hype

According to Wu's Blockchain report, the /coins/perps interface of the Pump.fun front-end API has displayed data related to Hyperliquid perpetual contracts, covering cryptocurrency assets such as BTC, ETH, SOL, as well as stock and commodity contracts like Nvidia, Tesla, gold, and crude oil.The interface returns information including contract prices, funding rates, open interest, 24-hour trading volume, and maximum leverage, with some assets coming from the Hyperliquid HIP-3 market. Wu stated that it is currently unclear whether Pump.fun plans to launch perpetual contract trading features, and the official has not yet announced related product plans.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.538 billion USD, with long positions at 3.961 billion USD, accounting for 46.39% of the total holdings, and short positions at 4.578 billion USD, accounting for 53.61%. The profit and loss for long positions is 320 million USD, while the profit and loss for short positions is -307 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2322.63 USD, currently showing an unrealized profit and loss of -19.3045 million USD.

According to on-chain analyst Ember (@EmberCN), a wallet received 263 ETH from Tornado Cash yesterday, then sold it for 643,000 USDC and deposited it into Hyperliquid.The address opened a short position of 305.5 BTC at a price of $83,068 with a maximum leverage of 40 times, with a position size of approximately $25.38 million, and the liquidation price is $84,088, currently with an unrealized profit of about $160,000.

The tokenized fund platform OpenETF launched its testnet system on October 6, 2026, creating a fund from the Hyperliquid portfolio, with shares existing in the form of tokens held in wallets. Currently, the deployment uses worthless test assets, and the documentation states that real funds should not enter the system. Each fund has a name, symbol, public terms, and shares in the form of ERC-20 compatible tokens.The manager trades the portfolio on Hyperliquid, and investors hold shares in their own wallets. The initial offering is subscribed in USDC at net asset value, with a minimum amount of 100 USDC, and the manager may set a higher threshold. The fund is a treasury across HyperCore and HyperEVM, with the treasury contract on HyperEVM issuing shares and pricing for subscriptions and redemptions, while the same treasury holds and trades the portfolio as a trading account on HyperCore. Investors hold share tokens, the manager directs trades, but does not obtain the treasury trading keys.Creating a fund requires no approval or creation fee. The manager must purchase at least 100 USDC worth of shares and choose a commitment ratio of at least 5%. Performance fees can be selected from 0% to 50% of consolidated profits, with a default of 20%; the management fee is 0% to 2% per year, with a default of 0%, and the two rates are frozen after shares are issued. The testnet charges an exit adjustment fee for the priced redemption portion, starting from 0.1%, with an additional 0.05% for each unit of nominal leverage, capped at 1%, with fees remaining in the fund. The documentation describes this deployment as a testnet only, with no timeline provided for mainnet launch.

According to the market information platform Liquid247.xyz, Hyperliquid's perpetual ETH has approximately 2,064.49 sell orders listed at $2,493.20, with a nominal value of about $5.1472 million, which is an increase of about 0.02% from the mid-price of approximately $2,492.75 at that time.The total buy orders on the near-end market are about $12.751 million, while the sell orders are about $12.8419 million, resulting in a net sell excess of about $90,900, accounting for 0.36% of the total depth.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0x3ff54f...f705 currently holds a BTC short position of 573.759 coins, with a nominal value of 47,419,400 USD.At the time of publication, BTC is quoted at 82,647 USD.

According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet received 110,000 HYPE (approximately 9.73 million USD) from another wallet and immediately staked all the tokens after receiving them.

The decentralized perpetual contract trading platform Hyperliquid achieved a cumulative protocol revenue of over $1 billion by June 30, 2026. The platform's trading volume in the first quarter of 2026 was approximately $492 billion, making it the second largest by trading volume after Coinbase.About 97% to 99% of Hyperliquid's protocol fees are used for public market buybacks of HYPE through the Assistance Fund, with over 41 million tokens repurchased and burned, valued at over $1 billion. Hyperliquid operates its own blockchain, and HIP-3 allows users to create permissionless asset markets based on price feeds. Protocol revenue mainly comes from opening and closing trading fees, as well as fees charged for creating new markets; the funding rate is regularly exchanged between long and short positions, and the protocol does not retain that portion of funds.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.542 billion USD, with long positions at 3.96 billion USD, accounting for 46.36% of the total holdings, and short positions at 4.582 billion USD, accounting for 53.64%. The profit and loss for long positions is 284 million USD, while for short positions it is -262 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2322.63 USD, currently showing an unrealized profit and loss of -17.707 million USD.

According to Onchain Lens monitoring, a newly created address (0xbcd...bbc) went long on 54.1 BTC with 40x leverage on Hyperliquid, with an opening price of $81,778.6, a liquidation price of $80,819.1, an unrealized loss of $1,200, and a total loss of $20,200.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0xecb63c...2b00 recently reversed and held a long position of 180.98 BTC, with a nominal value of approximately 14,790,400 USD, an opening average price of about 81,692 USD, and a current mark price of approximately 81,722 USD, resulting in an unrealized profit of about 5,300 USD.At the same time, this address holds a short position of 14,526.75 ETH, with a nominal value of approximately 35,933,400 USD, an opening average price of about 2,485.85 USD, a current mark price of approximately 2,473.60 USD, resulting in an unrealized profit of about 178,000 USD.

Hypberbot data shows that Brother Ma Ji, Huang Li Cheng's HYPE long position has just been completely liquidated, with a loss of about 26,000 USD. He is still "stubbornly holding" a 25x leveraged Ethereum long position, with a holding of 31,500 ETH, valued at approximately 79.839 million USD, currently facing an unrealized loss of 3.506 million USD, with a return on investment of negative 109%.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0x020ca6...5872 currently holds a long position of 36,450 ETH, with a nominal value of approximately 93.5595 million USD.At the time of publication, ETH is quoted at 2,566.79 USD. The average opening price for the long position at this address is approximately 2,646.41 USD, and the current position has an unrealized loss of about 2.9022 million USD.

According to ai_9684xtpa monitoring, a certain smart money has accumulated a deposit of 131,421 HYPE to Kraken since September 28, with a deposit price of 89.56 USD. If sold, it would yield a profit of 11.26 million USD, with a cost as low as 3.87 USD.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 9.108 billion USD, with long positions at 4.239 billion USD, accounting for 46.54% of the holdings, and short positions at 4.869 billion USD, accounting for 53.46%. The profit and loss for long positions is 393 million USD, while for short positions it is -410 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2315.73 USD, currently showing an unrealized profit and loss of -27.4307 million USD.

Hyperliquid Labs confirmed to the Financial Times that its registered headquarters is located in Singapore, but the Monetary Authority of Singapore (MAS) stated that due to Hyperliquid's decentralized nature, it does not consider the platform to fall under its regulatory jurisdiction. MAS indicated that it is not aware of Hyperliquid being regulated in any major jurisdiction.Hyperliquid stated that it is currently in an unregulated status, has never claimed to have obtained permission or authorization from MAS, and is willing to engage in constructive cooperation with regulatory authorities. According to FT, a team of about 11 people led by co-founder Jeff Yan has relocated to Singapore in 2024, and company documents along with recent recruitment information also indicate that it has an office in Singapore.Previously, on June 26, MAS had listed Hyperliquid on its investor warning list, which is used to alert the public about entities that may be mistakenly believed to be licensed or regulated by MAS. Hyperliquid responded at that time that being listed does not constitute a ban, enforcement action, or determination of misconduct, and described itself as an unlicensed infrastructure. Singapore will require local companies providing digital token services only to overseas clients to obtain a license starting from June 30, 2025, and MAS stated that such licenses will only be issued in very limited circumstances.

According to Ember Monitoring, the address under the development team HyperLabs of the decentralized perpetual contract exchange Hyperliquid applied to unstake 3.75 million HYPE (worth approximately 332 million USD) 7 days ago and has successfully completed the redemption 2 minutes ago.

The co-founder and CEO of the decentralized perpetual contract trading platform Hyperliquid, Jeff Yan, stated during a fireside chat at the Token2049 conference in Singapore that traditional wealth creation opportunities on Wall Street, such as company stocks, are essentially inaccessible to the investing public before they are listed on exchanges, causing retail investors to miss out on the most significant price increases prior to listing. He noted that certain assets are tradable by only a few people during most of their growth phases, and by the time the public can trade them, the growth has already been captured by a privileged few, making this wealth creation model unsustainable.Yan stated that Hyperliquid's main mission is to expand the accessibility of wealth creation opportunities and encourage more people to participate in the financial system, with income being merely a byproduct. He mentioned that Hyperliquid's success partly stems from its perpetual contracts having no expiration date, which reduces the number of decisions traders need to make and prevents liquidity fragmentation. According to data from DefiLlama, Hyperliquid generated $72 million in revenue over the past 30 days, ranking third among protocols in terms of revenue.Blockchain asset management company Pantera stated in July that perpetual contracts, due to their structural advantages, could become one of the dominant trading tools in the global financial sector, and Hyperliquid has demonstrated the potential of blockchain infrastructure to challenge traditional markets. Jeffrey Sprecher, CEO of the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, called on regulators to create a fair competitive environment for the launch of 24/7 on-chain perpetual contracts. In March of this year, the New York Stock Exchange partnered with the tokenization platform Securitize to advance blockchain-based stock trading infrastructure.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0xecb63c...2b00 currently holds a short position of 19,762.81 ETH, with a nominal value of approximately 51.2758 million USD.At the time of writing, ETH is quoted at 2,594.56 USD. The average opening price for the short position at this address is approximately 2,661.05 USD, and the current unrealized profit for this short position is about 1.3142 million USD.

According to on-chain analyst Yu Jin's monitoring, a certain whale/institution deposited margin into 3 addresses and currently holds long positions worth 352 million dollars on Hyperliquid, including 1,140 BTC and 98,100 ETH. These long positions were opened about half a month ago, with an average opening price of 82,205 dollars for BTC long positions and 2,604 dollars for ETH long positions. Currently, the portfolio's long positions are profitable by 2.66 million dollars.