Popular crypto wallet MetaMask unveiled native support for Hyperliquid on Wednesday, allowing users to more easily speculate on the price of various cryptocurrencies through the up-and-coming decentralized exchange. In a press release, MetaMask said the integration is a direct response to the growing popularity of perpetual futures, which allow traders to make outsized bets on digital assets like Bitcoin and Ethereum using leverage, and unlike traditional features, don’t feature an expiration date. Traders ...

A new thesis from DeFi analyst Patrick Scott argues that despite losing market share to rivals, Hyperliquid remains the most investable decentralized exchange for perpetual futures. Perp DEX market in flux Perpetual futures — or perps — are crypto derivatives that allow traders to speculate on prices without an expiry date. The decentralized platforms that host them, known as perp DEXes, have surged in popularity as traders move activity away from centralized exchanges (CEXes) such as Binance. Scott not ...

HYPERLIQUID DROPS 4,600 HYPURR NFTS WITH FLOOR PRICE NEARLY $60K- Hyperliquid has rolled out 4,600 Hypurr NFTs on its HyperEVM mainnet, sparking intense trading activity and valuations rivaling blue-chip collections.The Launch:- Dropped at midnight Sunday, Hypurr quickly recorded 952,000 HYPE (~$45M) in trading volume on OpenSea.- The floor now sits around 1,458 HYPE ($68,700), with early OTC trades reaching $88,000 even before launch.Notable Sales:- Hypurr #21, featuring rare “Knight Ghost Armor” traits, s ...

HyperVault developers have executed a rug pull on their Hyperliquid-based DeFi platform, draining approximately $3.6 million in user funds before disappearing and deleting all social media accounts. PeckShieldAlert first detected abnormal withdrawals from the yield protocol, with funds being bridged from Hyperliquid to Ethereum and converted to ETH. Tornado Cash Conceals $3.6M Trail as Social Accounts Vanish The stolen funds followed a familiar pattern, with 752 ETH deposited into Tornado Cash to obscur ...

Decentralised exchanges offering perpetual trading for cryptocurrencies, such as Hyperliquid and Aster, are taking the industry by storm. The sector has become the centrepiece of crypto’s latest mania, accumulating $1.8 trillion in trading volume this quarter alone, according to DefiLlama data. That’s more than the niche’s entire trading volume recorded in 2024. Perp DEXs are decentralised exchanges for trading perpetual futures. These platforms allow traders to speculate on crypto price moves without ...

Aster has overtaken Hyperliquid in trading volume over the past 24 hours as traders pile onto the platform following its announcement of a second token airdrop. The perpetual futures exchange registered $13.5 billion in trading volume, compared to Hyperliquid’s $9.6 billion, per DefiLlama data. On Monday, Aster told users that it had redesigned its airdrop points campaign to make it more rewarding. Those who trade on the platform can earn points, which will convert into Aster tokens when the campaign en ...

Cryptocurrency Market Reaction - Major cryptocurrencies, including bitcoin (BTC), experienced a rise following the Federal Reserve's 25 basis-point rate cut and indications of further easing by year-end, despite a hawkish tone from Fed Chair Jerome Powell [1] - The CoinDesk 20 Index increased by 3% over 24 hours, with all members showing positive performance [1] Regulatory Developments - The SEC approved "accelerated basis" listing standards for crypto ETFs, reducing approval times from 240 days to approximately 75 days, which is expected to boost listings in the crypto market [2] DeFi Innovations - Aave introduced its V4 roadmap, transitioning to ERC-4626 share accounting, which will maintain the number of tokens while increasing their value over time, enhancing integration and tax treatment [3][4] - AAVE token price rose over 4% in the last 24 hours following this announcement [4] Tokenomics and Valuation Insights - Wormhole, a decentralized blockchain bridge, announced new tokenomics aimed at providing better earning opportunities for governance-active token holders [4] - A popular analysis suggested that Hyperliquid's HYPE token is undervalued, advocating for discounted cash flow (DCF) models due to its unique cash flow dynamics [5]

crypto will be the most transformative technology of this decade, moreso than AI, and is still overwhelmingly underpriced relative to the existing giant corporations in techthe FAANG trade of the early 2000s is occurring right now with blockchain startups$HYPE$SOL$ENA$PUMPASXN (@asxn_r):Hyperliquid is generating more than $1.2B in net income, surpassing NASDAQ’s 2024 net income of $1.13B.Remarkably, it achieves this with a workforce 832 times smaller, while directing 98% of revenue to HYPE token buybacks. h ...

RT BSCN (@BSCNews)VANECK EYES HYPERLIQUID ETF IN US, ETP IN EUROPE- VanEck is preparing to file for a Hyperliquid $HYPE spot staking ETF in the US and a Hyperliquid ETP in Europe, sources told Blockworks.- If approved, HYPE would become the youngest token to earn an ETF filing from the firm.- VanEck already manages bitcoin and ether ETFs but has recently turned its focus to Hyperliquid. “Plenty of demand” exists for the asset, yet it is not listed on major US exchanges, digital assets director Kyle Dacruz s ...

VANECK EYES HYPERLIQUID ETF IN US, ETP IN EUROPE- VanEck is preparing to file for a Hyperliquid $HYPE spot staking ETF in the US and a Hyperliquid ETP in Europe, sources told Blockworks.- If approved, HYPE would become the youngest token to earn an ETF filing from the firm.- VanEck already manages bitcoin and ether ETFs but has recently turned its focus to Hyperliquid. “Plenty of demand” exists for the asset, yet it is not listed on major US exchanges, digital assets director Kyle Dacruz said.- An ETF could ...