. Data from SoSoValue shows that the three funds have recorded more than $13 million in net outflows in July, putting them on course for their first negative month after attracting about $280 million since inception. Nearly $27 million has […] The post Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued? appeared first on CryptoSlate.

A later snapshot showed open interest down 20.29% while Trade.xyz investigated the price inputs submitted to HyperCore. The post Inside the brutal 2-minute flash crash sending a $400M South Korean market plunging on Hyperliquid appeared first on CryptoSlate.

Hyperliquid is capitalizing on the volume and depth of its order book by giving firms the option to compose with the platform’s shared liquidity, rather than fragmenting it.

An erroneous share trade on Korea’s Nextrade exchange fed bad price info into Hyperliquid’s third-party price oracle, liquidating 960 accounts in seconds.

Tokenized RWA trading became Hyperliquid’s largest trading category for the first time, accounting for more than half of the decentralized exchange’s weekly trading volume. Perpetual decentralized exchange (DEX) Hyperliquid’s weekly trading volume in tokenized real-world assets (RWAs) exceeded that of all other asset categories combined for the first time. RWAs generated $25.1 billion in trading volume from July 13 to July 19, accounting for 52% of Hyperliquid’s total weekly volume of $48.2 billion, according to Blockworks data. “Hyperliquid’s RWA market alone was larger than the combined crypto perpetual volume of every other DEX,” wrote ARK Invest’s research director for digital assets, Lorenzo Valente, in a Thursday X post. Read more

Bitwise predicted that Hyperliquid and Robinhood TradFi ventures should form the basis for a crypto bull-market comeback that would lift Bitcoin and Ether. Bitcoin (BTC) is “finally showing signs of a bottom,” but the next bull market will have a different source. Key points: In a blog post on Wednesday, Matt Hougan, chief investment officer at crypto asset manager Bitwise, revealed his picks for what will “lift” BTC price action going forward. Read more

Hyperliquid plans to allow external operators to create prediction markets on its blockchain, widening its challenge to Polymarket while requiring prospective deployers to put nearly $32 million of its native token at risk. The proposed HIP-4 upgrade would require each deployer to stake 500,000 HYPE, worth about $31.7 million at Monday’s token price. Hyperliquid would […] The post Hyperliquid challenges Polymarket with $32 million opening for prediction-market builders appeared first on CryptoSlate.

Hyperliquid plans to require developers to stake 500,000 HYPE, worth about $30.4 million, to deploy permissionless prediction markets under HIP-4. Hyperliquid plans to introduce permissionless prediction markets by requiring developers to stake 500,000 HYPE tokens (about $30.4 million) to launch them under HIP-4. The proposal introduces a capital threshold and slashing mechanism intended to discourage poorly defined or improperly settled markets  In an announcement, Hyperliquid said permissionless deployment will become available on testnet before expanding to mainnet in a future network upgrade. Validators will vote on standard outcome templates that deployers can use to create markets, while each deployer will initially be limited to 100 outcomes. The allocation will be released for reuse when a market is settled.  Read more